Ola Electric IPO to be first by auto company in 20 years
Sunday, 10 December 2023 Ola Electric is set to launch its IPO, making it the first auto maker in India to do so in over two decades. With an expected size of around Rs 8,500 crore, it will be one of the top 15 IPOs in India. Ola Electric is also poised to become the first pure play electric vehicle manufacturer to list on the Indian stock exchanges. The IPO will include fresh equity and offers for sale by existing investors, including Temasek and SoftBank. The funds raised will be used to accelerate the development of an EV manufacturing unit .
Morgan Motor Company is planning its electric future and sharing details of a new development vehicle that will act as the forerunner to all future electric Morgan sports cars. Referred to as βXP-1β, the experimental prototype will provide key information to the engineers and designers at Morgan...
Fresh design, higher-quality materials and the latest-generation assist systems: that is the new ID.3. Two and a half years after the launch of the first generation, the all-electric bestseller from..
Fresh design, higher-quality materials and the latest-generation assist systems: that is the new ID.3. Two and a half years after the launch of the first generation, the all-electric bestseller from..
Itβs official: FIAT is electrifying North America with its sustainable mobility mission. The brand debuted the 2024 FIAT (500e)RED as the first FIAT 500e product drop for North America virtually with..
Ola Electric Mobility, led by Bhavish Aggarwal, has filed for an IPO with Sebi, aiming to raise approximately Rs 10,000 crore. This makes Ola Electric the first... IndiaTimes
Meanwhile, Bhavish Aggarwal-driven Ola Electric's net loss nearly doubled to Rs 1,472 crore in FY23, from Rs 784.1 crore in the previous fiscal year, as expenses... DNA
Sunday, 10 December 2023
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