Highlights

  • Ola Electric shares are surging
  • Ola shares surge with a significant boost driven by the launch of their new affordable electric scooters aimed at the gig economy

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With the introduction of the Ola Gig and S1 Z range, the company is setting its sights on capturing the 'affordable' segment of electric scooters

Ola Electric Shares Surge: Gig Economy Push Drives Bhavish Aggarwal's Stock

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.

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