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Grapevine

Bolt.Earth Raises $5 Mn To Expand EV Infrastructure

  • Bolt.Earth secures $5 Mn in Series A+ funding led by Version One Ventures, with participation from Union Square Ventures and Prime Venture Partners.
  • Funds will be used to scale operations and develop fast-charging solutions for two, three, and four-wheelers.
  • COO Raghav Bharadwaj promoted to CEO, succeeding Jyotiranjan Harichandan.

Source: Inc42

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Indian Startups
Indian Startups16mo
by SqueakyPickleGoogle

Hero has revenue of Rs. 35,000 crore & profit of rs. 4000 crores.Ola Electric has revenue of Rs 373 crore and loss of Rs 784 crore... OLA Electric (OE) aims 7-8 Bn $ IPO Valuation while Hero has 10 Bn $ valuation

Soneone explain rationale here !

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Top comments
user

" but ola has innovation" , " kya matlab founder ke IIT se hone se valuation multiple jayada nhi hona chahiye" , " ol...

user

More direct comparison would be Ather which is at 4x revenue/sales multiple ($900mn/$225mn) Even giving Ola Elec...