Ola Electric has received approval from the Securities and Exchange Board of India (SEBI) for its ₹7,250 crore Initial Public Offering (IPO). This green light allows the electric vehicle manufacturer to proceed with its public listing plans. The IPO will comprise fresh issuance of shares worth ₹1,600 crore and an offer for sale of up to ₹4,700 crore by existing shareholders. The proceeds are expected to fuel the company's expansion and bolster its market presence. Ola Electric's move aligns with the increasing demand for sustainable transportation solutions in India.