Ola Electric Mobility Ltd. IPO

We are a pure EV player in India building vertically integrated technology and manufacturing capabilities for EVs and EV components. We manufacture EVs and certain core EV components at the Ola Futurefactory. We have delivered seven products and additionally announced four new products. We are ... building our EV hub in Tamil Nadu, India, comprising our Ola Futurefactory for EV manufacturing, our Ola Gigafactory for cell manufacturing, and co-located suppliers. We operate a direct-to-customer omnichannel distribution network across India, comprising 870 experience centres and 431 service centres as at March 31, 2024 Read more

E2Ws are at the forefront of the electrification of mobility in India due to their favourable total cost of ownership and the Indian government’s production-linked incentives and subsidies to promote domestic manufacturing and adoption of EVs. E2W penetration in India is expected to expand ... from approximately 5.4% of domestic 2W registrations in Fiscal 2024 to 41-56% of domestic 2W sales volume by Fiscal 2028, while the Indian E2W industry is expected to grow at a CAGR of 11% to reach a size of US$35 billion (?2.8 trillion) to US$45 billion (?3.6 trillion) in Fiscal 2028. Further, markets like Africa, LATAM and SE Asia provide a significant export opportunity for Indian E2W OEMs. Read more