Ola Electric, the electric vehicle arm of Ola, launched two new ranges of scooters - Gig series and S1 Z series - targeting both gig workers and urban commuters. Along with the scooters, Ola also announced the Ola PowerPod, an inverter that uses their portable batteries to power household appliances. The stock price of Ola Electric jumped by 8% on November 27, marking a 19% recovery from the 52-week low. Founder Bhavish Aggarwal said that these new products will make energy more efficient and provide flexibility in both mobility and household usage.
Ola Electric Unveils New Scooter Series and Home Energy Solution
Ola Electric, a subsidiary of Indian ride-hailing giant Ola, has made its foray into the electric scooter market with two new product lines: the Gig series and the S1 Z series. These scooters are designed to meet the needs of both gig workers and urban commuters.
The Ola Gig and S1 Z Series
The Gig series comprises three models: Gig, Gig+ and Gig Pro. These scooters are specifically tailored for gig workers, such as delivery and ride-sharing personnel. They feature a high load capacity, sturdy construction and a removable battery pack for easy charging.
The S1 Z series, on the other hand, is aimed at urban commuters who prioritize style, performance, and range. It includes two models: the S1 Z and the S1 Pro. These scooters boast impressive acceleration, top speeds of over 100 km/h, and a claimed range of up to 141 km on a single charge.
Ola PowerPod: A Portable Energy Solution
Alongside the scooters, Ola Electric also unveiled the Ola PowerPod, an innovative home energy solution. The PowerPod is a portable inverter that utilizes Ola's proprietary portable batteries to power household appliances. This allows users to store electricity from the grid or solar panels and use it during power outages or when needed.
Market Reaction
The launch of the new products was met with enthusiasm by investors. Ola Electric's stock price jumped by 8% on November 27, indicating strong market confidence in the company's future prospects.
Background of Ola Electric
Ola Electric was founded in 2017 by Bhavish Aggarwal, the co-founder and CEO of Ola. The company is headquartered in Bengaluru, India, and has manufacturing facilities in Tamil Nadu and Rajasthan. Ola Electric has a strong focus on innovation and technology, and it aims to make electric vehicles more accessible and affordable for the masses.
Top 5 FAQs
1. What is the difference between the Gig series and the S1 Z series of scooters?
2. What is the range of the Ola S1 Z Pro scooter?
3. How does the Ola PowerPod work?
4. What are the key features of the Ola Gig+ scooter?
5. What is the price of the Ola S1 Z scooter?
The Indian government has stepped in to support its exporters amidst high tariffs imposed by the US. This includes providing assistance and facilitating access to domestic buyers for exporters. However, India may face challenges in the coming months with additional tariffs on Russian oil, impacting its export growth to the US.
After nearly four days of striking and thousands of passengers being stranded, the Canadian Union of Public Employees (CUPE) and Air Canada have reached a tentative agreement, bringing a halt to the strike. The airline plans to gradually resume flights starting Tuesday evening, but warns that it could take up to a week before operations return to normal. The deal, still to be ratified by union members, addresses key issues such as pay and hours, and is described as bringing "transformational change" for workers and the industry. Passengers are advised to only head to the airport if they have confirmed bookings.
Indian equity markets saw a positive start on Thursday, September 18, 2025 due to the US Federal Reserve's decision to cut interest rates by 25 basis points. The Sensex and Nifty indices opened with significant gains, with major tech companies like Infosys and HCL tech leading the pack. However, Bajaj Finance and other financial institutions faced some losses in the opening session. With Gift Nifty indicating a positive start and strong investments by Foreign and Domestic Institutional Investors, experts predict better market conditions in the coming days.
After nearly four days of cancelled flights and stranded passengers, Air Canada has reached a tentative agreement with the union representing its cabin crew. The company plans to resume operations gradually on Tuesday evening, but it could take a week for full service to resume. The deal, which still needs to be ratified by union members, includes "transformational change" for workers and the industry. Passengers are advised to only head to the airport if they have confirmed bookings.
The US Federal Reserve announced a 25 basis point cut in interest rates, which was widely expected by economists and investors. The decision was approved by a stronger than expected 11-1 vote, signaling unity within the central bank. The US markets reacted positively to the news, with the Dow Jones and Nasdaq trading higher. The impact of this rate cut on Indian markets is yet to be seen, but Nifty futures suggest a gap-up opening.
As VMS TMT Ltd. prepares to launch its initial public offering, the grey market premium for its mainboard issue is already showing signs of high demand. The company, which manufactures TMT Bars and deals in scrap and binding wires, is set to go public on Wednesday, September 17. With the GMP currently at Rs 23 per share, investors are estimating a potential listing gain of 23.23% per share. The company is offering 1.5 crore shares at a price band of Rs 94 to Rs 99 per share, with a minimum investment of Rs 14,850 for retail investors.
Despite President Trump's dismissal of a top Federal Reserve official, investors shrugged off concerns and pushed stocks higher. The Dow, S&P 500, and Nasdaq all finished the day in positive territory, with the Dow hitting a new record closing high. While the move to remove the official raises questions about the Fed's independence, investors are focused on upcoming economic indicators, including a report on inflation and highly anticipated earnings reports from tech giants like Nvidia. Meanwhile, the digital currency Bitcoin continues to struggle, dropping below $110,000 for the first time in two weeks.
In an effort to reduce reliance on China for key minerals used in advanced technologies, India is exploring partnership with a rebel group in Myanmar to secure rare earth samples. The Ministry of Mines has directed state-owned and private companies to collect samples from Kachin Independence Army-controlled mines and test them in domestic labs. This move comes in light of China's recent export restrictions on rare earth magnets, causing disruptions in global supply chains.
Oracle chairman Larry Ellison, who hails from the Bronx, has surpassed Tesla CEO Elon Musk as the richest person in the world with a net worth of $405 billion. This jump in wealth was reported by Barron's on Wednesday, putting Ellison ahead of Musk's net worth of $390 billion. This milestone marks a shift in the top spot amongst the world's wealthiest individuals.
The US Producer Price Index fell 0.1% in August, bucking expectations of a rise and indicating a potential slowdown in overall economic growth. The decline was driven by a slump in the cost of services, particularly within wholesalers and retailers. The news has led to a drop in Treasury yields and solidifies expectations of an interest rate cut by the Federal Reserve next week.