Wednesday, March 22, 2023

Ola Electric kicks off $250-300 million fundraise plan

The company is expecting an up round that may see it valued at $6.5-7 billion, based on the expectation of turning ebitda positive from FY24. ​​​That will make it the most valuable electric two-wheeler company in the country, even exceeding legacy peers such as Hero Motocorp and TVS Motor.

from Tech-Economic Times https://ift.tt/OGgPlMU
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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...