Latham Advises Ola Electric on Its US$730 Million IPO in India

Latham & Watkins has advised Ola Electric, India's leading manufacturer of electric vehicles (EVs), on its US$730 million initial public offering (IPO) on the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE). The IPO represents the first by an electric vehicle maker in India and the country's biggest this year.

The Latham team was led by Singapore partner Rajiv Gupta, with associates Sirada Chayabunjonglerd, Esha Goel, and Chaitrika Bellana. Advice was also provided on tax matters by Chicago partner Enrique Rene de Vera.

ABOUT OLA ELECTRIC

Ola Electric is an EV company building toward a brighter, safer, and greener future, and making India the world’s EV hub by creating an ecosystem with products, services, and technology that will define the next frontier of innovation.

ABOUT LATHAM’S INDIA PRACTICE

With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.