Electric vehicle producer Ola Electric has tripled its valuation to $3bn in just two years having secured its latest funding in a round co-led by SoftBank.

Ola Electric, the India-based electric vehicle (EV) spinoff of ride hailing service Ola, has raised $200m in a funding round co-led by internet and telecommunications conglomerate SoftBank. Alternative asset manager Falcon Edge co-led the round, which also featured undisclosed additional investors. The deal valued the EV producer at $3bn, up from a $1bn valuation from…

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