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Ola Electric Mobility sees 20% valuation jump on motorcycle launch and battery plan

Ola Electric Mobility sees 20% valuation jump on motorcycle launch and battery plan

Aug 16, 2024, at 10:49 pm

India's leading e-scooter manufacturer, Ola Electric Mobility, saw its valuation soar by 20 percent on Friday, reaching Rs 58,664 crore ($6.99 billion), following the launch of its new motorcycle lineup and optimism about cost reductions through in-house battery production, media reports said.