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Ola Electric was established in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. [11] [12] The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2017 by setting up charging stations across the city and procuring electric cabs, e-buses, and e-rickshaws ...
Bhavish Aggarwal (born 28 August 1985) is a Indian entrepreneur. He is the co-founder and CEO of Ola Cabs, founder of Ola Electric [1] and founder of OlaKrutrim, a large language model artificial intelligence (AI) company which became India’s first AI unicorn in 2024 an estimated valuation of $1 billion.
ANAND Group was founded by Deep C Anand, and named after the founder. The company manufactures automotive components. [3] The company is responsible for introducing different kinds of automotive equipments into the Indian market. [4]
Ola Electric's IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India. The SoftBank ...
BENGALURU (Reuters) -SoftBank-backed Ola Electric Mobility's shares rose 10% in their trading debut on Friday, valuing the company at 369.45 billion rupees ($4.40 billion) after the first stock ...
August 5, 2024 at 6:13 AM. By Nandan Mandayam and Kashish Tandon. BENGALURU (Reuters) -Ola Electric's $734 million initial public offering (IPO) was fully subscribed on the second day of bidding ...
ANI Technologies[3] Website. www.olacabs.com. Ola Cabs(stylized as OLΛ) is an Indian transportation companythat provides ride-hailingservices and operates other business verticals such as financial services and cloud kitchens. It is headquartered in Bangalore, and operates in 250+ Indian cities.
NEW DELHI (Reuters) -SoftBank-backed Indian e-scooter maker Ola Electric is likely to value the company at around $4.5 billion for its initial public offering (IPO), around 16%-20% lower than the ...
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