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This image shows a promotional banner for Ola Electric's Initial Public Offering (IPO). It features three riders, each on a different colored electric scooter (purple, blue, and red), moving across a stylized, colorful landscape. The background blends abstract shapes in green, orange, and blue, suggesting mountains and trees, creating a dynamic and eco-friendly theme. To the right, there's a prominent "IPO" sign in green with the Ola Electric logo above it, emphasizing the event. The overall design is modern and appealing, geared towards attracting investors and environmentally conscious consumers.

Ola Electric Secures SEBI Nod for ₹7,250 Cr IPO

By
Anurag Trivedi

Ola Electric has received SEBI's go-ahead for an IPO to raise ₹7,250 crore, enhancing its stance in the electric vehicle (EV) landscape. This IPO will consist of a new issuance worth ₹5,500 crore and an offer for sale amounting to ₹1,750 crore. The company is at the forefront of the EV market in India, particularly in the two-wheeler sector. The capital from this IPO is planned for extensive capital expenditures and for reducing debt, thereby boosting Ola's innovation efforts in EV technology. Furthermore, Ola intends to deepen its research and development to drive further advancements in electric mobility. This move is seen as a strategic effort to solidify Ola's presence in a fast-evolving industry.