Indian e-vehicle solutions startup Ola Electric Mobility, part of ride-hailing major Ola, has bagged 400 crore rupees ($56.4 million) in funding round.
The round was conducted by Tiger Global and Matrix India, among others.
The round values the company at about $5.7 billion.
With the net funds, Ola Electric Mobility will introduce a fleet of 10,000 electric vehicles over the next 12 months.