Regardless of where you are in the world, if you’re an electric mobility enthusiast, chances are you’ve heard of Ola Electric. The startup has made waves across the world, despite operating only in India thanks to its affordable S1 electric scooters that tout innovative and smart technology. Its visionary founder and CEO, Bhavish Aggarwal, has been compared to Elon Musk on multiple occasions, thanks to his vision for the future of e-mobility.
Back in June, 2023, we reported that Ola Electric had plans of going public. Now, some two months later, it appears that the company will go public sooner than it anticipated. In a report by Bloomberg, Ola CEO Bhavish Aggarwal stated, “I thought it would take me four to six years of revenue to go public.” For reference, Ola’s been selling scooters in India since 2021, and in just two short years, has managed to amass enough revenue to go public before 2023 draws to a close – or so the company hopes.
