Ola and Ola Electric plans to go public next year

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Indian ride hailing aggregator Ola has plans to go public sometime next year, but a final date for the initial public offering (IPO) is yet to be decided, said chairman and group CEO Bhavish Aggarwal.

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Both Ola and Ola Electric, the electric mobility arm of the group, have adequate capital and balance sheets and will go public in due course, Aggarwal told CNBC, adding that the company has not announced any IPO plans as of yet. Aggarwal stated that Ola will be first to go public since it is a more mature business.