Key Points
NEW DELHI: Making it the first Indian EV maker to raise funds from public investors, Ola Electric, which makes electric-powered scooters and plans to enter the electric passenger car space, is likely to file IPO papers on Wednesday..
Softbank-backed Ola Electric will file for IPO in next few hours with company's top management and bankers busy finalising details, ET Now reported, quoting sources..
Kotak is the lead banker to Ola Electric while Goldman Sachs and Citi have also been appointed to handle the issue...
Ola Electric, which dominates the electric two-wheeler market in India, disclosed a doubled net loss of Rs 1,472 crore in FY23..
With a likely size of about $1 billion, Ola Electric IPO will rank among the top 15 IPOs in India in terms of the size of the fund-raise...
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