Ola Electric Shares Surge on Debut as Investors Bet on Increasing EV Adoption
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Ola Electric Shares Surge on Debut as Investors Bet on Increasing EV Adoption 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 rupees before rising to 91.20 rupees in a broader market that was up 1%. Ola Electric&…