Tag: Ola Electric Mobility

Ola Electric Nosedives 8% Day After Bhavish Aggarwal-Kunal Kamra Spat

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Ola Electric Nosedives 8% Day After Bhavish Aggarwal-Kunal Kamra Spat

Kunal Kamra had flagged the delayed servicing of scooters at Ola’s service centres. The shares of Ola Electric Mobility plunged steeply over 8% this morning, down 43% from its post-listing peak, as complaints about its flagship electric two-wheelers kept flooding social media. This is the third straight session the EV maker declined. The latest Ola…

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Ola Electric gets Sebi’s nod for IPO; aims to raise ₹5,500 cr via fresh issue

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Ola Electric gets Sebi’s nod for IPO; aims to raise ₹5,500 cr via fresh issue

Electric two-wheeler company Ola Electric Mobility’s proposed ₹5,500 crore IPO has received the go-ahead from Sebi, paving the way for the company to tap the market with a significant part of the proceeds to be used on capacity expansion of its cell manufacturing plant and revving up R&D. Ola Electric as well as Bain Capital-backed Emcure Pharmaceuticals…

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