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Ola funding News

16 Dec 2021

IPO-bound Ola raises $500 million to accelerate future mobility

The proposed loan issuance received a staggering response from investors with interest and commitment of approximately $1.5 billion. Ola is expected to utilise the term loan to fuel its vision for the future of mobility. Ola recently reported standalone operating profit.

08 Oct 2021

Ola Electric raises $200 mn at over $5 billion valuation: Report

Ola had announced raising over USD 200 million in funding from Falcon Edge, SoftBank and others, valuing it at USD 3 billion. Ola had stated that the sales of its S1 electric scooters crossed Rs 1,100 crore in two days. Ola has completed phase I construction of its manufacturing plant, spread across 500 acres, in Tamil Nadu.

30 Sep 2021

Ola Electric raises over $200 million at $3 billion valuation

Funds will be used to accelerate development of other vehicle platforms. Ola Electric recently sold scooters worth over $150 million. It is planning to launch electric car in future as well.

11 Oct 2017

Ola raises $1.1 bn, in talks for another $1 bn funding

Existing investor SoftBank, in addition to other new US-based financial investors, has also participated in this round, Ola said in a statement.

03 Oct 2017

Ola gets $2 billion funding from SoftBank, Tencent and others

Ola and SoftBank declined to comment on the matter while Tencent was not immediately available.

16 Apr 2015

Ola raises $400 mn, eyes growth in tier II & III cities

After this round, the firm has raised close to USD 800 million. In October, it had raised USD 210 million from a group of investors led by Japan's SoftBank.

Online taxi business

09 Apr 2015

Ola raises about $314 million in fresh funding

India`s biggest online taxi business Ola has raised about $314 million in a fresh round of funding from investors including billionaire Russian Yuri Milner`s DST Global, a company filing showed.

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