Charged up: PEs & VCs pump big money into electric vehicles

Investment activity in the EV space jumped after Japans SoftBank Vision Fund said in 2019 that it would invest $265 million in Ola Electric, ride hailing company Olas EV arm that is setting up an EV manufacturing facility in Krishnagiri, Tamil Nadu. PEs and VCs pumped in around $672 million between 2019 and 2021 in the EV sector, compared with the $200 million they invested in the preceding three years, data compiled by consultancy EY showed.

via Economictimes