Indian EV giant Ola Electric raises $140M from Singapore's Temasek: Report

Bhavish Aggarwal-led EV giant Ola Electric has reportedly raised $140 million in funding from existing investors, including Singapore-based Temasek.

According to Reuters, The round values Ola Electric at $5.4 billion.

This comes after Ather Energy raised Rs 900 crore Hero MotoCorp and Singapore-based GIC

Meanwhile, Ola Electric is also reportedly preparing for the IPO launch and could file DRHP by this year end.