Ahead Of IPO, Ola Converts Into Public Limited Entity
The company is set for a public listing after securing approximately Rs 3,200 crore in October through a combination of equity and debt
Ola Electric, led by Bhavish Aggarwal, has transitioned into a public company in preparation for an upcoming public listing, according to media reports.
The transformation from Ola Electric Mobility to Ola Electric Mobility was officially documented in filings with the Registrar of Companies, Bengaluru.
The company, a prominent player in electric vehicle manufacturing, is set for a public listing after securing approximately Rs 3,200 crore in October through a combination of equity and debt.
Within two years of operation, Ola Electric has emerged as India's foremost electric vehicle manufacturer, projecting a market share of nearly 35 per cent.
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