Ola Electric gets $250m funding from SoftBank

Japanese company SoftBank has invested around $250 million in Ola Electric Mobility. With this investment, Ola Electric has become the newest unicorn of India, joining the list of companies like Flipkart, Zomato and Paytm.

Static/Current Takeaways Important For EPFO/LIC ADO Mains:

  • CEO of Ola Electric: Bhavish Aggarwal.
  • CEO of Softbank Corp.: Ken Miyauchi, Chairman: Masayoshi Son.

Source: The Business Today

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