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NEW DELHI (Reuters) -SoftBank-backed Indian e-scooter maker Ola Electric is likely to value the company at around $4.5 billion for its initial public offering (IPO), around 16%-20% lower than the ...
Ola Electric, which listed its shares on Aug. 9 after a $734 million initial public offering (IPO), has seen its shares jump 75% over the launch price of 76 rupees. It was valued at $5.4 billion ...
India's Ola Electric plans to file regulatory papers for its up to $700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct ...
Ola Electric was established in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. [10] [11] The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2017 by setting up charging stations across the city and procuring electric cabs, e-buses, and e-rickshaws ...
Bhavish Aggarwal (born 28 August 1985) is an Indian entrepreneur. He is the co-founder and CEO of Ola Consumer, founder of Ola Electric [1] and founder of Ola Krutrim, a large language model artificial intelligence (AI) company which became India’s first AI unicorn in 2024 an estimated valuation of $1 billion.
According to a market report published in 2013, the sales of electric motorcycles and scooters in expected to rise over 10-fold by 2018 in North America, to about 36,000 by 2018. [ 84 ] In India, high costs and power grid problems have contributed to slow sales.