Ola Electric Faces Investor Pushback on Valuation for Upcoming IPO
Ola Electric Mobility Ltd., India’s premier electric scooter manufacturer, is hitting a roadblock as it gears up for its much-anticipated initial public offering (IPO). Investors are pushing back against the company’s ambitious valuation target. Founder Bhavish Aggarwal has been eyeing a valuation of up to $7 billion for the Mumbai listing. However, initial feedback suggests…
