In its first trading session on Friday, shares of Ola Electric shot up 20%, valuing the Indian electric car startup at almost $4.8 billion.

Ola Electric raised almost $730 million through its initial public offering in Mumbai by pricing its shares at 76 rupees, or 91 cents. Reuters claims that it is the largest listing in India for this year.

By 3:52 p.m. local time, the value of the shares was approximately 91.20 rupees.

The company’s first-day increase is the result of investors’ bets that it will emerge as a major player in India’s electric vehicle market at a time when the government is taking steps to support the sector.

Just two and a half years ago, Ola Electric, a manufacturer of electric scooters, shipped its first unit.

In India, two-wheelers are the most widely used form of transportation. According to research from McKinsey & Co., electric two-wheelers in particular are predicted to make up 60% to 70% of all new scooter sales in India by 2030.

As it gets ready to release its first electric motorcycle product in the second half of 2025, Ola Electric is attempting to capitalize on this trend.

Like Tesla, the venture was started by well-known businessman Bhavish Aggarwal and bills itself as a corporation that can handle everything from design to manufacture and batteries.

However, as of right now, it doesn’t seem like the corporation has any intentions to enter the auto industry.

Temasek, an investment group based in Singapore, and SoftBank are two well-known investors in Ola Electric.

The business stated that it intends to utilize the profits from the initial public offering (IPO) to finance the growth of its gigafactory battery production, pay down debt, and increase research and development.

In the year that concluded on March 31, the company’s sales increased by 90% on an annual basis, but its losses increased. The business hasn’t made any money yet.

Aggarwal is also a co-founder of Ola Cabs, an Indian ride-hailing service.

The prospect of debris from another spacecraft colliding with the International Space Station posed a terrifying situation. This was the outcome of a Russian satellite that had been deactivated that had fragmented into at least 100 pieces in orbit. The station’s crew sought refuge as best they could, anticipating an impact from the dangerous circumstances.

“USSPACECOM has observed no immediate threats and is continuing to conduct routine conjunction assessments to support the safety and sustainability of the space domain. As such, USSPACECOM has notified commercial, governmental, Allied and partner organizations via Space-Track.org, to include Russia as the satellite owner.” the U.S. Space Command said in a statement regarding the situation and the possible threat to the International Space Station that was posted on X. In order to include Russia as the satellite owner, USSPACECOM has informed commercial, governmental, Allied, and partner groups via Space-Track.org.

Thankfully, it seems that the International Space Station is safe at this time and that any possible crisis has been avoided. “Mission Control continued to monitor the path of the debris, and after about an hour, the crew was cleared to exit their spacecraft and the station resumed normal operations,” U.S. Space Command said in confirmation of this.

On June 26, the Russian spacecraft known as RESURS-P1 broke apart, throwing more than 100 bits of debris into Earth’s low orbit. The satellite weighed 13,200 pounds and was traveling 220 miles above Earth when it broke apart. It is enough to suggest that the possible consequences of such an object colliding with the International Space Station may have been disastrous.

That was obviously a frightening time to be on the International Space Station, and sadly, it’s not something they’re not used to either. There have been previous instances where a Russian satellite has put other people in danger. In order to test an anti-satellite missile system, Russia purposefully destroyed one of its own Soviet-era satellites back in 2021. The crew of the space station was also forced to seek cover as a result of this disaster, as the aftermath sent thousands of debris pieces hurtling across space.

Some are wondering if the RESURS-P1 breaking apart was part of another Russian missile test given that historical history. Back in 2021, NASA sent a reprimand to Russia for this behavior, highlighting how dangerous it was for the safety of astronauts in space at the time. It’s unclear what kind of punitive measures Russia would face if it becomes out that its direct activities put the International Space Station in peril once more.

Experts have conceded, nevertheless, that the RESURS-P1 might have simply disintegrated as a result of a space collision or a satellite battery explosion. Without a doubt, more investigation into the incident will be done to ascertain its cause. Everyone seems to be concentrating on how relieved they are that there is no threat to the security of people who are on board the International Space Station right now.

The United Nations passed a resolution banning the testing of anti-satellite missile systems following the 2021 incident. Even after learning about the danger it posed at the time, Russia was among the countries that voted against that move, indicating that they do not support it.

But whether they would genuinely want to break such an arrangement is debatable. NASA would undoubtedly be upset even if the International Space Station sustained damage because of its significant scientific significance. This is true even if no one on board is hurt. What what caused the most recent Russian satellite to be destroyed is still unknown.

Equipped for playing in midfield and assault, Matos highlighted for Norwich’s Under-18s and Under-21s last season. For the latter, he scored three goals in the Premier League 2.

Matos, who played for England as a schoolboy, moved to Norwich from Luton Town in 2016. Shortly after turning 16, he scored in his first appearance for the Canaries’ youth team against Arsenal.

The 18-year-old found the middle value of an objective contribution for each game – five objectives, six helps – in his initial 11 appearances at that level and turned into an ordinary for Norwich’s Under-18s during the 2022/23 mission, in which he was likewise given his presentation for the Under-21s.

Welcome to Chelsea, Alex!