Ola Electric to raise $662 million in India's first EV maker IPO

SoftBank-backed Indian e-scooter maker Ola Electric said on Friday it will raise 5,500 crore rupees ($662 million) in an initial public offering (IPO) that is tipped to be one of the country's biggest share sales next year. The offering, which is the first by an EV-maker in the country, will include an issue of fresh stock, with CEO Bhavish Aggarwal.