Ola Electric stock is seeing a gain of up to 8% during early trading on Wednesday. This recently listed electric vehicle manufacturing company has launched scooters in the commercial segment. The stock is now up 19% from its 52-week low of November 22. The company on Tuesday launched the Gig and S1 Z range of scooters, whose price range has been fixed at ₹ 39,999 - ₹ 64,999.

Apart from this, the company has also launched an inverter called PowerPod, which will work on portable battery. The price of this PowerPod is ₹ 9,999.

With this launch, the company has entered the commercial vehicle segment. The idea of ​​Gig has been taken from the work and needs of gig workers. The price of Gig scooter has been fixed at ₹ 39,999 and Gig + at ₹ 49,999 (ex-showroom). The company issued a statement in this regard and said that their new range of scooters will be available for business-to-business (B2B) purchases and rentals. For traveling in urban areas, the company has also launched the S1 Z model, which is priced at ₹ 59,999. After the launch, Ola Electric founder Bhavesh Aggarwal said that these scooters will also have the facility of portable battery, which will also be helpful in meeting the electricity needs at home with the help of PowerPod. Booking of these scooters will be possible for only ₹ 499 and their delivery will start in April 2025 and May 2025. Citi's opinion on Ola Electric after launch After this launch, global brokerage firm Citi also released a note on this stock. In this note, Citi has also set a target price of ₹ 90 per share with a Buy rating on the stock. In the note, the analyst of the brokerage firm said that the company will wait for profits on the basis of scale, technology and backward integration. The reach of EV in India is only 6%. Its reach in China is up to 65%. The company's market share in the EV2 wheeler business is 38%. They like Ola Electric more because of Bajaj Auto and TVS Motors. The brokerage firm said in the note that vertical integration and large-scale production are positive for the company. The company is also going to launch a motorcycle soon and will launch it in E3W, which will boost the volume. The outlook for the company regarding service is currently negative, but it will change going forward. Increase in capacity utilization will show improvement in profits. The note said that this target price has been set due to EV/sales being 4 times for FY26. Performance of Ola Electric Share Ola Electric shares were listed on 9 August. Its issue price was ₹ 76 per share. The stock is down about 3.3% from the issue price so far. However, a few days after listing on August 20, the stock managed to reach a 52-week high of ₹ 157.40 per share. But, on November 14, it also slipped to a price of ₹ 69.54 per share.