Ola Electric Mobility Ltd

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

The company has received a sanction order from the Ministry of Heavy Industries, Government of India. The sanction pertains to the demand incentive for the determined sales value for FY2024-25, and authorises a payment of Rs 366.78 crore to be released through Industrial Finance Corporation of India (IFCI), the designated financial institution for disbursement under the scheme The PLI-Auto Scheme is a flagship initiative of the Government of India aimed at strengthening domestic manufacturing, encouraging advanced automotive technologies, and enhancing India's global competitiveness in the auto and auto components sector. Ola Electric spokesperson said, 'The sanction of Rs 366.78 crore under the PLI-Auto Scheme is a strong endorsement of Ola Electric's manufacturing capabilities and our commitment to building world-class EV technology in India. This incentive recognises our sustained efforts in scaling domestic production, deepening localisation, and driving innovation across the electric mobility value chain. We remain committed to supporting the Government of India's vision of making India a global hub for advanced automotive manufacturing and clean mobility.' 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 received a sanction order from the Ministry of Heavy Industries, Government of India, for the release of incentives amounting to Rs 366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY 2024-25. The sanction pertains to the Demand Incentive for the Determined Sales Value for FY 2024-25, and authorises a payment of Rs 366.78 crore to be released through IFCI, the designated financial institution for disbursement under the scheme. The incentive has been sanctioned in accordance with the applicable terms and conditions of the PLI-Auto Scheme, as amended from time to time. This milestone reinforces Ola Electric's role as a key contributor to India's advanced automotive manufacturing ecosystem and reflects the company's strong execution across scale, localisation, and technology-led vertically integrated manufacturing.Powered by Capital Market - Live

The stock had fallen 16.34% over the previous three sessions and touched a record low of Rs 30.79 on Thursday, 18 December 2025. At current levels, the shares are down 65.57% from their 52 week high of Rs 99.90 hit on 26 December 2024. The rebound came after clarity on recent bulk deals by promoter Bhavish Aggarwal. Exchange data showed that on December 18, he sold 2.83 crore shares, or 0.64% equity, at Rs 31.90 apiece, raising Rs 90.27 crore. Earlier, Aggarwal sold 2.62 crore shares, or about 0.6% equity, on December 16 at an average price of Rs 34.99, raising around Rs 92 crore. This was followed by the sale of 4.19 crore shares, or 0.95% equity, on December 17 at an average price of Rs 33.96, fetching about Rs 142.3 crore. Together, the three transactions accounted for 2.19% of Ola Electric's equity, valued at Rs 324.27 crore. As of September 2025, Aggarwal held 132.39 crore shares, or 30.02% equity, in the company. In a statement, Ola Electric said the monetisation was carried out solely to fully repay a promoter level loan of around Rs 260 crore and to release all 3.93% shares that were previously pledged, thereby eliminating all promoter pledges. Following the transactions, the promoter group continues to hold a 34.6% stake in Ola Electric. The company said there is no dilution of promoter control and no change in long term commitment. It added that the exercise was planned, time bound and executed entirely at the promoter's personal level, with no impact on operations, performance or strategic direction. Ola Electric reiterated its focus on building a globally competitive, India first electric mobility and clean energy company. 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. The company recently forayed into India's Rs 1 lakh crore Battery Energy Storage Systems (BESS) market with the launch of Ola Shakti, its first residential energy storage product. 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

Hitachi Energy India Ltd, PTC Industries Ltd, Tips Music Ltd and Garware Hi Tech Films Ltd are among the other losers in the BSE's 'A' group today, 18 December 2025.Ola Electric Mobility Ltd tumbled 5.83% to Rs 31 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 144.4 lakh shares were traded on the counter so far as against the average daily volumes of 47.82 lakh shares in the past one month.Hitachi Energy India Ltd lost 4.87% to Rs 18225. The stock was the second biggest loser in 'A' group.On the BSE, 5605 shares were traded on the counter so far as against the average daily volumes of 4492 shares in the past one month.PTC Industries Ltd crashed 4.60% to Rs 16651.2. The stock was the third biggest loser in 'A' group.On the BSE, 2383 shares were traded on the counter so far as against the average daily volumes of 842 shares in the past one month.Tips Music Ltd pared 4.40% to Rs 526.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 5538 shares were traded on the counter so far as against the average daily volumes of 14019 shares in the past one month.Garware Hi Tech Films Ltd plummeted 4.06% to Rs 3419. The stock was the fifth biggest loser in 'A' group.On the BSE, 2925 shares were traded on the counter so far as against the average daily volumes of 4116 shares in the past one month.Powered by Capital Market - Live

Aggarwal sold the shares in two tranches. On December 16, he offloaded 2.62 crore shares, or about 0.6% equity, at an average price of Rs 34.99 per share, raising around Rs 92 crore. This was followed by the sale of 4.19 crore shares on December 17 at an average price of Rs 33.96 per share, fetching about Rs 142.3 crore. In total, the transactions accounted for over 1.5% of Ola Electric's equity. The stock hit a record low of Rs 31.11 today. At current levels, Ola Electric shares are down 68.63% from their 52-week high of Rs 99.90 touched on 26 December 2024. In a statement, Ola Electric said the sale was a one-time and limited monetisation by the founder at a personal level to fully repay a promoter-level loan of Rs 260 crore. The repayment will lead to the release of all previously pledged 3.93% shares, removing a key overhang on the stock. The company clarified that the transaction does not involve any dilution of promoter control. Post the sale, the promoter group is expected to continue holding around 34% stake in Ola Electric. The company added that the move will have no impact on operations, governance or long-term strategy, and that it reflects the founder's intent to run the business with zero promoter pledge. 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. The company recently forayed into India's Rs 1 lakh crore Battery Energy Storage Systems (BESS) market with the launch of 'Ola Shakti', its first residential energy storage product. On a consolidated basis, Ola Electric Mobility reported net loss of Rs 418 crore in Q2 September 2025 as against net loss of Rs 495 crore in Q2 September 2024. Net sales declined 43.16% YoY to Rs 690 crore in Q2 September 2025. Powered by Capital Market - Live