Ola Electric of India Soars to $7B in Valuation Following the Launch of a New Moto
The top scooter manufacturer in India, Ola Electric Mobility, saw a 20% increase on August 16 and was valued at 586.64 billion rupees ($6.99 billion). The announcement coincides with the company’s impending launch of a new motorcycle brand and its intention to employ in-house batteries to cut expenses. Ola Electric’s motorcycle range, according to Morgan…