Ola Electric, a leading EV player in India, plans to raise $600 million through an IPO, becoming the first EV company to go for an IPO. Ola relies heavily on government subsidies for sales volume.
Boomeranged on Thu, 14 Mar 2024 14:18
News media outlets report that Ola Electric has finalised plans to launch an electric auto-rickshaw later this month ahead of its IPO. Electric auto-rickshaws is part of the company's wider plan to enter the commercial vehicle business. This insight offers readers a detailed analysis on the company's business model, financials and outlook.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.