Technology
Ola Electric has been listed on India’s largest stock exchange for two years

Shares of Ola Electric, India’s largest electric two-wheeler maker, surged 20% in its stock market debut on Friday, making it the largest offering by an Indian company in two years.
Shares of the Bengaluru-based company, whose investors include SoftBank and Temasek, rose to ₹91.18 (around $1.1) after opening trade at ₹76, the upper end of its IPO price range. The company filed to list at a valuation that was 26% lower than the $5.4 billion it achieved in an October 2023 funding round and well below the $6.5 billion-$8 billion range it had originally targeted for the IPO.
The company’s shares are currently valued at ₹90, giving Ola Electric a market capitalization of $4.75 billion.
Ola Electric has emerged as a dominant player within the Indian electric two-wheeler market, having fun with a 46% share of the sector. Ola launched its first electric scooter in December 2021 and sold over 330,000 units within the fiscal yr ended March 2024.
The company will not be yet profitable, though. In the last fiscal yr, it reported a net lack of ₹16 billion (about $200.5 million) and an EBITDA lack of ₹13 billion (about $162.8 million) on annual revenue of ₹50 billion (about $626.3 million).
The company is investing in vertical integration to raised control quality, supply and costs – it has initiatives to develop its own battery cell technology, in addition to construct production capabilities. It plans to expand production capability to twenty GWh by Q2 2026.
The electric vehicle market in India is poised for significant growth. Investment, banking and research firm Macquarie expects electric two-wheelers to regularly increase their share of the two-wheeler market within the country, estimating market penetration rates of seven%, 10%, 13% and 16% in fiscal 2025, 2026, 2027 and 2028, respectively.
This is in stark contrast to Ola Electric’s way more optimistic forecast for electric two-wheelers: in its IPO prospectus, the corporate expects the category to realize a market share of 41%-56% by fiscal yr 2028.
Recent reductions in government subsidies for electric two-wheelers have impacted the sector’s growth trajectory. Despite this, the Indian EV market has seen some consolidation, with the Herfindahl-Hirschman Index (HHI), a measure of market concentration, rising to 2,810 in June 2024 from 1,200-1,330 in fiscal 2022-23. This is higher than the two,160 for traditional combustion engine-powered two-wheelers.
Technology
Leap Hee launches the 1-to-in-innd-second-mobile application, giving home owners better access to equity

Fintech Real Estate Investment Company Leap AnalyticsAlso often known as Leap Hee, he announced the launch of a brand new and progressive mobile application designed to revolutionize the access of home owners and home equity management,
The application allows users to apply for 3 several types of capital capital contracts (Heas) directly on the phone, providing a wealth of comprehensive housing resources. The general director and founding father of Leap, Ashley Bete, claims that the recent application helps home owners make smarter financial decisions without connecting.
“Our new mobile application revolutionizes how home owners gain access to home owners and use their own capital,” said Bete. “By offering three types of hea at your fingertips, together with a package of tools related to the apartment, we authorize home owners to make very informed financial decisions, while releasing the capital potential of their most valuable assets.”
In addition to having Hea-Zarówno in 10-year contracts, in addition to 30-year contracts-at your fingertips, the functions of application supporting the travel of home owners include access to the financial library, financial analyzes and tools, similar to Simulator Improvement Simulators, similar to the Improvement Improvement simulator.
While the purpose of the application is to solve significant problems on the housing market, similar to the effects of redlining and gentrification, Bete said that it’s also consistent with the company’s mission involving the education of home owners in the scope of fixing real estate industry, while ensuring tools for extracting capital from homes, reduction of debt and increasing the renewal of monetary faith. “The LEAP application is a significant progress in the Leap mission to close the gaps in the field of wealth and apartments, and at the same time promoting financial health through innovative household solutions,” he said.
The mission can also be consistent with the findings of how American house owners have been blocked before billions in their very own capital, without even knowing it. AND Recent studies conducted by Home Equity Investment Company Point showed that home owners The risk is blocked before access to $ 731 billion in their very own capitalwhich many depend on, due to a decrease in the resulting credit scoring Loss of labor, according to.
In 2024, the total American domestic capital reached USD 34.7 trillion, which is a rise of 80% since 2020. However, a big a part of this housing wealth stays “closed”.
Applicant Leap Juune Lucero from California said that he would “recommend Leap” after the designation of the company’s home capital contracts as a wonderful alternative to expensive options.
“They helped me and my family to improve our personal finances,” said Lucero. The Munashe Shumba technology director shared similar moods, adding that the application “helps property owners intelligently manage homes and increase their value” with recommendations based on data on “necessary services”.
Download the LEAP mobile application on iOS and Android platforms.
(Tagstranslate) FINTECH (T) Home Equity (T) Leap Hea (T) ASHLEY BETE (T) Leap Analytics (T) Mobile application
Technology
Tesla starts “supervised FSD” tests

Tesla began testing its autonomous driving service with Austin and Bay Area employees before the planned premiere of Robotaxi this summer.
“FSD supervised driving service is live for an early set of employees in Austin & San Francisco Bay Area”, company Published Wednesday on X.
FSD means “full local government”, which is a sophisticated Tesla controller support system available to Tesla owners via a subscription that may perform automated driving tasks. The system that requires the driving force to carry his hands on the wheel isn’t yet in a position to run autonomously. Thousands of Tesla owners are already traveling with the supervised FSD. The announcement of Tesla on Wednesday focuses on adding the “Robotaxi” application, which can theoretically be utilized by owners from outside Tesla to return the vehicle within the fleet.
Before starting, overcoming employees is a normal procedure on this planet of autonomous driving. For example, Waymo uses the same textbook when it enters the brand new market. During the business premiere and after weeks of testing and not using a driver, Waymo will open his service for workers before he invited some members of society.
Tesla plans to launch the Robotaxi service in Austin in June, which the corporate repeated on Tuesday when merging with earnings in the primary quarter. The automaker has not provided many other details concerning the connection, for instance, when it expects charging for rides. The most colourful director of Elon Musk was to say that he expected to introduce from 10 to twenty vehicles on the “first day” of services in Austin.
And while Tesla made a splash last yr after he debuted together with his concept of Cybercab-Futourist-looking robotaksi built and not using a steering wheel or pedal-firma is prepared to begin operating with the present vehicle portfolio.
Tesla’s promotional film has released Wednesday, shows Sedan Model 3, which was equipped with a screen on the back for passengers, which displays information, resembling the estimated arrival time, climate and music control and an emergency stop button.
The reservation at the underside of the film is: “The security driver is present to supervise and intervene only if necessary. FSD (supervised) does not make the vehicle autonomous.”
In January, Musk said that there can be no drivers within the premiere of Austin Tesla, which can depend on the “unattended” version of the FSD. He also said at the moment that Tesla would implement FSD software without supervision for Tesla owners in California and other markets this yr.
It isn’t clear whether Tesla continues to be planning to launch a completely autonomous service in Austin from the primary day, or whether Tesla will take a more measured approach by keeping the protection driver within the front seat for safety reasons.
In California, the autonomous corporations of the vehicle need various permits. Until now, Tesla has only permission to autonomous testing with a security driver.
(Tagstranslate) Elon Musk
Technology
Uber customers can now earn Delta Skylile from rides or deliveries

Members of Delta Skys within the United States can now start earning points after they go along with Uber or order via Uber Eats as a part of the recently announced exclusive partnership between each corporations.
The reference to Delta was designed to further adapt the large riding at airports, which was historically a lucrative segment for Uber. The riding company also announced on Tuesday plans to expand the brand new product to the airport at a reasonable price to Atlanta at successful launch in New York.
The game at Uber airport appears at a time when market uncertainty, lower consumer trust and increased borders control lead many Americans to Reverse expenditure on travel This 12 months.
Perhaps such uncertainty signifies that now, greater than ever, customers given prices must find ways to play the system. Uber customers who joined the waiting list will have the option to attach their accounts from Tuesday and everybody else can start Thursday.
Here’s how Uber users with memberships of Delta Skyles can accumulate miles after connecting their accounts:
- Uber Je: 1 mile per dollar spent on orders over USD 40.
- Airport rides: 1 mile per dollar spent on Uberx rides on the airports.
- Premium rides: 2 miles for dollar spent on Uber Comfort or Uber Black.
- Uber Reserve: 3 miles for a dollar spent on Ubers reserved prematurely.
Uberr, riders cannot arrange miles by booking on the airport, but Uber spokesman said that the shopper would get skymes from a journey, which supplies the best prize.
In addition to the flexibility to get miles, Uber and Delta, they integrate in other ways. Customers who buy a flight using the Fly Delta application will have the option to cope with Uber reserve reservation in order that they can reserve a ride to the airport airport. And this 12 months, Skymile members who log in to Wi -Ifi during their flights will receive a 30% discount on reserving Uber for pickup after they land.
(Tagstotransate) delta
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