Page 14 - Ola Electric Mobility

OLA Electric IPO subscription opening soon; what you need to know

The OLA Electric IPO is set to open for subscription soon. Watch the video for essential details on the offering

Ola Electric's IPO to attract investor bids from Fidelity, Nomura

Ola Electric's roughly $740 million IPO will open this week and will be the first by an Indian electric vehicle maker

Ola Electric sets price band of Rs 72-76 per share in one of biggest IPO

Ola Electric's roughly $740 million IPO will be the first by an Indian electric vehicle maker

Bhavish Aggarwal's Ola Electric IPO worth Rs 5,500 cr to open on August 2

Ola Electric IPO price band to be announced on Monday

Ola Electric Mobility to launch IPO on August 2 to raise Rs 5,500 crore

Electric two-wheeler company Ola Electric Mobility will float its initial public offering (IPO) on August 2, and a significant part of the proceeds will be used for capacity expansion of its cell manufacturing plant and revving up R&D. The initial share sale will conclude on August 6, and the bidding for anchor investors will open for a day on August 1, according to the red herring prospectus (RHP). The company's proposed IPO is a combination of a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore equity shares by promoters and investors, the prospectus showed. Under the OFS, Ola Electric founder Bhavish Aggarwal will offload almost 3.8 crore shares. The price band of the company's maiden public issue will be announced on Monday. For Ola Electric, the IPO will provide the much-needed impetus to invest in enhancing cell manufacturing capacity and research and development on future technologies and products. According to its prospectus, Ola

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion

Ola is planning the IPO at a lower valuation to ensure higher participation from investors bidding for the IPO shares

Ola Electric suspends India car project to focus on scooters, bikes: Report

Ola had planned to launch e-sports car this year

Hyundai ties up with Charge Zone for charging infrastructure for EV

Hyundai Motor India on Wednesday said it has tied up with Charge Zone to set up charging infrastructure for electric vehicles. As per a Memorandum of Understanding (MoU), Charge Zone will install DC 60 kW fast chargers across 100 Hyundai dealerships in India. The strategic partnership aims to aid the expansion of public EV charging infrastructure in the country, Hyundai Motor India said in a statement. These public EV charging stations will also provide convenience to all EV users for intercity and intracity travel considering the locations of dealerships across cities and highways, it added. "As India aims for greater adoption of electric mobility, it is equally important to bolster the EV charging infrastructure to counter range anxiety and build customer preference towards adoption of electric mobility," Hyundai Motor India Function Head - Corporate Planning Jae Wan Ryu said. Strategic alliances are crucial for accelerating the adoption of electric mobility solutions by custome

Budget 2024: FinMin announces Critical Mineral Mission; what we know so far

Union Budget 2024: Finance Minister Nirmala Sitharaman announced the government will soon conduct the first round of offshore mineral auction round under the Critical Mineral Mission

OIa founder calls to create India's own AI stack, use DPI to build datasets

To be leaders on the AI front, Aggarwal elucidated that the country needs the government and the industry to adopt AI applications

Affordable models take Bajaj, TVS closer to Ola Electric in e2W market

In July, their combined share surges past Ola's

In push to widen EV reach, Ola's Aggarwal wants incentives to go on

The government's support to the EV industry has been through direct subsidy on the price of the vehicle through FAME, PLI and now the EMPS scheme aggregating to over Rs 59,000 crore

Mobility players drive 18% of total car sales in FY24, says Deloitte

Mobility sector's growth path set to accelerate to 25% by FY30: Deloitte

Will have our cells in EVs by early 2025: Ola Electric's Bhavish Aggarwal

These cells would be manufactured from its newly set up Ola Gigafactory in Krishnagiri, Tamil Nadu

Ola Electric working on building solid-state batteries: Bhavish Aggarwal

Solid-state batteries are expected to offer improved safety, a longer lifespan and faster charging compared with conventional lithium-ion batteries that use flammable liquid electrolytes

EV maker Ola Electric secures market regulator Sebi approval for IPO

Ola Electric is eyeing a $6-7 billion valuation through the offering

Ola Electric receives Sebi approval for IPO; looks to raise Rs 5,500 crore

Ola Electric IPO: The the first public offering by an EV startup in India includes an offer-for-sale component of 95.2 million shares

Here's how much 30 companies plan to raise through IPOs in coming months

Expected IPOs in the coming months include those of Ola Electric, FirstCry, Waaree Energies, Fincare Small Finance Bank, Bansal Wire Industries, NSDL, among others

Ola switches on electric vehicle battery cell tech pioneered by Tesla

Starts trial run with 4680 battery cells

Bhavish Aggarwal's Ola Electric gets Sebi approval for Rs 7,250-crore IPO

Sebi's approval, coupled with a buoyant market, could potentially enable the company to launch its IPO within a month