Ola: Regarding Ola Electric Mobility Pvt.’s initial public offering, big news has emerged. Bhavish Aggarwal, the company’s CEO, has said that Ola Electric’s initial public offering may happen soon.
Ola IPO details
Bhavish Aggarwal, the founder and CEO of Ola Electric Mobility, said in a Bloomberg interview that he formerly thought it would take him 4 to 6 years to present the IPO but now he thinks that the company’s IPO launch could happen sooner. They are preparing to introduce Ola Electric’s IPO ahead of schedule because the company has experienced good growth and development much before they anticipated it. The market’s response to Ola Electric has been excellent, and this can be viewed as the primary justification for the company’s IPO.
By the end of 2023, Bhavish Aggarwal wants to release a motorbike, and in 2024, he intends to sell a battery-powered car. The company’s plans, however, may cause a change in the time.
Plan to export in the future
According to Bhavish Aggarwal, the business intends to offer Ola electric scooters outside of India in South East Asia, Latin America, and European nations. He claims that because there is such a high demand for Ola’s scooters in the Indian market, the export plan has not yet been realised.
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