Ola Electric shares experienced rising demand leading to the Roadster X launch because investors received both market updates and detailed earnings information.
Shares of Ola Electric Mobility under Bhavish Aggarwal experienced a 2% boost when investors reacted to the upcoming release of the Roadster X electric motorcycle. The Gen 3 S1 electric scooter range experienced its success peak on January 31 before the company introduced new products. Ola Electric received a positive opening share value at its February 5 start due to investor trust being displayed.
Ola Share Performance
The initiation of Ola Electric’s trading for the day indicated a 1.67% growth in share value with total weekly appreciation reaching 13.40% raising the market price to Rs 75.75. The share value dropped by 2.90% in the previous month while the current market price remains at Rs 75.69. The market value of Ola Electric amounts to Rs 31,770 crore and keeps its highest and lowest 52-week prices within the Rs 157.40 and Rs 64.60 ranges.
Report on Earnings
Ola Electric’s financial results for the third quarter, which ends in FY25, will be revealed on February 7. Shareholders will learn about the third-quarter performance when the IPO launches in August 2024. During this day, the Board examines Ola Electric’s unaudited financial accounts from October to December for the third quarter of 2024.
Roadster X Specs
Ola Electric starts its electric motorcycle entry through the mass release of the Roadster X model. In August 2024, Ola Electric displayed its pre-production models before announcing the standard production models today. The Roadster X comes in three battery packages including the 2.5 kWh battery which delivers a 118 km range and the 3.5 kWh battery which provides a 252 km range and the largest 4.5 kWh battery extending the range to 501 km. The starting price for base models will begin at Rs. 74,999 while the top specification will cost up to Rs 1,54,999.
Gen 3 S1 Recap
Ola Electric initiated its launch of the Roadster X by releasing the Gen 3 S1 electric scooter range on January 31. Ola Electric introduced three new versions of electric scooters which start at Rs 79,999 and reach their maximum price point at Rs 1,69,999 through the S1 Pro+ variant with a 5.3 kWh battery pack.
IPO Background
The August 9, 2024 stock market introduction of Ola Electric resulted from their IPO subscription period between August 2 and August 6 and generated approximately Rs 6,145.56 crore through sales at between Rs 72 and Rs 76 per share. The share prices showed market enthusiasm when they started trading at Rs 76 on the NSE and Rs 75.99 on the BSE.
The launching of Ola Electric’s Roadster X motorcycle creates strong anticipation among investors and consumers who want to witness the company’s next moves in India’s expanding electric vehicle industry.
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Ola Electric Unveils the Roadster X and X+ Electric Motorcycles: Price, Specs, and Features
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