OLA Electric IPO Could Short-Circuit Your Investments? | OLA Electric IPO review

Today we will discuss the third and most important reason why you should not subscribe to the OLA Electric IPO, which no financial analyst will tell you...!!

Everyone says EVs are the future... but are they really? According to research, EVs also contribute to carbon pollution because charging the batteries requires electricity, which is often generated using coal or natural gas. Now, hydrogen is becoming a viable alternative to EVs, and hydrogen cars are already in production. Smart investors are now shifting their money from EVs to hydrogen vehicle manufacturing companies. This trend is also reflected in Tesla's share price over the past year
40% of the cost of an EV scooter is its battery, which lasts only 3-4 years. For a customer who uses their scooter for short distances, this is not economically viable. Based on future prospects, we would rate it 1/5.

So, what are you planning to do about the OLA Electric IPO? Let us know in the comments.

About Ola Electric Limited:

Ola Electric Mobility Private Limited generates its revenue primarily from the sale of scooters, vehicle accessories, spare parts for vehicle repairs, chargers, and related services.
It is one of the key players in India's electric vehicle (EV) industry and has highest market share of 40.1% as of December 2023.
Ola Future factory is India's largest automated E2W manufacturing plant with an installed capacity of one million units per year. Ola Electric plans to double its electric vehicle manufacturing capacity from one million units per annum to two million units per annum by May 2024.

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