Fidelity, Nomura said to line up bids for Ola Electric's India IPO

Fidelity, Nomura said to line up bids for Ola Electric's India IPO

FILE PHOTO: Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu, India, August 15, 2023. REUTERS/VarunVyas Hebbalalu/File Photo

SoftBank-backed Indian e-scooter maker Ola Electric is set to draw investor bids from Fidelity, Nomura and Norway’s Norges Bank, as well as several Indian mutual funds, two sources with direct knowledge told Reuters.