<p>Mumbai: E-scooter maker Ola Electric has received regulatory approval to go ahead with its $660 million Initial Public Offering (IPO), said two sources with direct knowledge, paving the way for the country's first ever EV stock listing.</p><p>SoftBank and Temasek-backed Ola had filed its papers with India's Securities and Exchange Board of India last December for approval, in a deal meant to help it expand operations.</p>.Ola's AI platform to compete with global companies in building energy-efficient data centres: Founder.<p>Ola now plans to list its shares by mid July, and in coming days will reach out to investors to assess demand for its issue, both sources said.</p><p>Ola and SEBI did not reply to requests for comment.</p><p>It already met global investors in roadshows earlier this year, but will "re-discuss terms and explain the business," the second source said.</p><p>The company is India's biggest e-scooter maker in the relatively small but fast-growing space and competes with TVS Motor , Bajaj Auto and Ather Energy. It was last valued at $5.4 billion in September 2023.</p>
<p>Mumbai: E-scooter maker Ola Electric has received regulatory approval to go ahead with its $660 million Initial Public Offering (IPO), said two sources with direct knowledge, paving the way for the country's first ever EV stock listing.</p><p>SoftBank and Temasek-backed Ola had filed its papers with India's Securities and Exchange Board of India last December for approval, in a deal meant to help it expand operations.</p>.Ola's AI platform to compete with global companies in building energy-efficient data centres: Founder.<p>Ola now plans to list its shares by mid July, and in coming days will reach out to investors to assess demand for its issue, both sources said.</p><p>Ola and SEBI did not reply to requests for comment.</p><p>It already met global investors in roadshows earlier this year, but will "re-discuss terms and explain the business," the second source said.</p><p>The company is India's biggest e-scooter maker in the relatively small but fast-growing space and competes with TVS Motor , Bajaj Auto and Ather Energy. It was last valued at $5.4 billion in September 2023.</p>