Ola Electric Mobility Pvt. is poised for an IPO sooner than the founder expected, reflecting the Indian startup’s rapid growth since it began selling electric scooters in late 2021.
“I thought it would take me four to six years of sales to go public,” founder and chief executive officer Bhavish Aggarwal said in an interview while sipping Vietnamese iced coffee in New Delhi’s bustling Connaught Place. “Now I feel it will be much sooner. Ola Electric has grown and matured faster than I initially planned because the market reaction has been very strong.”
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