Ola Electric Mobility Ltd

 Ola Electric Mobility today announced the launch of its Navratri Mahotsav, a limited period festive campaign offering benefits of over Rs 30,000 across its S1 scooter and Roadster motorcycle portfolio. As part of the nine-day celebration of Chaitra Navratri, the company has rolled out a range of offers including cash discounts, extended warranty, and instant cashback options. Adding to the festive momentum, Ola Electric will also host daily 90-minute Muhurat windows featuring limited units of select models at special, limited-time prices. Building on a strong customer response to its recently introduced upgrade initiative, Ola Electric has also announced the expansion of its Ola Insider Upgrade Program to 60% of its customer base across India. Initially launched as a pilot in select cities, the program has seen thousands of enquiries and will now be scaled to cover all Gen 1 and Gen 2 Ola Electric customers, enabling them to seamlessly upgrade to the company's latest Gen 3 products. Starting today, Ola Electric is rolling out a suite of limited-period festive offers across its portfolio: Festive Benefits on S1: Customers can avail a ₹9,999 cash discount along with an 8-Year Extended Warranty across the S1 range during the nine auspicious days of Navratri. Roadster Range: The Roadster motorcycles will be available at revised prices, complemented by an 8-Year Extended Warranty. Muhurat Mahotsav: Each day will feature a 90-minute Muhurat window with limited units of the S1 Pro+ 4 kWh priced at ₹99,999 and the Roadster X+ 4.5 kWh at ₹79,999. Cashback: Up to ₹10,000 instant cashback on EMIs on select credit cards Ola Electric currently offers a comprehensive portfolio of Gen 3 S1 scooters and Roadster motorcycles. The premium S1 Gen 3 range includes the S1 Pro+ in 5.2kWh and 4kWh configurations and the S1 Pro in 4kWh and 3kWh configurations, priced at ₹1,80,338, ₹1,60,338, ₹1,39,999, and ₹1,19,999 respectively. The mass-market S1 X lineup includes the Gen 3 S1 X+ (4kWh) and Gen 3 S1 X in 2kWh, 3kWh, and 4kWh variants, priced at ₹1,09,999, ₹84,999, ₹88,999, and ₹1,04,999 respectively. The Roadster motorcycle portfolio includes the Roadster X+ in 9.1kWh and 4.5kWh configurations priced at ₹1,89,999 and ₹1,29,999 respectively, and the Roadster X in 2.5kWh, 3.5kWh, and 4.5kWh configurations priced at ₹99,999, ₹1,09,999, and ₹1,24,999 respectively.  Powered by Capital Market - Live

Ola Electric today announced the Champions Edition of its flagship 4680 Bharat Cell powered S1 Pro+ (5.2 kWh) scooter and Roadster X+ (9.1 kWh) motorcycle to commemorate India's historic third ICC Men's T20 World Cup victory. The limited Champions Edition will be available at the company stores and website from tomorrow till the end of April 2026. With the Champions Edition, the company aims to give fans a way to hold on to that moment and celebrate it every day. The Champions Edition S1 Pro+ and Roadster X+ feature a vibrant blue livery at no extra cost, marking the country's third T20 World Cup triumph, and celebrating the passion of millions of Indian fans. Powered by Capital Market - Live

Deliveries stood at 32,680 units in Q3 FY26, down 61.1% YoY from 84,029 units and down 37.9% QoQ from 52,666 units. Premium deliveries fell 79.3% YoY to 6,065 units and declined 54.8% QoQ. Mass segment deliveries dropped 51.4% YoY and 32.2% QoQ to 26,612 units. However, cells produced rose sharply to 72,418 units, up 90.2% QoQ from 38,080 units. On a consolidated basis, revenue from operations stood at Rs 470 crore, declining 55.0% YoY from Rs 1,045 crore and 31.9% QoQ from Rs 690 crore. Automotive and cell sales dropped 53.1% YoY and 35.5% QoQ to Rs 433 crore. Production-linked incentive income declined 69.4% YoY, though increased 94.7% QoQ to Rs 37 crore. Gross profit came in at Rs 161 crore, down 17.0% YoY and 24.4% QoQ. However, gross margin improved to 34.3%, compared with 30.9% in Q2 FY26 and 18.6% in Q3 FY25. Total operating expenses stood at Rs 432 crore, down 33.9% YoY, but up 3.8% QoQ. R&D expenses rose 124.1% YoY and 8.3% QoQ to Rs 65 crore. SG&A expenses declined 38.1% YoY and 4.4% QoQ, while other operating expenses fell 42.2% YoY but increased 5.6% QoQ. Adjusted operating EBITDA loss stood at Rs 323 crore, widening from Rs 258 crore in Q2 FY26 but improving from Rs 494 crore in Q3 FY25. Operating EBITDA margin was -68.7%, compared with -37.4% in Q2 FY26 and -47.3% a year ago. Net loss for the quarter stood at Rs 487 crore, widening from Rs 418 crore in Q2 FY26 but narrowing compared with Rs 564 crore in Q3 FY25. Cash flow from operations remained negative at Rs 575 crore in Q3 FY26, compared with a negative Rs 255 crore in Q2 FY26 and negative Rs 851 crore in Q3 FY25. Free cash flow stood at negative Rs 781 crore in Q3 FY26, compared with negative Rs 405 crore in Q2 FY26 and negative Rs 1,076 crore in Q3 FY25. In the automotive segment, revenue from operations stood at Rs 467 crore, down 55.3% YoY from Rs 1,045 crore and lower by 32.1% QoQ from Rs 688 crore. Adjusted operating EBITDA loss stood at Rs 167 crore, improving significantly from a loss of Rs 373 crore in Q3 FY25 but widening from a loss of Rs 102 crore in Q2 FY26. Adjusted EBITDA margin was -35.8%, broadly in line with -35.7% YoY, but weaker than -14.8% in Q2 FY26. In the cell segment, revenue from operations stood at Rs 9 crore, up from Rs 3 crore in Q3 FY25 and Rs 4 crore in Q2 FY26, reflecting scaling up of cell operations. Adjusted operating EBITDA loss widened to Rs 39 crore, compared with losses of Rs 8 crore in Q3 FY25 and Rs 27 crore in Q2 FY26. Adjusted EBITDA margin deteriorated sharply to -228.5%, versus -29.6% YoY and -100.0% QoQ. Ola Electric spokesperson said, Q3 FY26 marks a structural reset for Ola Electric. We chose to fix the fundamentals by restoring service execution, resetting our cost structure, and deepening vertical integration. The result is a leaner operating model with materially lower breakeven and industry-leading gross margins. With service metrics stabilising and our Gigafactory transitioning into commercial scale deployment, we are positioned to enter the next phase of growth with significantly improved operating leverage. Ola Electric Mobility is India's leading electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. Powered by Capital Market - Live

Deliveries stood at 32,680 units in Q3 FY26, down 61.1% YoY from 84,029 units and down 37.9% QoQ from 52,666 units. Premium deliveries fell 79.3% YoY to 6,065 units and declined 54.8% QoQ. Mass segment deliveries dropped 51.4% YoY and 32.2% QoQ to 26,612 units. However, cells produced rose sharply to 72,418 units, up 90.2% QoQ from 38,080 units. On a consolidated basis, revenue from operations stood at Rs 470 crore, declining 55.0% YoY from Rs 1,045 crore and 31.9% QoQ from Rs 690 crore. Automotive and cell sales dropped 53.1% YoY and 35.5% QoQ to Rs 433 crore. Production-linked incentive income declined 69.4% YoY, though increased 94.7% QoQ to Rs 37 crore. Gross profit came in at Rs 161 crore, down 17.0% YoY and 24.4% QoQ. However, gross margin improved to 34.3%, compared with 30.9% in Q2 FY26 and 18.6% in Q3 FY25. Total operating expenses stood at Rs 432 crore, down 33.9% YoY, but up 3.8% QoQ. R&D expenses rose 124.1% YoY and 8.3% QoQ to Rs 65 crore. SG&A expenses declined 38.1% YoY and 4.4% QoQ, while other operating expenses fell 42.2% YoY but increased 5.6% QoQ. Adjusted operating EBITDA loss stood at Rs 323 crore, widening from Rs 258 crore in Q2 FY26 but improving from Rs 494 crore in Q3 FY25. Operating EBITDA margin was -68.7%, compared with -37.4% in Q2 FY26 and -47.3% a year ago. Net loss for the quarter stood at Rs 487 crore, widening from Rs 418 crore in Q2 FY26 but narrowing compared with Rs 564 crore in Q3 FY25. Cash flow from operations remained negative at Rs 575 crore in Q3 FY26, compared with a negative Rs 255 crore in Q2 FY26 and negative Rs 851 crore in Q3 FY25. Free cash flow stood at negative Rs 781 crore in Q3 FY26, compared with negative Rs 405 crore in Q2 FY26 and negative Rs 1,076 crore in Q3 FY25. In the automotive segment, revenue from operations stood at Rs 467 crore, down 55.3% YoY from Rs 1,045 crore and lower by 32.1% QoQ from Rs 688 crore. Adjusted operating EBITDA loss stood at Rs 167 crore, improving significantly from a loss of Rs 373 crore in Q3 FY25 but widening from a loss of Rs 102 crore in Q2 FY26. Adjusted EBITDA margin was -35.8%, broadly in line with -35.7% YoY, but weaker than -14.8% in Q2 FY26. In the cell segment, revenue from operations stood at Rs 9 crore, up from Rs 3 crore in Q3 FY25 and Rs 4 crore in Q2 FY26, reflecting scaling up of cell operations. Adjusted operating EBITDA loss widened to Rs 39 crore, compared with losses of Rs 8 crore in Q3 FY25 and Rs 27 crore in Q2 FY26. Adjusted EBITDA margin deteriorated sharply to -228.5%, versus -29.6% YoY and -100.0% QoQ. Ola Electric spokesperson said, Q3 FY26 marks a structural reset for Ola Electric. We chose to fix the fundamentals by restoring service execution, resetting our cost structure, and deepening vertical integration. The result is a leaner operating model with materially lower breakeven and industry-leading gross margins. With service metrics stabilising and our Gigafactory transitioning into commercial scale deployment, we are positioned to enter the next phase of growth with significantly improved operating leverage. Ola Electric Mobility is India's leading electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. Powered by Capital Market - Live

Ola Electric Mobility will hold a meeting of the Board of Directors of the Company on 13 February 2026.Powered by Capital Market - Live

Ola Electric today announced the commencement of deliveries of Ola Shakti 9.1kWh, the country's first residential Battery Energy Storage System (BESS) solution powered by 4680 Bharat Cells. Deliveries of the 6kW/9.1kWh configuration of Ola Shakti have begun today in Bengaluru, and will be scaled up across India in the coming months. Ola Electric also announced that it has secured the Bureau of Indian Standards (BIS) certification for the 3kW/5.2kWh configuration of Ola Shakti , in continuation of the BIS certification received earlier for the 6kW/9.1kWh variant on January 15, 2026. With this, Ola Electric is now certified to manufacture and sell both versions of Ola Shakti across India. The 3kW/.5.2kWh variant underwent BIS mandatory certification in compliance with safety and environmental standards as per IS 16242 (PART1): 2025 / IEC 62040-1: 2017, including a comprehensive set of safety-critical evaluations covering short-circuit protection, overload protection, electric shock protection, electric energy hazard protection, environmental hazard protection, fire and thermal hazard protection, ingress protection, sonic pressure hazard protection, as well as wiring and connection safety.Powered by Capital Market - Live

In a regulatory filing, the company said Deepak Rastogi has been appointed chief financial officer with effect from 20 January 2026. He succeeds Harish Abichandani, who resigned from the post citing personal reasons, effective at the close of business on 19 January 2026. The company added that its board approved Rastogi's appointment at a meeting held on January 19. With over three decades of experience spanning finance, strategy and governance roles, Rastogi will also be designated as a key managerial personnel and will be part of Ola Electric's senior management team from January 20. Ola Electric Mobility is a leading Indian electric vehicle (EV) manufacturer engaged in the integrated development of EV technology and components, including battery cells. Its manufacturing facility, the Ola Futurefactory in Tamil Nadu, produces EVs and key components and is positioned as one of India's major EV hubs. On a consolidated basis, Ola Electric reported a net loss of Rs 418 crore in Q2 September 2025, compared with a net loss of Rs 495 crore a year earlier. Net sales fell 43.16% YoY to Rs 690 crore in the quarter. Powered by Capital Market - Live

Ola Electric today announced that it has secured the Bureau of Indian Standards (BIS) certification and license for Ola Shakti in 6kW/9.1 kWh battery pack powered by 4680 Bharat Cell. Ola Shakti is the country's first residential BESS (Battery Energy Storage System) solution which is designed, engineered, and manufactured in India. The BIS license has been granted in conformance to IS 16242 (PART1) : 2025/ IEC 62040-1: 2017 standard tested by a BIS recognized testing laboratory. As part of this certification, Shakti underwent a comprehensive set of electrical and mechanical safety critical tests, including short-circuit and overload protection, safeguards against fire and thermal hazards, protection from electric shock, environmental stress testing, sonic pressure hazard evaluation, mechanical hazard assessment, and other applicable tests in accordance with BIS standards. Ola Electric spokesperson said, 'With the BIS certification of शक्ति 9.1kWh, we are ready to deliver our first residential BESS units. This is an important step in our journey as we reimagine how India will store and consume energy. Ola शक्ति brings dependable, affordable, and smart energy storage to homes, farms, and businesses across the country. More than a product, it is a cornerstone of India's journey toward energy self reliance and a future driven by clean, decentralized, and on-demand power.'Powered by Capital Market - Live

 Ola Electric today announced the roll out of its first Shakti from its state-of the-art Gigafactory, in Krishnagiri, Tamil Nadu, marking a major milestone towards scaling-up 4680 Bharat Cell platform. Shakti marks the company's entry into the country's residential BESS market and takes the company beyond the automotive domain. It represents a fundamental shift in how Indians will access, control, and consume energy, as a portable, on-demand resource designed for modern Indian households, farms, and businesses. Shakti, developed and manufactured at Ola Electric's Gigafactory, represents the company's continued focus on innovation, localisation, and technological leadership. The milestone reflects years of sustained investments in R&D, advanced manufacturing processes, and supply-chain resilience. Ola Shakti delivers automotive-grade safety, high-efficiency, and zero running and maintenance costs. Unlike conventional lead-acid inverters or diesel generators, Shakti features instant 0 ms changeover time, operates across a wide input voltage range of 200V-240V protecting appliances from voltage fluctuations, and is spill-proof with IP67-rated batteries tested for dust, water, and monsoon conditions. Ola Shakti is available in four configurations: 1kW/1.5kWh, 1kW/3kWh, 3kW/5.2kWh, and 6kW/9.1kWh. The system can power air conditioners, refrigerators, induction cookers, farm pumps, and communication equipment, with charging times as fast as 2 hours and backup capacity of up to 1.5 hours on full load. The product is available for reservations on the Ola Electric website at Rs 999.Powered by Capital Market - Live

Ola Electric today announced that its flagship electric motorcycle, the Roadster X+ (9.1 kWh), powered by its indigenously developed 4680 Bharat Cell battery pack, has been approved under the Central Motor Vehicle Rules (CMVR), 1989 by the International Centre for Automotive Technology (iCAT), Manesar, a government testing agency. With this certification, Ola Electric will now begin deliveries of the Roadster X+ (9.1kWh), marking a significant milestone as it becomes the first electric motorcycle in India to be certified with a completely in-house developed 4680 Bharat Cell battery pack. The Roadster X+ 9.1kWh sets a new benchmark in electric motorcycling with an industry-leading range of up to 500 km, enabled by the high energy density and advanced thermal performance of Ola's homegrown 4680 Bharat Cell technology, making long-distance and inter-city riding practical beyond urban centres. By addressing range anxiety at a fundamental level, the Roadster X+ opens up electric motorcycling for riders beyond metros to Tier 2 and Tier 3 markets, where longer distances and limited charging infrastructure have traditionally been barriers to EV adoption. Powered by Capital Market - Live