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Bengaluru-headquartered electric vehicle company Ola Electric is restructuring its corporate structure to convert itself from a private limited company to a public company.
The conversion of a private limited company into a public company is a mandatory step for a company that wants to list on the stock exchange. The name of the company has now been changed to Ola Electric Mobility Limited from Ola Electric Mobility Private Limited.
Recently, the EV
The company has been long planning to go public, and according to industry
At present, Ola Electric has close to 35 percent market
It was also shortlisted under the central government’s ambitious cell PLI scheme, receiving a maximum capacity of 20 GWh. The ACC
Ola Electric recently expanded its scooter portfolio to five products, with prices ranging from Rs 89,999 to Rs 147,499. Unveiled as part of Ola’s annual flagship event last month, the S1 Pro, S1 Air, S1X+, S1X (3kWh), and S1X (2kWh).
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