Friday, 31 January 2025

Focus on Ola Electric Mobility

FILE PHOTO: The Ola company logo is seen on one of its electric scooters, ahead of the company's IPO launch in Mumbai, India, July 29, 2024. REUTERS/Francis Mascarenhas/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Ola Electric launches electric motorbikes days after going public

In a bid to break scooters' popularity, Ola Electric motorbikes launched to capture the two-wheeler market in India.

Bhavish Aggarwal, CEO of Ola Cabs and founder of Ola Electric speaks to people ahead of Ola Electric's listing ceremony at the National Stock Exchange (NSE) in Mumbai, India, August 9, 2024. REUTERS/Francis Mascarenhas
BusinessElectric Vehicles (EVs)IndustryManufacturingNewsTransport

India’s Ola Electric surges 20% on debut on EV optimism

Ola Electric's shares surged 20% on their Mumbai debut, valuing the company at $4.8B, as investors bet on India's growing EV market.

People talk in front of the Ola Electric logo during a press conference ahead of it's IPO launch in Mumbai, India, July 29, 2024. REUTERS/Francis Mascarenhas
BusinessElectric Vehicles (EVs)FinanceIndustryManufacturingNewsTransport

Ola Electric to raise $734 million in India’s biggest IPO this year

Adoption of clean vehicles is still low in India but is steadily rising as Prime Minister Narendra Modi continues to push clean energy.

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