https://techcrunch.com/2023/12/22/india-ola-electric-files-for-662-million-ipo/

India’s Ola Electric seeks to raise $661.8 million in an initial public offering, the Bengaluru-headquartered startup said in draft papers filed with the country’s market regulator on Friday.

The paperwork for the initial public offering follows Ola Electric raising $384 million from Temasek and Indian government-backed lender State Bank of India in a debt-heavy funding round in late October. The startup, which has raised nearly $1 billion over the years, was valued at $5.4 billion in the October financing, TechCrunch reported earlier.