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Ola Electric: The scaling back of Ola s targets comes ahead of its USD 700 million stock market debut plan, even though the SoftBank-backed company, which likens itself to Tesla in the West, continues to lead the small yet fast growing e-scooter market.
India s Ola Electric has slashed its sales goals for 2023-2025 by more than half and delayed its target of achieving profits by a year, after reduced government incentives pushed up e-scooter.
The scaling back of Ola s targets comes ahead of its $700 million stock market debut plan, even though the SoftBank-backed company, which likens itself to Tesla in the West, continues to lead the small yet fast growing e-scooter market.