SoftBank-backed Indian EV startup Ola Electric pops 20% on debut valuing firm at $4.8 billion
SFTBYSoftBank(SFTBY) CNBC·2024-08-09 18:33

Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO).The first-day surge comes as investors bet the company is poised to become a key player in India's electric vehicle market, at a time when the government is making moves to bolster the industry.Ola Electric priced its shares at 76 rupees (0.91)raisingthecompanymorethan0.91) raising the company more than 730 million via the initial public offering in Mumbai. It is the biggest l ...