Ola Electric Mobility Pvt. Ltd’s $250 Million Fundraising


Khaitan & Co advised Ola Electric Mobility Private Limited on the Series B investment by SB Topaz (Cayman) Limited.

Ola Electric Mobility Pvt. Ltd has raised about $250 million from SoftBank Group Corp., thus becoming the second company founded by Bhavish Aggarwal to join the coveted unicorn club of startups valued at more than $1 billion.

Ola Electric Mobility Pvt Limited engages in leasing of electric cars. The company was founded in 2017 and is based in Bengaluru, India.

Khaitan & Co advised Ola Electric Mobility Private Limited with a team including Sharad Moudgal (Picture), Rishabh Bharadwaj (Partner), Chirag Narasimiah (Associate) and Anurag Singh (Associate) with assistance from Rahul Singh on competition law aspects and Swathy Ramanath on electricity law aspects.

Involved fees earner: Rishabh Bharadwaj – Khaitan & Co.; Sharad Moudgal – Khaitan & Co.; Rahul Singh – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Ola Electric Mobility Private Limited ;