The Ola Electric IPO will include an issue of fresh stock with CEO Bhavish Aggarwal and SoftBank selling up to 47.4 million and 23.9 million shares respectively.
Ola had in September last year said it was looking to expand into Latin America, ASEAN and European Union countries after entering India’s neighbour Nepal first. aaa
Bhavish Aggarwal, CEO of Ola Electric, in a tweet, said, “Building some cars,” and posted an image with a heavily blurred image of a car in the background.