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India Electric Vehicle & E-Scooter Ola Electric IPO in India IPO with Share Price Increasing +20% on Day 1 of Trading (9/8/24) to $4.8 Billion Market Value Triggering the Maximum Daily Share Price Increase Allowed, Raised $730 Million in the IPO, Key Investors in Ola Electric Include SoftBank & Singapore Temasek, Founder Bhavish Aggarwal Becomes Billionaire with Personal Fortune of $2.5 Billion
9th August 2024 | Hong Kong
India electric vehicle & e-scooter Ola Electric has IPO in India with share price increasing +20% on day 1 of trading (9/8/24) to $4.8 billion market value (triggered the maximum daily share price increase allowed), and raising $730 million in the IPO. With the IPO, Ola Electric founder Bhavish Aggarwal becomes a billionaire with personal fortune of around $2.5 billion. In 2023 December, Ola Electric has filed for an IPO in India to raise $661 million with recent valuation at $5.4 billion. Ola Electric key investors include SoftBank & Singapore Temasek. Ola Electric was founded in 2017 by ANI Technologies (Parent of India ride-hailing giant Ola Cabs). India entrepreneur Bhavish Aggarwal is the founder of Ola Cabs & Ola Electric.
“ India Electric Vehicle & E-Scooter Ola Electric IPO in India IPO with Share Price Increasing +20% on Day 1 of Trading (9/8/24) to $4.8 Billion Market Value Triggering the Maximum Daily Share Price Increase Allowed, Raised $730 Million in the IPO, Key Investors in Ola Electric Include SoftBank & Singapore Temasek, Founder Bhavish Aggarwal Becomes Billionaire with Personal Fortune of $2.5 Billion “
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India Electric Vehicle & E-Scooter Ola Electric Files for India IPO to Raise $661 Million with Recent Valuation at $5.4 Billion, Key Investors in Ola Electric Include SoftBank & Singapore Temasek
29th December 2023 – India electric vehicle & e-scooter Ola Electric has filed for an IPO in India to raise $661 million with recent valuation at $5.4 billion. Ola Electric key investors include SoftBank & Singapore Temasek. Ola Electric was founded in 2017 by ANI Technologies (Parent of India ride-hailing giant Ola Cabs). India entrepreneur Bhavish Aggarwal is the founder of Ola Cabs & Ola Electric.
Ola Electric
We are an EV company building towards a brighter, safer and greener future. We are building towards making India the world’s EV hub by creating an ecosystem with products, services and technology which will define the next frontier of innovation.
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