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Ola Electric's shares surge in trading debut, company valued at $4.4 billion
Ola Electric Mobility's shares rose by 10% on its trading debut, reaching a valuation of $4.40 billion. Despite impressive sales growth, the company remains unprofitable. Proceeds from its $734 million IPO will fund research and development, with a focus on producing its own battery cells by 2025 to increase scooter affordability.
Ola Electric Mobility's shares rose by 10% on its trading debut, reaching a valuation of $4.40 billion. Despite impressive sales growth, the company remains unprofitable. Proceeds from its $734 million IPO will fund research and development, with a focus on producing its own battery cells by 2025 to increase scooter affordability. 
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