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Ola Electric raises $200 mn funding, valuation touches $3 bn

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3 years ago

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Ola Electric raises 0 mn funding, valuation touches bn

Ola said that through the injection of new funds, it will accelerate the development of other automotive platforms, such as electric motorcycles, mass market scooters and electric cars. After Ola Electric announced on Thursday that it had raised funds, its valuation reached US$3 billion (approximately Rs 22,272 crore). More than US$200 million (approximately Rs 14.847 billion) from Falcon Edge, SoftBank and other companies. Ola said that through the injection of new funds, it will accelerate the development of other vehicle platforms, such as electric motorcycles, mass market scooters and electric cars. In July, Ola Electric announced the signing of a USD 100 million (approximately Rs 7,445 crore) 10-year debt financing agreement with Bank of Baroda. In the past, Ola Electric has raised funds from investors including Tiger Global and Matrix India. Last month, Ola stated that its S1 electric scooter sales exceeded 11 billion rupees in 2 days. It added that the funding will strengthen Ola’s “electric mission,” which urges the industry and consumers to commit to electric and ensures that gasoline two-wheelers will no longer be sold in India after 2025. At the same time, Meesho said that according to a report by PTI, it has raised $570 million in funding, led by Fidelity Management and Research and B Capital Group.

News Source : The Indian Express

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

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2 weeks ago

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October 22, 2024

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.

The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.

Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.

With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.

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The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.

Weather and AQI predictions in Delhi for next 7 days:

DateTemperatureSky
October 23, 202432.93 °CSky is clear
October 24, 202432.69 °CSky is clear
October 25, 202432.5 °CSky is clear
October 26, 202432.07 °CSky is clear
October 27, 202430.69 °CSky is clear
October 28, 202431.29 °CSky is clear
October 29, 202432.09 °CSky is clear

Weather in other cities on October 22, 2024

CityTemperatureSky
Mumbai28.35 °CLight rain
Kolkata28.84 °CSky is clear
Chennai28.94 °CLight rain
Bengaluru25.53 °CModerate rain
Hyderabad27.75 °CModerate rain
Ahmedabad31.9 °CSky is clear
Delhi32.93 °CSky is clear

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