Ola Electric files IPO papers, here’s how electric two-wheeler industry stacks up
Bhavish Aggarwal is the founder and CEO of the company, which has plans to raise Rs 5,500 crore from the IPO which comprises of fresh issue of shares and offer for sale (OFS).
Source: Twitter
Till November this year, Ola Electric had sold more than 2 lakh electric scooters, leaving behind Ather and Bajaj by a huge margin in the race. The company is on track to cross the 3 lakh-mark
Source: Ola Electric
While TVS Motor Co, with sale of 1,62,399 units, has a 19.60 per cent share in E2W markets, Ather Energy, with sale of 1,01,940 units, has a 12.30 per cent share in the electric vehicles market-VAHAN
Source: Ola Electric
Bajaj Auto, which sells the Chetak electric scooter continues to be on the third spot and has increased its margin against Ather Electric. The company sold 11,681 scooters in November 2023
Source: Ola Electric
Hero MotoCorp, which has an EV by name of VIDA V1 for European markets, emerged as the fastest growing company in November. The company sold 3,031 scooters in November 2023, up from 1,914 scooters