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As electric scooter sales soar in India, Ola moves

July 17,2023

As electric scooter sales soar in India, Ola moves on with its IPO plan.

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The Indian business Ola Electric Mobility Pvt. has grown at a breakneck rate since it began delivering electric scooters for sale in late 2021. The company has a 38 percent market share in India's electric scooter sector and is backed by Tiger Global Management and SoftBank Group Corp. Data from Manufacturers of Electric Vehicles shows that since December 2021, Ola has sold approx.

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