Bengaluru :
Ola Electric, the electric mobility startup, is poised to launch its Initial Public Offering (IPO) and is currently in discussions to onboard investment advisors from Kotak Mahindra Capital and Goldman Sachs.
IPO Listing Before End of EV Subsidy
With government subsidies for electric vehicles set to conclude next year,
Ola Electric is fast-tracking its stock exchange debut, garnering interest from top global private equity firms such as SoftBank and Tiber Global.
Advisory Team and Battery Tech
In preparation for its IPO, Ola Electric plans to bring in additional investment banks while also intensifying its focus on battery technology. The company has engaged Cyril Amarchand Mangaldas as its legal advisor for the IPO.
Ola Electric Accelerates Innovation
Ola Electric aims to introduce a range of motorcycles in anticipation of its IPO, alongside the establishment of a cutting-edge Battery Innovation Centre in Bengaluru.
This expansion marks a significant shift from their electric scooter-centric portfolio.
May Go Public Before Upcoming Elections
While the exact timeline for the IPO launch remains unspecified, Ola Electric is committed to going public before the upcoming elections, according to insider sources.
In parallel news, India Shelter, backed by Nexus Ventures and Westbridge Capital, has enlisted investment bankers as it gears up for a Rs 2,000 crore IPO.
