Despite this recovery, the October figure still falls short of the company’s earlier market shares, which were 32 per cent in August, 39 per cent in July, and 49 per cent in June
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This program is aimed at taking the EV revolution further into tier II and III cities, including urban pockets where EV penetration still remains low
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Ather Energy, which specialises in electric scooters, is aiming to use the proceeds from the IPO to establish a new electric two-wheeler factory in Maharashtra
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Company's EBITDA loss stood at Rs 205 crore, with an adjusted gross margin of Rs 377 crore
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Kotak Mahindra Capital Company, Citigroup Global Markets India, BofA Securities India, Goldman Sachs (India) Securities, Axis Capital, ICICI Securities, SBI Capital Markets, and BOB Capital Markets are the book running lead managers and Link Intime India is the registrar to the offer
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The IPO is expected to be launched at a valuation of around USD 4 billion, a decrease from the USD 5.4 billion valuation achieved after a USD 140 million funding round by Singapore’s sovereign wealth fund Temasek in September 2023
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Ola Electric's last funding round in September, led by Singapore's investment firm Temasek, valued the company at USD 5.4 billion
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The company has now amassed over USD 1 billion in equity and debt, with its latest valuation at USD 5.5 billion
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