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Hello reader,
I’m a big believer in electric bikes, far more so than electric cars.
Living in Vietnam’s capital Hanoi means I’ve adopted a “two wheels good, four wheels bad” mantra, thanks to the many reckless car drivers this city seems to have.
It’s also far easier to imagine the future of urban mobility being smaller scooters and bikes. Let’s face it – many major cities in Asia lack the infrastructure to handle the cars already on the road, never mind adding millions more.
Ola Electric went public in its home country of India last Friday, and in the weeks and months running up to the offering, I had seen this IPO described as a test for whether investors have faith in India’s electric vehicle market.
Reading today’s Big Story by my colleague Samreen tells me that viewing the company’s IPO as a test for the whole market is a little simplistic. Ola Electric may be the market leader at home, but it has stiff competition to maintain that spot, and work to do to improve its bottom line, no matter how successful the IPO is.
— Peter
THE BIG STORY
Image credit: Timmy Loen
Curves ahead for IPO-bound Ola Electric
Ola Electric may be hard-pressed to keep its market leadership as legacy players continue to target the two-wheeler EV market.
3 Trends to keep an eye on
Hot stocks, earnings reports, restructuring, pressure from activist investors, and more.
Image credit: Timmy Loen
1️⃣ One hell of a commute: What’s the furthest you’ve ever traveled for a job? The answer is probably less than 500 kilometers.
2 Eye-popping facts
The one you didn’t see coming
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