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Ola Electric Plans $700m IPO Filing, Targets Early 2023 Roadshows

  • Ola Electric to submit regulatory documents for a $700-million IPO by end of October.
  • Supported by Temasek and SoftBank, the e-scooter leader was recently valued at $5.4 billion.
  • Despite reporting a $136m operating loss in the fiscal year ending March 2023, Ola Electric anticipates IPO roadshows in early 2023.
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