Ola Electric's $740 Million IPO Set for August, Aiming for $4-4.25 Billion Valuation

• Ola Electric, led by Bhavish Aggarwal and backed by Softbank, is preparing to launch its IPO in the first half of August.
• This IPO will be the first by an Indian EV two-wheeler maker, marking a significant milestone for India's auto sector.
• The company aims to raise around $740 million through a mix of fresh issue and offer for sale.
• The targeted post-money valuation is between $4-4.25 billion, providing a lucrative opportunity for investors.
• This move could encourage other EV companies like Ather Energy to explore similar value unlocking strategies.

Source: Moneycontrol