Ola Electric Shares hit 20% Upper Circuit After Listing at Par with IPO price
The shares of Ola Electric Mobility Ltd. made a quiet stock market debut with its shares getting listed at par against its issue price of ₹76 on the NSE. Similarly, the stock kicked-off its maiden trading session at BSE ₹75.99….
Ola Electric to Raise $734 million in India’s biggest IPO this year
Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country’s biggest IPO this year, a deal set to lure major foreign investors and highlight growing confidence in India’s financial markets. A stock market…
Ola Electric To Invest $100 Million For Lithium-Ion Battery Manufacturing Gigafactory Amid IPO Buzz
IPO-bound Ola Electric plans to invest $100 million (approximately Rs 834 crore) in the initial phase of constructing its gigafactory for lithium-ion battery cell production as per founder Bhavish Aggarwal. He mentioned that Ola’s electric scooters will feature these locally-produced…
Ola Electric Logs 49 Per Cent Share In Electric 2-Wheeler Market In May
Ola Electric, on Saturday, said that it has captured 49 per cent market share in the electric two-wheeler (2W) segment in May, with 37,191 registrations (as per government’s Vahan portal) riding on its S1 scooter portfolio. The deliveries of the…
Pavna Industries Inks Deal with Ola Electric to Supply gnition witches, Latches for EVs
Pavna Industries Limited, a leading automotive parts manufacturer has inked an agreement with Ola Electric to supply ignition switches and latches, consolidating its foray into the electric two-wheeler segment. Under this agreement, Pavna Industries commits to providing high-quality ignition switches…
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…
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…
Ola Electric is Looking to Bid for Lithium Mining Rights
E-scooter maker Ola Electric is looking to bid for mining rights for lithium blocks, which are being auctioned by the Centre. Last year, the NDA government at the Centre launched the first part of its critical minerals auctions in a…
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 to Raise USD 662 mn in India’s First EV Maker IPO
SoftBank Group-backed Indian e-scooter maker Ola Electric on Friday filed to raise at least 55 billion rupees (USD 661.9 million) in an initial public offering (IPO) that is tippd to be one of the country’s biggest share sales next year….
