Ola Electric Shares Surge on Debut as Investors Bet on Increasing EV Adoption

Ola Electric Shares Surge on Debut as Investors Bet on Increasing EV Adoption

ByNews Polite

Ola Electric Mobility’s shares surged 20% on their trading debut in Mumbai on Friday, valuing the company at $4.8 billion, as investors bet on increasing adoption of electric vehicles in the world’s largest market for two-wheelers. The stock had listed flat to its initial public offering (IPO) price of 76…

Ola Electric Founder’s AI Startup Krutrim Becomes India’s First AI Unicorn

Ola Electric Founder’s AI Startup Krutrim Becomes India’s First AI Unicorn

ByNews Polite

Krutrim, the AI startup founded by serial entrepreneur Bhavish Aggarwal, has gained unicorn status after securing $50 million in funding from investors including Matrix Partners India. It becomes the first Indian AI startup to gain a billion-dollar valuation, a mere month after debuting a large language model, the firm said…

Ola Electric CEO Bhavish Aggarwal Says Scooter Fires Rare, but Can Happen in Future

Ola Electric CEO Bhavish Aggarwal Says Scooter Fires Rare, but Can Happen in Future

ByNews Polite

There may be more fires in electric scooters in the future but such incidents are very rare, the chief executive of India’s Ola Electric said at a private company event, after safety concerns were heightened by a fire in one of its scooters in March. Ola’s e-scooter fire was among…