🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Investors rush to find anchor in Ola Electric IPO; local, foreign cos sign up for likely $350m book
Economic Times
·
1y ago
Medial
The upcoming IPO of Ola Electric Mobility has attracted interest from both domestic and international investors, as the company's valuation approaches $4 billion. The IPO is set to open on August 2, with anchor investors such as SBI AMC, HDFC AMC, and international institutions like Fidelity and Nomura bidding around $200-100 million each. This IPO marks the first fundraising initiative by an automaker in over 20 years. Ola Electric's CEO, Bhavish Aggarwal, will participate in the offer for sale, reducing his stake in the company. The anchor book is expected to open on August 1, with listing anticipated on August 9.
View Source
Related News
India to see over ₹50,000 crore worth of IPOs soon: Report
Inshorts
·
1y ago
Medial
Indian stock market is likely to see a new wave of IPO rush in the next few months, a report said. Over 30 companies are reportedly planning to list on the stock exchanges with an aim of raising more than ₹50,000 crore. The expected IPOs include Ola Electric, FirstCry, Fincare SFB, NSDL, Waaree Energies, MobiKwik, Allied Blenders, and Emcure Pharmaceuticals.
View Source
Fidelity, Nomura line up bids for Ola Electric's IPO
Economic Times
·
1y ago
Medial
Ola Electric's upcoming IPO is expected to attract bids from investors including Fidelity, Nomura, and Norges Bank, along with Indian mutual funds SBI, HDFC, UTI, and Nippon India. Fidelity is likely to bid around $75 million, while Nomura and Norges will each place bids of $100 million in the IPO anchor book. The IPO will raise $660 million through the issuance of new shares, with existing investors, including founder Bhavish Aggarwal, also selling their stake of about $80 million. The final valuation for the IPO is estimated to be around $4 billion to $4.2 billion.
View Source
Ola’s House Of Unicorns
Inc42
·
1y ago
Medial
Bhavish Aggarwal, the founder of Ola, is set to take Ola Electric public, marking the first IPO in a series expected to come from the Ola group. After the listing, Ola Electric will become the first auto sector company in two decades to be listed on the exchanges. Aggarwal's attention will likely shift to Ola, Krutrim, and the company's new verticals following the IPO.
View Source
Ola Electric to invest $100 million in gigafactory
Economic Times
·
1y ago
Medial
Ola Electric, an IPO-bound company, plans to invest $100 million in building its gigafactory for lithium-ion battery cells. The investment will be used for the initial phase of setting up 1.5 GWh of cell manufacturing capacity. Ola Electric aims to have its own battery cells in its electric scooters by next year, with plans to expand capacity to 5 GWh. The company recently received certification for the battery cells and is also working on solid-state batteries. Ola Electric will likely supply cells to other electric two-wheeler makers and renewable energy firms.
View Source
IPO-Bound Ola Electric In Discussions With Kaynes Tech’s Arm To Make Chips For Its EVs
Inc42
·
1y ago
Medial
Mysuru-based Kaynes Semicon, the semiconductor arm of Kaynes Technology, is reportedly in talks with Ola Electric to manufacture chips for its electric vehicles (EVs) based on its own design. Currently, Ola Electric sources its chips from US chip designer Qualcomm. If the deal is finalized, Kaynes would assemble and process imported wafers to manufacture the chips. Ola Electric CEO Bhavish Aggarwal is actively looking to reduce dependencies on foreign entities for his businesses. This move comes as India's domestic semiconductor space is heating up, with significant investments being made in the sector.
View Source
Ola Electric to bring three-wheeler to market soon
Entrackr
·
11m ago
Medial
EV manufacturer Ola Electric is all set to launch its electric three-wheeler (e-rickshaw) later this year. The firm is likely to price its EV 3W more competitively to target market leaders like Mahindra, Piaggio, and Bajaj. According to a CNBC TV 18 report, Ola Electric Mobility aims to establish several hundred non-company-owned outlets to deepen its distribution network. In addition to the passenger version, the company will also launch a goods carrier variant. Earlier, media reports suggested that Ola Electric’s new vehicle is likely to be called Raahi. Recently, the Bhavish Aggarwal-led company announced that its products will be available on the government-backed Open Network for Digital Commerce (ONDC). In the Electric two-wheeler, Ola Electric has the largest market share and the firm is anticipating to replicate the same in the three-wheeler space. It will also become eligible for government’s production linked incentive (PLI) scheme, which offers financial incentives to companies that manufacture specific products in India.
View Source
Ola Electric IPO opens. Should you subscribe to the biggest issue this year?
Economic Times
·
1y ago
Medial
The IPO of Ola Electric, which includes a fresh equity sale of Rs 5,500 crore and an offer for sale of 8.4 crore shares, has opened for subscription. The issue will close on August 6. Founder Bhavish Aggarwal and other investors will be selling their shares in the IPO. Ola Electric is a prominent electric two-wheeler player in India and has raised over Rs 2,700 crore from anchor investors. Analysts are optimistic about the IPO and recommend subscribing to it with a long-term perspective. The IPO is priced in the range of Rs 72-76 per share. Ola Electric's revenue has shown growth, but the company's losses have also increased.
View Source
Ola Cabs is a profitable business now: Co-founder Bhavish
BQ Prime
·
2y ago
Medial
Bhavish Aggarwal, Co-founder of Ola Cabs, expressed that the ride-hailing company has become a profitable venture. He also mentioned that Ola Electric, the electric vehicle division, is likely to go public earlier than initially anticipated. Aggarwal originally estimated it would take four to six years of revenue before considering an IPO, but now he believes it will happen sooner than expected.
View Source
India can displace Chinese phone, electronics brands with its own: Chris Miller
Livemint
·
1y ago
Medial
India has the potential to create local smartphone brands that could rival Xiaomi as foreign firms face increasing pressure in China and seek alternative manufacturing centers. Chris Miller, author of the book "Chip Wars," believes that India should focus on areas such as electric vehicles and medical technologies to challenge Chinese manufacturers, as the smartphone segment is relatively saturated. Miller suggests that India could establish its own smartphone ecosystem by collaborating with American, Taiwanese, or Japanese firms to produce Indian brands using Indian-manufactured components. He also highlights the opportunities in sectors such as electric vehicles and medical devices where India-made products can displace Chinese vendors.
View Source
Bhavish Aggarwal’s new entity Krutrim SI Designs in talks to raise up to $100 Mn
Entrackr
·
1y ago
Medial
Bhavish Aggarwal's new venture, Krutrim SI Designs, is in discussions to raise funds, aiming for $50 million to $100 million. The startup, with Tenneti Venugopala Krishnamurthy as co-founder, will likely support Ola Electric's operations, focusing on silicon chips, cloud infrastructure, and AI models. Matrix has pledged $15 million, joined by existing and new Ola investors. Aggarwal is also exploring AI startup acquisitions. Ola Electric has expanded, launching new scooter variants and plans to enter electric bike manufacturing.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in