SoftBank has provided $250m of series B funding for EV infrastructure developer Ola Electric Mobility, reportedly pushing its valuation to $1bn.

Ola Electric Mobility, the India-based electric vehicle (EV)-focused spinoff of ride hailing service Ola, has collected $250m in series B capital from telecommunications conglomerate SoftBank, TechCrunch reported today, citing a regulatory filing. The round valued Ola Electric Mobility at $1bn, an undisclosed source told TechCrunch. Established earlier this year, Ola Electric Mobility was set up…

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