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Ola's IPO was 35% subscribed on the first day of bidding. There is one more day of bidding to go. More than 150 companies have raised nearly $5 billion on India's booming stock market so far this ...
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, 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 ...
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 ...
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The Indian markets regulator in June approved Ola's $660 million stock market listing, the first IPO by an EV maker in India and set to be one of the country's largest share sales this year.
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.
Indian e-scooter maker Ola Electric has received regulatory approval to go ahead with its $660 million Initial Public Offering, said two sources with direct knowledge, paving the way for the ...