HomeStartupOla Electric clocks highest registration of 30,000 scooters in November

Ola Electric clocks highest registration of 30,000 scooters in November

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Ola rocked October with 20,000 electric scooters sold
  1. Ola Electric recorded its highest monthly registrations of 30,000 electric scooters in November, attributing the surge to strong festive demand.
  2. The company dominated the electric scooter market in November with a 35% share, outperforming competitors like Ather Energy, Okinawa Autotech, and others.
  3. It introduced an expanded scooter portfolio, including models like Ola S1 Pro, S1 Air, and S1X variants catering to diverse customer preferences.
  4. Corporate restructuring is underway to prepare for an anticipated Initial Public Offering (IPO) estimated between $800 million to $1 billion.
  5. Recent funding rounds, accumulating approximately Rs 3,200 crore, have raised Ola Electric’s valuation to $5.5 billion, signaling its growth and market potential.

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