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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 ...
BENGALURU (Reuters) -Ola Electric's $734 million initial public offering (IPO) was fully subscribed on the second day of bidding, reaching the target amid a sharp sell-off in global equity markets.
Ola Electric's IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India. The SoftBank ...
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 ...
In October 2021, Ola launched its new and pre-owned car marketplace called Ola Cars in 30 cities, which was also expected to sell new vehicles of Ola Electric and other brands. [ 53 ] [ 54 ] By May 2022, the company had scaled down operations to 17 cities. [ 55 ]
CBC News Network (formerly CBC Newsworld) is a Canadian English-language specialty news channel owned by the Canadian Broadcasting Corporation (CBC). It is Canada's first all-news channel, [1] and the world's third-oldest television service of this nature (after CNN in the United States, and Sky News in the United Kingdom.)
India's Ola Electric has slashed its sales goals for 2023-2025 by more than half and delayed its target of achieving profits by a year, after reduced government incentives pushed up e-scooter ...
Additionally, CTV News operates the national 24-hour news channel CTV News Channel and the 24-hour national business news channel BNN Bloomberg, both of which are available across Canada on cable and satellite. The news division produced the weekday morning news and entertainment program Canada AM from 1972 to October 2015, when responsibility ...