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Октябрь
2024

Ola Electric's market cap falls below $5 billion for the first time since listing

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Ola Electric's market capitalisation fell below $5 billion for the first time since its August listing, amidst a decline in scooter sales due to service, software, and hardware issues. CEO Bhavish Aggarwal announced plans to double service centres by December. Shares dropped over 42% from their listing high.



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