EV Mechanica

Subscribe to EV Mechanica's Current Newsletter & never miss an update!

    Close Menu
      Facebook X (Twitter) Instagram
      EVMechanicaEVMechanica
      EVMechanicaEVMechanica
      • Home
      • News
        • E-Mobility
        • EV Battery
      • Charging Stations
      • Policy
      • Research
      • Interview
      • Jobs
      • Events
      • E-Mag
      • Subscription
      Facebook YouTube LinkedIn WhatsApp
      EVMechanicaEVMechanica
      Home » Ola Electric Goes Public: Converts to Public Ltd before IPO Filing

      Ola Electric Goes Public: Converts to Public Ltd before IPO Filing

      AbdullahBy AbdullahNovember 20, 2023 News 2 Mins Read
      Share
      Facebook Twitter LinkedIn WhatsApp

      According to regulatory papers, as Ola Electric prepares to go public in the coming months, the company has undergone a corporate restructure to transform itself from a private limited company to a public company.

      Ola Electric Goes Public: Converts to Public Ltd before IPO FilingThe conversion of a private limited company into a public company is a mandatory step for a company that wants to list on the stock exchange.

      The name of the firm has been changed to Ola Electric Mobility Limited from Ola Electric Mobility Private Limited, the regulatory filings showed.

      Ola Electric is India’s leading manufacturer of electric vehicles (EVs) and stands to have a market share of almost 35%, as per the press release.

      Recently, the company announced the successful closure of Rs 3,200 crore of funding as a part of its equity and debt rounds raised from Temasek-led investors and project debt from the State Bank of India, respectively. The funds raised would be utilized towards the expansion of Ola’s EV business and setting up India’s first lithium-ion cell manufacturing facility in Krishnagiri, Tamil Nadu.

      Ola Electric was selected by the government as the only Indian EV company under its cell PLI scheme, receiving a maximum capacity of 20 GWh. The ACC PLI scheme will be instrumental in making India self-reliant and localising the most critical aspects of the EV value chain.

      Share. Facebook Twitter LinkedIn WhatsApp
      Abdullah

      More article from Abdullah

      Keep Reading

      Bihar Set to Deploy 150 Electric Buses August

      Tesla Unveils Oasis Supercharger with Solar, Off-Grid Batteries

      Heybike Galaxy series debuts with sleek, powerful e-bikes

      Leave A Reply Cancel Reply

      thirteen − three =

      E-MOBILITY

      Bihar Set to Deploy 150 Electric Buses August

      July 4, 2025

      Heybike Galaxy series debuts with sleek, powerful e-bikes

      July 4, 2025

      Mahindra launches XEV 9e Pack Two in India

      July 4, 2025

      Matter aims to sell 10,000 electric motorcycles in 2025

      July 4, 2025

      Articles

      Delhi’s Fuel Ban Flip-Flop: A Policy Failure in Motion

      Introduction: A Capital Confusion Delhi government took a U-turn on its decision to implement the…

      India’s Largest Electric Bus Procurement Signals a Green Public Transit Revolution

      The Government of India has introduced the largest electric mobility project to date the procurement…

      Delhi’s Vehicle Age Ban: A Harsh Road to Clean Air or Policy Misfire?

      The government took fairly bold action to address Delhi’s chronic air pollution crisis by implementing…

      © 2025 EVMechanica.com.
      • Home
      • About Us
      • Contact Us
      • Subscription

      Type above and press Enter to search. Press Esc to cancel.