Narayana Murthy’s investment firm Catamaran in talks to invest in Ola Electric

Ola Electric, the Bhavish Aggarwal-led electric scooter maker, is about to close fresh funding which has been in the works for several months.

According to three top sources, there is a commitment from Singapore’s state-owned private equity giant Temasek, which is an existing investor in both Ola Cabs and Ola Electric. Temasek is expected to put in around $100 million.

Sources cited above said an Indian investor is in an advanced stage of discussion to pump money into Ola Electric.