EV Firm Greaves Electric Mobility Files DRHP with SEBI to Raise Rs 1,000 crore via IPO
Greaves Electric Mobility Greaves Electric Mobility, the electric mobility arm of Greaves Cotton Ltd. and the maker of Ampere electric two-wheelers, recently filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an…
EV maker Greaves Electric Mobility Files IPO Papers with Sebi; aims to Raise Rs 1,000 cr
Electric Vehicle maker Greaves Electric Mobility Ltd has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 1,000…
Electric two-wheeler maker Ather Energy to go Public in Rs 4,500 crore IPO
After the runaway success of its larger rival Ola Electric’s Rs 6,145 crore share sale last month, electric two-wheeler maker Ather Energy has filed for a Rs 4,500 crore IPO. The issue will be Rs 3,100 crore of fresh issue…
IPO-bound Ather Energy Launches its First Family Scooter ‘Rizta,’ Priced Rs 1,09,999 Onwards
Ather Energy, known for its electric two-wheelers, has introduced its latest offering, the ‘Rizta,’ marking its entry into the family scooter segment. The pre-order price for this scooter begins at Rs 1,09,999. Tarun Mehta, Co-Founder and CEO of Ather Energy,…
Ola Electric Raises $50 million in Debt Financing From EvolutionX Cap
Initial public offering (IPO)-bound electric two-wheeler maker Ola Electric Mobility Ltd has raised Rs 410 crore (about $50 million) through non-convertible debentures from EvolutionX Debt Capital, showed regulatory filings made with the Registrar of Companies (RoC). EvolutionX Debt Capital, a…
Tata Group Plans IPO For Electric Vehicle Unit, Eyes $1-2 Billion Listing
In a move aimed at monetising its investments in the electric vehicle (EV) sector, Tata Group is gearing up to list its subsidiary, Tata Passenger Electric Mobility Ltd (TPEM), in an initial public offering (IPO) valued at $1-2 billion. According…
IPO-bound Ola Electric Gets Certification for 2nd E-scooter Under Govt’s PLI Scheme
Bhavish Aggarwal-led Ola Electric has received certification for its S1 Pro (Gen-2) electric scooter under the government’s production-linked incentive (PLI) scheme for the automobile and auto component industry. Sources told IANS on Saturday that the IPO-bound company had applied for…
IPO-Bound Ola Electric Becomes First Indian EV Company To Get PLI Nod
IPO-bound Ola Electric has become the first Indian e2W (electric two-wheeler) company to become eligible for the government’s production-linked incentive (PLI) scheme. The Ministry of Heavy Industries (MHI) has given its approval after a four-month-long process. While there has been…
Ola Electric Gears Up For India’s Largest Automotive IPO By Early 2024
Just a few days after it secured $300 million in fresh funding led by a sovereign fund, Ola Electric, India’s largest electric vehicle company, is said to be in talks with financial and legal institutions to go for the much-awaited…
EV Battery Giant Launches IPO Worth Up To $10.8 Billion
LG Energy Solution Ltd., one of the world’s largest makers of batteries for electric vehicles, started taking investor orders for a share sale that could raise as much as $10.8 billion. The offering is on course to be comfortably the…
