Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion

Ola Electric's IPO will open for retail subscription on August 2, the EV maker has confirmed via a regulatory filing. The stock offering is set to value the company between $4.2 billion to $4.4 billion, about 18.5% to 22% lower than in its last funding round in September, two people familiar with the matter told Reuters.