CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following has invested around $250 million in Ola Electric Mobility?
A
Toyota
B
Alibaba Group
C
SoftBank
D
Huawei
Explanation: 

Detailed explanation-1: -Last year, Ola Electric had raised $250 million from Masayoshi Son’s SoftBank. The investment turned the e-vehicle arm of the ride-hailing aggregator into a unicorn, or a start-up valued at more than $1 billion.

Detailed explanation-2: -Ola Electric, which spun out of Ola a few years back, has raised a fresh $200 million in funding led by Japanese tech investment major, Softbank, with its valuation jumping to $3 billion.

Detailed explanation-3: -Ola Electric said on Monday it has raised $200 million in a new financing round even as the Indian ride-hailing giant’s spin-off struggles to deliver its maiden electric scooter to customers and questions about its work culture have been raised.

Detailed explanation-4: -EV unicorn Ola Electric records 4x growth during Navratas.

There is 1 question to complete.