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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, 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'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 ...
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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.
NEW DELHI (Reuters) -SoftBank-backed Indian e-scooter maker Ola Electric is likely to value the company at around $4.5 billion for its initial public offering (IPO), around 16%-20% lower than the ...
Valuation date Exit date Exit reason Exit valuation (US$ billions) Country Founders Uber: 72 August 2018 [605] May 2019 [606] IPO 82.4 United States Travis Kalanick, Garett Camp: DiDi: 62 July 2019 [607] June 2021 [608] IPO 73 China Cheng Wei: Facebook 50 January 2011 May 2012 [609] IPO 104 United States