Ola Electric’s IPO is almost here! It’s attracting wide investor interest with a 25% discount on its previous valuation of $5.4 billion.
In a recent interview, founder Bhavish Aggarwal said the lower valuation is to make the IPO more attractive and accessible to a wide range of investors.
Ola Electric is going public before Ola Cabs because it grew faster and is more ready for this big step. Each company will go public when the time is right for them.
Ola Electric’s revenue is growing rapidly, and the company is working towards profitability by scaling up manufacturing and improving margins.
The EV industry is adjusting to reduced government subsidies, focusing on incentives for production. Ola Electric is leveraging these schemes to grow in India