Valuation Likely To Be Set At $4.5 Bn

In its last funding round of $384 Mn in October last year, led by Singapore’s investment firm Temasek, Ola Electric was valued at $5.4 Bn

While the final valuation is still subject to change, it is unlikely to reach CEO Bhavish Aggarwal’s $6 Bn target

Ola Electric filed its DRHP in December last year and received SEBI’s nod for the public issue last month

Electric vehicle (EV) maker Ola Electric is reportedly likely to be valued at around $4.5 Bn for its upcoming IPO, a decline of 16-20% from its last funding round. 

In its last funding round of $384 Mn in October last year, led by Singapore’s investment firm Temasek, Ola Electric was valued at around $5.4 Bn. However, Reuters cited a source as saying that this valuation is expected to drop due to a “recalibration” of tech stock valuations globally. 

While the final valuation is still subject to change, it is unlikely to reach the $6 Bn target that Ola Electric’s founder, Bhavish Aggarwal, had hoped for the…