{“data”:{“gallery”:[],”web_story”:[{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/Fh18f9i6o9G0hQibQmDH.png”,”title”:”Know the key details of Ola Electric’s upcoming Rs 5,500 crore IPO “,”desc”:””,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/Fh18f9i6o9G0hQibQmDH.png”,”title”:””,”desc”:”Last week, EV maker Ola Electric reportedly filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds via IPO.”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/r4P98BtL4OLz3gmQZRYa.png”,”title”:””,”desc”:”According to DRHP, The startup aims to raise Rs 5,500 crore through an initial public offering (IPO). nn”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/BTsZhwD2iCr3eoBZnNPX.png”,”title”:”Who are the selling shareholders?”,”desc”:”The IPO comprises a fresh issue of equity shares and an OFS of up to 95.2 million shares. Bhavish Aggarwal along with Indus Trust and other major investors like Alpha Wave, Alpine Opportunity, Tiger Global, and SoftBank, will participate in the OFS. Aggarwal is set to divest 47.4 million shares, making him the largest seller in the OFS.nn”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/c1iQSMVjccuVXJlXn6HS.png”,”title”:””,”desc”:”While Bhavish Aggarwal is the single largest shareholder in the company, SoftBank is the largest external shareholder with a 21.98% stake, followed by Tiger Global, which holds a 6.03% share. ANI Technologies, Indus Trust, and Alpha Wave have stakes of 4.35%, 3.85%, and 3.49%, respectively. Matrix Partners, Hyundai, and Temasek own 3.43%, 2.95%, and 3.02% of the shares in the company, respectively.nn”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/esHkpoKr3hAOpA5agbrR.png”,”title”:”How will Ola Electric utilize the raised proceeds?”,”desc”:”Ola Electric plans to expand the capacity of its cell manufacturing plant, repaying or pre-paying existing debts, investing in research and product development, and supporting organic growth initiatives. “,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/HekPzZauR8a5Im6X6brq.png”,”title”:”Surge in losses”,”desc”:”Despite a seven-fold surge in revenue to Rs 2,631 crore in the fiscal year ending March 2023, Ola Electric’s losses increased by 87.76% to Rs 1,472 crore. “,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/vWIKLnw0z9KapYDH7dMj.png”,”title”:””,”desc”:”The company, however, has shown robust sales figures, selling over 300,000 vehicles since its launch and achieving a market share of 32% in India’s electric two-wheeler sector. “,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/aOhxziJTE5P8Y0cERHK4.png”,”title”:””,”desc”:”Ola Electric is not only focusing on expanding its scooter line but also plans to introduce a motorcycle lineup by the end of next year. n”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/esHkpoKr3hAOpA5agbrR.png”,”title”:””,”desc”:”However, the company acknowledges potential challenges, including continued operating losses in the near term due to investments in business expansion and product portfolio diversification.”,”cta_link”:”https://indianstartupnews.com/news/ola-electric-to-launch-ipo-soon-files-drhp-with-sebi-to-raise-rs-5500-crore-2049581″,”cta_text”:”Read Full Story”}]},”content_html”:””,”template”:”1″,”story_animation”:”fly-in-bottom”}

{“data”:{“gallery”:[],”web_story”:[{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/Fh18f9i6o9G0hQibQmDH.png”,”title”:”Know the key details of Ola Electric’s upcoming Rs 5,500 crore IPO “,”desc”:””,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/Fh18f9i6o9G0hQibQmDH.png”,”title”:””,”desc”:”Last week, EV maker Ola Electric reportedly filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds via IPO.”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/r4P98BtL4OLz3gmQZRYa.png”,”title”:””,”desc”:”According to DRHP, The startup aims to raise Rs 5,500 crore through an initial public offering (IPO). nn”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/BTsZhwD2iCr3eoBZnNPX.png”,”title”:”Who are the selling shareholders?”,”desc”:”The IPO comprises a fresh issue of equity shares and an OFS of up to 95.2 million shares. Bhavish Aggarwal along with Indus Trust and other major investors like Alpha Wave, Alpine Opportunity, Tiger Global, and SoftBank, will participate in the OFS. Aggarwal is set to divest 47.4 million shares, making him the largest seller in the OFS.nn”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/c1iQSMVjccuVXJlXn6HS.png”,”title”:””,”desc”:”While Bhavish Aggarwal is the single largest shareholder in the company, SoftBank is the largest external shareholder with a 21.98% stake, followed by Tiger Global, which holds a 6.03% share. ANI Technologies, Indus Trust, and Alpha Wave have stakes of 4.35%, 3.85%, and 3.49%, respectively. Matrix Partners, Hyundai, and Temasek own 3.43%, 2.95%, and 3.02% of the shares in the company, respectively.nn”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/esHkpoKr3hAOpA5agbrR.png”,”title”:”How will Ola Electric utilize the raised proceeds?”,”desc”:”Ola Electric plans to expand the capacity of its cell manufacturing plant, repaying or pre-paying existing debts, investing in research and product development, and supporting organic growth initiatives. “,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/HekPzZauR8a5Im6X6brq.png”,”title”:”Surge in losses”,”desc”:”Despite a seven-fold surge in revenue to Rs 2,631 crore in the fiscal year ending March 2023, Ola Electric’s losses increased by 87.76% to Rs 1,472 crore. “,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/vWIKLnw0z9KapYDH7dMj.png”,”title”:””,”desc”:”The company, however, has shown robust sales figures, selling over 300,000 vehicles since its launch and achieving a market share of 32% in India’s electric two-wheeler sector. “,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/aOhxziJTE5P8Y0cERHK4.png”,”title”:””,”desc”:”Ola Electric is not only focusing on expanding its scooter line but also plans to introduce a motorcycle lineup by the end of next year. n”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/esHkpoKr3hAOpA5agbrR.png”,”title”:””,”desc”:”However, the company acknowledges potential challenges, including continued operating losses in the near term due to investments in business expansion and product portfolio diversification.”,”cta_link”:”https://indianstartupnews.com/news/ola-electric-to-launch-ipo-soon-files-drhp-with-sebi-to-raise-rs-5500-crore-2049581″,”cta_text”:”Read Full Story”}]},”content_html”:””,”template”:”1″,”story_animation”:”fly-in-bottom”}