OLA Electric IPO #ola #olabike #electricbike #electric #bike #reelsvideo #shorts #bhavishaggarwal

📢 IPO Alert! 🚀

OLA Electric manufactures electric vehicles (EVs) and core EV components in India. The company develops comprehensive technology and manufacturing capabilities for EVs and EV components, including battery packs, motors, and vehicle frames at the Ola Futurefactory. Its core business revolves around seizing opportunities arising from the demand for EVs in India. They also aim to explore potential exports of their EVs in selected international markets. Since its initial product announcement in August 2021, OLA Electric has introduced a total of four products and revealed plans for six additional ones. The Ola S1 Pro, their first EV model, began deliveries in December 2021, followed by subsequent models such as the Ola S1, Ola S1 Air, and Ola S1 X+. The company also announced new EV scooter models, Ola S1 X (2 kWh) and Ola S1 X (3 kWh), along with a lineup of motorcycles named Diamondhead, Adventure, Roadster, and Cruiser, on August 15, 2023.
Deliveries for these new models are planned in Fiscal year 2025 and 2026. Ola Electric is also setting up its EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu, India, which includes the Ola Futurefactory, Ola Gigafactory, and co-located suppliers in Krishnagiri district.

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