Ola Electric manufactures EVs and core EV components such as battery packs and motors at Ola Futurefactory -- manufacturing facility in Krishnagiri.
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Ola Electric investors are at odds with the company’s initial valuation as the company tries to raise funds to build the world’s largest EV hub in South India.
Ola Electric manufactures EVs and core EV components such as battery packs and motors at Ola Futurefactory -- manufacturing facility in Krishnagiri.
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The company became the latest electric vehicle start-up to fail to meet investors’ expectations after a high-profile public debut.
Ola Electric received market regulator Sebi (Securities and Exchange Board of India) nod for its intial public offering (IPO).
Having introduced over 140 products in India over the last eight years, the company plans to invest ₹7,500 crore between 2020 and 2025.