The chief executive of Indian ride-hailing startup Ola said that the company plans to go public in the first half of next year, Reuters reported. Ola CEO Bhavish Aggarwal revealed the IPO plans Thursday at the Reuters Next conference. SoftBank-backed Ola, which competes with Uber in India, plans to raise up to $1 billion in the listing, Reuters said. Aggarwal also said at the conference that...
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Data Point electric vehicles
Electric Vehicle Startups Face Cash Crunch
Startup makers of electric vehicles were one of the biggest beneficiaries of the SPAC party of 2020–21—and that fete is now well and truly in the hangover phase. At least a dozen EV startups have gone public since 2020, mostly by merging with a special purpose acquisition company, with grand ambitions to reinvent the way people and freight moved around. Now, at least...
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