IPO-bound Ola Electric gets certification for 2nd e-scooter under govt’s PLI scheme
IPO-bound company had applied for the PLI certification for S1 Pro in October and received the certification this week.
IPO-bound company had applied for the PLI certification for S1 Pro in October and received the certification this week.
IPO-bound Ola Electric has reportedly become the first Indian e-scooter (e2W) company to get eligible for the government’s production-linked incentive (PLI) scheme.
Domestic markets are ending the year 2023 on a buoyant note as Nifty scales above 21,500 mark while Sensex crosses 71,000.
While FirstCry is likely to list only after the 2024 general elections, Ola Electric's management has already begun roadshows with both domestic and international investors.
Ola Electric has seen two more top-level exits, as it plans for an initial public offering (IPO) in early 2024, the media reported on Saturday.
Ola Electric has seen two more top-level exits, as it plans for an initial public offering (IPO) in early 2024, the media reported on Saturday.
The R&D department of Ola Electric has successfully managed to pack more energy in limited space by using specific chemistry and material.
The company said that special events were organised for the first 100 customers in Bengaluru and Chennai for the deliveries of Ola S1 and S1 Pro e-scooters.
The Ola S1 is priced at Rs 99,999; for the S1 Pro, customers will have to pay Rs 1,29,999 (ex-showroom). These prices include the FAME II subsidy, but exclude state subsidies.
The firm in July announced that its electric scooter has received a record-breaking 100,000 reservations within the first 24 hours, making it the most pre-booked scooter in the world.
