Ola Electric Shares Jump Over 9% Following New Announcements

Ola Electric, a company making electric scooters, saw its stock price go up by over 9%.

This is because the company announced the launch of new scooter models, including a new S1 Pro Sport.

They also made a new motor that doesn't need rare earth magnets, which can be hard to get.

Ola is also releasing new versions of its scooters with new batteries and software.

However, the company reported a net loss and a decrease in revenue in the first quarter of the year.