Ola Electric first Indian EV maker to file for IPO
Saturday, 23 December 2023 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 electric vehicle (EV) company in India to pursue a public offering. Notably, it is also the first automobile company in over two decades to go public since Maruti Suzuki in 2003. The IPO documents indicate a plan to raise Rs 5,500 crore through the issuance of new shares. Additionally, 10 existing shareholders, including promoters, private equity firms like SoftBank, Matrix Partners, and Tiger Global, will sell part of their holdings.
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 a video reveal featuring Olivier Francois, CEO of FIAT and global chief marketing officer of...
Opel sets standards on the way to becoming an all-electric brand and shows how the future of the estate segment looks β exciting, efficient and above all electric, without comprising estate-car..
Opel sets standards on the way to becoming an all-electric brand and shows how the future of the estate segment looks β exciting, efficient and above all electric, without comprising estate-car..
Opel sets standards on the way to becoming an all-electric brand and shows how the future of the estate segment looks β exciting, efficient and above all electric, without comprising estate-car..
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... 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
Saturday, 23 December 2023
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