NEW YORK, Aug 9 — India’s youngest billionaire Bhavish Aggarwal could double his wealth through a planned market offering of his Ola Electric Mobility Ltd, in a spectacular...
Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai October 25, 2023. — Reuters picNEW YORK, Aug 9 — India’s youngest billionaire Bhavish Aggarwal could double his wealth through a planned market offering of his Ola Electric Mobility Ltd, in a spectacular turnaround just two years after a fiery demonstration of his firm’s electric vehicles.
The possible windfall is predicated largely on Ola Electric’s “unicorn” status after securing a US$1 billion valuation in 2019 after securing an early investment from SoftBank Group Corp. Aggarwal, known for his entrepreneurial ventures and outspoken nature, has already joined the ranks of billionaires under 40.
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