Promising IPO Landscape: Ola Electric Leads, Hyundai, Bajaj Housing Finance, NSDL Follow
The purchase window for the electric vehicle has been closed now, however, it will reopen before Diwali on November 1.
The company said an advance of Rs 20,000 have to be paid by customers for purchasing the electric scooters, and the rest before shipment
The company is making a foray into the traditional two-wheeler market, with a competitive entry price of Rs. 99,999
The ride-hailing aggregator said the allocation rewards its high impact employees and will lead to long-term wealth creation for them
Ola said the first phase of the Future factory is nearing completion shortly, following which production trials of the Ola Scooter will commence.
Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola offers services in India, Australia, New Zealand, and the UK.
Once completed, the Ola e-scooter factory will create nearly 10,000 jobs and is expected to be the world's largest scooter manufacturing facility