Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply chain and in-house produced cells, while it has shelved plans to make electric car, as of now. Listen in to Founder and CMD Bhavish Aggarwal as he highlights the companies grand plans. #olaelectric #bhavishaggarwal #olaelectric
Regarding Ola Electric's upcoming IPO, Aggarwal commented, "We wanted to ensure that the pricing was set at a level that would generate significant excitement among investors."
Moneycontrol, on June 11, had reported that the electric vehicle maker had received Sebi's clearance for its IPO. The company is looking to raise Rs 7,250 crore through the IPO
Writing on X (formerly Twitter) on Thursday, Ola CEO Bhavish Aggarwal said that it was rich of LinkedIn to call his post on pronoun illness unsafe and emphasised the need to develop own tech and AI in India.
The firm is planning to take its e-bike business nationally by the end of this year, and expects to complete 0.5 billion rides in 2024
An Ola electric vehicle was used to play music at a pre-wedding event and in the caption of a video shared on Instagram, a user named Saurav Rokade narrated how the vehicle had to be used to play music. The video later got a response from CEO Bhavish Agarwal.
Vanguard, which holds 166,185 shares of Ola or about 0.7 percent stake in the company, has pegged the fair value of its stake at $25,038,000, down from its acquisition cost of $51,748,000, the AMC's regulatory filings showed. This implies a valuation of $3.5 billion for Ola against its last private market valuation of $7.3 billion.