Ola Electric Shares Surge on New Scooter Launch

Ola Electric is making waves in the electric vehicle market with the launch of its new Gig and S1 Z range of scooters. The announcement has led to a significant surge in the company's stock price.

The new scooters are designed to cater to a wide range of customers, from urban commuters to rural users. Key features of the new range include removable batteries, durable construction, and affordable pricing. The Gig series is specifically designed for commercial use, while the S1 Z series targets both personal and commercial use.

The Ola Gig offers a range of 112 km and a top speed of 25 kmph. It is equipped with a 1.5 kWh battery and a hub motor. The Ola Gig+ boasts a higher top speed of 45 kmph and a range of up to 157 km with dual batteries.

The Ola S1 Z and S1 Z+ models are geared towards performance and style. They offer top speeds of 70 kmph and impressive acceleration times. The S1 Z+ comes with larger 14-inch wheels for enhanced stability.

Ola's innovative PowerPod technology allows the scooter's battery to be used as a portable power source, enabling it to power various household appliances.

This latest launch solidifies Ola's position as a major player in the electric vehicle market. With its focus on affordability, durability, and innovative features, the company is well-positioned to attract a diverse customer base.