Reported about 1 year ago
Indian e-scooter manufacturer Ola Electric has been granted regulatory approval for its $660 million Initial Public Offering, making it India's first EV stock listing. Backed by SoftBank and Temasek, Ola aims to expand its operations through this deal. The company plans to list its shares by mid-July after assessing investor demand. Ola, a major player in India's e-scooter market, competes with TVS Motor, Bajaj Auto, and Ather Energy, and was last valued at $5.4 billion in September 2023.
Source: YAHOO