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in Tech

SoftBank-backed Indian EV startup Ola Electric pops 20% on debut valuing firm at $4.8 billion

by Editor August 10, 2024, 10:50 am 1.4k Views

SoftBank-backed Indian EV startup Ola Electric pops 20% on debut valuing firm at $4.8 billion

Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO).

Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images

Shares of Ola Electric surged 20% in their market debut Friday, valuing the Indian electric vehicle startup at around $4.8 billion.

Ola Electric priced its shares at 76 rupees (91 cents) raising the company more than $730…

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