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.

— Mint

Khaitan & Co advised Ola Electric Mobility led by a core transaction team of partner Sharad Moudgal, partner Rishabh Bharadwaj, associate Chirag Narasimiah and associate Anurag Singh with assistance from partner Rahul Singh on competition law aspects and principal associate Swathy Ramanath on electricity law aspects.

Rajaram Legal advised existing investor Matrix Partners led by a team of partner Prasad Subramanyan with senior associate Aakanksha Pagnis.

Update 1 October 2019: AZB & Partners advised Softbank Corp led by a team of partners Srinath Dasari and Nanditha Gopal.

2019-07-02

Deal value: $250 Million

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