Ola Electric's Rs 5,500 cr IPO to bolster its EV market, say experts

Ola Electric’s initial public offering (IPO), of Rs 5,500 crore, is essentially aimed at ensuring the company maintain its top position in the electric two-wheeler segment, with incumbent players TVS and Bajaj Auto giving a fight to the number one player in 

market share.
 

Most experts and competitors say the amount being raised is in line with the investment required to expand the electric-vehicle (EV) business.
 

There are two discernible trends in the competitive electric two-wheeler market. One is the incumbent players are gaining market share and the gap between Ola and the two together is reducing.
 

Two, the penetration of