Ola Electric is expected to go public for $740 million in August, with a valuation objective of $4–4.25 billion.

The much-awaited initial public offering (IPO) of Bhavish Aggarwal’s Ola Electric, supported by Japanese financial giant Softbank, might happen as early as the first two weeks of August.

For the domestic car industry, the proposed listing—the first by an Indian EV two-wheeler—would be historic and inspire competitors like Ather Energy to take value-unlocking strategies into consideration.

“The firm is looking to raise around $740 million via a combination of a fresh issue and an offer for sale and is targeting a post-money valuation between $4-4.25 billion,”