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Posted in Startups

Ola Electric IPO: Ola Electric IPO pricing likely at about 25% lower than private valuation of $5.4 billion: sources

Ola Electric is expected to launch its public offering for subscription in the next few weeks at a discounted valuation of around $4 billion, a…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

Ola Electric customers: Ola Electric says it will reimburse charger amount to all eligible customers

Electric vehicle maker Ola Electric said that it will reimburse the amount collected from customers for chargers. The decision comes after Ola came under government…

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zoho: Zoho India FY22 profit rises 43% to Rs 2,748.83 crore
Posted in Startups

fame: FAME II subsidies for two EV makers stopped until they submit proof of localisation

The government has stopped processing pending FAME-II subsidy claims of two electric vehicle (EV) makers until these companies submit sufficient evidence to show their compliance…

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zoho: Zoho India FY22 profit rises 43% to Rs 2,748.83 crore
Posted in Startups

fame-ii scheme: ETtech Explainer: Why is government’s FAME-II scheme for EV companies likely to be pulled off?

The Indian government is considering pulling the plug on its Rs 10,000-crore Faster Adoption and Manufacturing of Electric Vehicles (EV) in India or FAME-II scheme…

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