Temasek leads $140 million Ola Electric funding at $5.4 billion valuation

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Temasek leads $140 million Ola Electric funding at $5.4 billion valuation
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NEW DELHI : Singapore's investment firm Temasek led a $140 million funding round in India's Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering.The investment round has been closed and Ola wi

NEW DELHI : Singapore's investment firm Temasek led a $140 million funding round in India's Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering.

Ola did not respond to a Reuters request for comment, while Temasek, which is an existing investor in Ola Electric, declined to comment.

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