Ola Electric IPO: PL said that while Ola Electric’s business and growth prospects are the same, its profitability could also be an important consideration. One of the largest players is in India.
The local brokerage said that while Ola Electric’s business and growth prospects are good, its profitability could also be an important consideration. PL said: “We believe that it will take 2-3 years for the scooter and battery business to deliver good and profitable results.” It is developing its own batteries and aims to put them in its scooters by the end of 2026.
PL said it will focus on trimming the edges and working on integrating its batteries. Will grow 35-40% by 2030. 49,41,997 equal shares, total value of which will be a price ceiling of Rs 645.56 crore. The IPO will begin on August 2. PL said the facility is currently in the testing phase of 1.5 GwH and aims to operate the second phase of 5 GwH capacity by April 2025, with expansion plus 20 GwH capacity in the next few years.
As part of its ongoing growth plan, Ola Electric will invest Rs 1,600 billion in research and development, utilise Rs 800 billion for debt servicing and Rs 350 billion for marketing, particularly in the scooter business. > Ola Electric said it is likely to reduce unemployment in the near term as it invests in the business, expands its products, builds capacity and scales up operations.
Product details include launch of Ola S1 Pro, Ola S1 Air, Ola S1 X+, Ola S1 X (2 kWh), Ola S1 X (3 kWh) and Ola S1 X (4 kWh) and Ola Expands Its strategy to increase its sales footprint in the global auto market could increase operating costs.
“Ola Electric wants to maintain the health of its products in regions like Asia, Latin America and Africa and is expected to meet the needs of the regions. In the long run, the company is part of the scooter and scooter business. It will have the experience in the battery business and will help reduce costs.