Ola Electric gets bids worth $1.8b in India's first EV IPO

Ola Electric gets bids worth $1.8b in India's first EV IPO

People talk in front of the Ola Electric logo during a press conference ahead of it's IPO launch in Mumbai, India, July 29, 2024. REUTERS/Francis Mascarenhas/ File Photo

Ola Electric’s IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India.