Bhavish Aggarwal reveals how Ola Electric became leading EV maker in India
Ola Electric Mobility launched India's first EV company IPO, targeting USD 734 million. The SoftBank-backed firm highlighted its vertically integrated manufacturing and core R&D strategy. CEO Bhavish Aggarwal noted the industry's shift toward EVs. IPO funds will reduce debt and support manufacturing and R&D expansion, including new electric motorcycles set for FY 2025-26 delivery.