Ola Electric Mobility Limited
Mirae Asset Mutual Fund reduced its stake in Ola Electric Mobility from 1.71% to 1.16%, selling over 2.54 crore shares.
India's electric vehicle manufacturer specializing in two and three-wheeler segments, Ola Electric produces complete electric vehicles alongside core components including battery packs, motors, and vehicle frames. The company operates vertically integrated manufacturing through its Futurefactory, controlling production from component manufacturing to final vehicle assembly. Founded in 2017, it addresses the growing demand for electric mobility solutions in India's commercial and personal transportation sectors.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.