News > OLA advances plan for IPO as Electric Scooters come to India
OLA advances plan for IPO as Electric Scooters come to India
17/07/2023 06:17 PM | Click to read full article
Ola Electric Mobility PVT. is in talks for an initial public offering a lot sooner than it was initially planned by the founder. The Indian startup, which is backed by Softbank group Corp and Tiger global management, recently became leader in electric scooter market of India with 38% market share. Since December 2021, Ola has sold over 2,39,000 electric scooters, according to a data report revealed by the Society of Manufacturers of electric vehicles.
