Ola needs to allay EV range anxiety, chart growth sans subsidy

Ola Electric Mobility aimed to secure ₹5,500 crore for its Gigafactory and R&D via a fresh issue, with an additional ₹646 crore through an offer for sale. Founder Bhavish Aggarwal's stake would reduce to 37% post-IPO. The company, dominant in the electric two-wheeler sector, reported operating losses in FY24. High-risk investors might find the IPO appealing.