Since the start of the ongoing financial year in April 2025, founder Bhavish Aggarwal and the maker of S1 Pro have changed their stance on the capacity of the company’s gigafactory, the number of sales it needs each month to break even, revenue guidance, and the strength of its distribution network. The inconsistent outlook and … Read more
The company’s proposed IPO is a combination of a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore equity shares. 3 min read Last Updated : Jul 28 2024 | 1:54 PM IST Electric two-wheeler company Ola Electric Mobility will float its initial public … Read more
Ola Electric on Monday said it has raised over USD 200 million (about Rs 1,490.5 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, valuing the electric vehicle maker at USD 5 billion. In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank and others … Read more
Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, backed by SoftBank Group Corp. and Tiger Global Management, has also picked Morgan Stanley for the listing, said the … Read more