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Ola Electric Delays Car Project to Focus on E-Scooters and Battery Production Amid IPO Plans

Ola Electric, the SoftBank-backed electric vehicle manufacturer, has announced a suspension of its electric car project for at least two years. This strategic shift aims to prioritize the company’s core business of electric scooters and bikes, alongside battery production. Project Suspension: Ola Electric has decided to delay its ambitious electric car project, which was initially set to…
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BusinessNews

Startup CHARGE+ZONE has raised $10 million as a bridge round

EV-charging infra startup CHARGE+ZONE has raised $10 million as a bridge round drove by Venture Catalysts and others, and will additionally raise Series A funding worth $50 million in 2022. The funding will assist Charge+Zone in amping up its already existing charging organization of more than 1000 points across 19-urban areas largely for electric transports and cars. Launched in 2018, CHARGE+ZONE…
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