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Ola Electric likely to drive in IPO at a lower valuation of $4.5 billion.
Ola Electric, the SoftBank-backed electric vehicle (EV) maker, is likely to pursue a valuation of approximately $4.5 billion in its upcoming initial public offering (IPO), marking about 18 per cent decrease from its last funding round valuation of around $5.5 billion, according to industry sources.
The Bhavish Aggarwal-founded firm aims to file for the IPO by next month, according to people familiar with the matter.
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