Ola Electric raised $734 million in its IPO, signaling strong investor interest in Indian EVs.
The company is building the world’s largest two‑wheel EV factory, capable of producing 10 million electric scooters annually.
Ather Energy recently raised $71 million, achieving unicorn status, and has collected over $125 million in the last three months.
Listed EV stocks delivered 50‑200% returns to public‑market investors over the past 12 months.
The EV segment is projected to hit $34.8 billion in 2024.
It is expected to grow at a rate of 26% annually, reaching $110.74 billion by 2029.
I advise Indian EV founders to prepare their pitches now, as the combination of IPO proceeds, sizable funding rounds, and robust public‑market performance mirrors crypto‑style funding booms and points to an imminent surge in capital.