Shares of Ola Electric are zooming ahead, with double-digit gains on Wednesday.
This has pushed the stock’s five-day gains to nearly 30%. But what’s behind this surge?
The answer lies in the launch of Ola Gig and the S1 Z range – the most affordable electric scooters yet.
With prices starting at 39,999 rupees, the Ola Gig range of scooters is specifically targeted at gig economy workers, competing with players like Yulu.
It also features the PowerPod, a portable battery pack that doubles as a home inverter!
The stock market has given its thumbs up to the new Ola Electric scooter, rewarding the stock handsomely.