Ola Electric Vehicles

EV maker exceeded its initial Rs 500 crore target; proceeds will fund debt repayment, growth initiatives and general corporate purposes

Ola Electric's registrations rose to 15,139 units in May, from 12,323 units in April, a 23 per cent month-on-month increase, according to VAHAN data. The company's performance stood out in a month when the broader electric two-wheeler industry volumes grew by 15 per cent month-on-month, Ola Electric said in a statement. This is a third consecutive month of robust sales recovery, which comes on the back of a front-end retail rejig and better operational execution, as Ola's two-wheeler EV portfolio bounces back amid petrol price increases, marking a broader market shift to electric vehicles, it added. "Ola Electric has delivered its third consecutive month of growth, with May registrations rising 23 per cent month-on-month and significantly outpacing industry growth," said an Ola Electric spokesperson. The strong demand environment, coupled with increasing traction for its Roadster portfolio, has helped us maintain the growth momentum, he said, adding that "We remain focused on ...

Ola Electric has secured regulatory approval for a new electric scooter aimed at India's commercial mobility market, according to a government certification document, signalling the company may be preparing to enter the fast-growing commercial EV two-wheeler segment as early as this quarter. The homologation, granted by the Automotive Research Association of India (ARAI) in February 2026 under the Central Motor Vehicle Rules (CMVR), covers an L1-category electric scooter powered by a 4-kilowatt motor with a top speed of about 70 kilometres per hour. The vehicle appears to be based on Ola Electric's existing S1 platform but configured for commercial use cases such as food delivery, quick-commerce logistics and urban fleet operations, according to people familiar with the plan. Industry sources said homologation is typically among the final regulatory steps before a product launch, indicating the vehicle could be nearing commercial rollout. The scooter's configuration suggests a focu

Ola Electric is on track to nearly double quarterly volumes in the June quarter, with registrations in the first quarter of FY27 already surpassing the company's entire Q4 FY26 tally on the VAHAN vehicle registration portal, signalling a sharp recovery in demand after a weak March quarter. According to VAHAN data, Ola Electric has recorded about 22,600 registrations so far in Q1 FY27, exceeding the 22,221 units registered in Q4 FY26 with around 40 days still remaining in the quarter. The rebound follows what the company previously described as a low-volume quarter marked by an operational reset and service stabilisation efforts. Ola Electric has guided for 40,000-45,000 orders and consolidated revenue of Rs 500 crore to Rs 550 crore in Q1 FY27, implying a near doubling from Q4 levels if current registration trends continue through June. Founder and chairman Bhavish Aggarwal said during the company's post-results call that registrations had risen from around 10,000 units in March to

Why startups in two- and three-wheeler EV space have escalated their demand for PLI inclusion

The Ola Electric founder is attempting to rediscover his mojo and galvanise the market for electric motorcycles

Company bucks 22% industry decline in April with strong MoM growth, driven by improving operations, customer confidence and rising demand for its expanding EV portfolio

Ola Electric on Friday announced a strong month-on-month growth in April 2026, with registrations rising to 12,166 units, up from 10,133 units in March, according to VAHAN data. This represents a 20 per cent MoM increase, building on the recovery momentum seen in March, Ola Electric said in a statement. The company's performance stood out in a month when the broader electric two-wheeler industry declined by over 22 per cent MoM, it added. Ola Electric was the only leading EV two-wheeler brand to grow month-on-month in April, reflecting improving customer confidence, stabilising operations, and continued demand for its expanding EV portfolio, the company said. "March marked a strong recovery for Ola Electric, and April has continued that momentum. Registrations grew 20 per cent month-on-month even as the market declined sharply, making Ola the only leading EV two-wheeler brand to grow in April," an Ola Electric spokesperson said. This reflects stronger execution, stabilising ...

Ola Electric has launched the S1 X+ scooter with a 5.2 kWh battery, aiming to expand reach in the mass market amid declining market share and rising competition

Ola Electric on Tuesday announced readiness of its in-house developed lithium iron phosphate (LFP) cell, marking a key milestone in its mission to accelerate electric mobility and build a full-stack energy ecosystem. Developed as part of Ola's vertically integrated battery innovation efforts, the new '46100' format LFP cell is bigger than the current NMC 4680 Bharat Cell and represents a step-change in scale, cost efficiency, and applicability across both mobility and energy storage solutions, and will begin entering its products starting next quarter, the company said in a statement. The announcement comes as Ola Electric's Gigafactory ramp continues to progress strongly, with thousands of vehicles powered by its 4680 Bharat Cells already on Indian roads, collectively clocking millions of kilometers in real-world conditions, it added. This growing on-road validation underscores the reliability and performance of Ola's indigenous cell technology while demonstrating the company's ...

Ola Electric on Friday said it has received the Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) scheme for its electric bike Roadster X+ 11 kW 4.5 kWh. The Certification for Compliance was issued by the Global Automotive Research Centre (GARC) under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme), Ola Electric said in a statement. With this, Roadster X+ 4.5 kWh becomes the first motorcycle in the Roadster portfolio to receive PLI certification, marking a significant milestone in the company's expansion into the electric motorcycle segment, it added. The certification confirms a minimum Domestic Value Addition (DVA) compliance for Roadster X+ 4.5 kWh. The model is eligible for incentives under the PLI-Auto Scheme for all Roadster X+ 4.5 kWh units. "The PLI certification for our Roadster X+ 4.5 kWh is a strong validation of our efforts towards deep localisation and buildi

Ola Electric on Thursday announced a price reduction of Rs 60,000 on its flagship electric motorcycle, Roadster X+ 9.1 kWh powered by its 4680 Bharat Cell. The move has been enabled by rapid economies of scale at its Gigafactory and deep vertical integration of its indigenously developed 4680 Bharat Cell, Ola Electric said in a statement. As cell production has ramped up, cost efficiencies have improved materially, allowing Ola Electric to pass on these benefits directly to customers, it added. The Roadster 9.1 kWh will now be priced at Rs 1,29,999, down from Rs 1,89,999, and would be available in limited units only during specific purchase windows, the company said. Ola Electric said it will transition from open sales of Roadster X+ 9.1 kWh to a limited purchase window model, with vehicles made available in specific time-bound slots and limited quantities. "The first purchase window will open on Friday, April 3, from 6:00 PM to 9:00 PM, with subsequent windows to be announced ...

EV maker reallocates ₹575 crore from R&D to debt repayment and growth as sales slow, market share slips and fundraising challenges persist

Ola Electric has kicked off a plan to raise up to Rs 2,000 crore by selling a stake in its battery arm, Ola Cell Technologies (OCT), according to the sources. OCT owns the Tamil Nadu-based lithium-ion cell manufacturing plant with 1.5 GWh of operational capacity and plans to scale to 6 GWh by the end of this financial year. Investment bank Avendus and Motilal Oswal are mandated to run the fundraising process, sources said. The development comes amid Ola Electric's efforts to restructure operations and shore up its balance sheet as it works towards its business turnaround. The stake dilution plans will also determine the market valuation of a crucial battery infrastructure asset that has not yet been ascertained, sources said, adding that the asset's unique nature has attracted inbound interest from financial investors, including some leading sovereign wealth funds. The gigafactory, with an upfront investment of Rs 3,500 crore, marks a significant step toward localising battery cel

Ola Electric on Tuesday announced Holi Mahotsav, ushering in a new beginning for India's electric motorcycle journey. On the auspicious occasion of Holika Dahan, which celebrates the start of a new season, the company announced that its Roadster range now starts at just Rs 79,999. This brings electric motorcycles directly at par with popular entry segment ICE motorcycles, the company said in a statement. The company's Roadster X portfolio comes in 2.5 kWh, 3.5 kWh and 4.5 kWh configurations, now priced at Rs 79,999, Rs 92,999 and Rs 99,999 respectively, it added. The Roadster X+, available in 4.5 kWh and 9.1 kWh configurations, is now priced at Rs 1,09,999 and Rs 1,89,000, respectively. As part of its Holi offers, Ola Electric has also introduced Muhurat Mahotsav for today and tomorrow, featuring special limited-time festive offers available exclusively during the designated 90-minute 'shubh muhurat' windows, it stated. Customers will be able to access limited units at a specia

Ola Electric's Q3FY26 revenue fell 55% amid a steep drop in scooter volumes, triggering a 7% slide in its stock as brokerages flagged prolonged turnaround risks and ongoing market share erosion

Ola Electric's Q3 revenue decline was due to a steep drop in the company's scooter sales to 32,680 units from 84,029 units in Q3FY25

India's EV retail market expanded in January 2026, with passenger vehicles and two-wheelers posting strong year-on-year growth amid rising demand, FADA data showed

Ola Electric said it would lay off around 5 per cent of its workforce as part of a restructuring aimed at boosting profitability through greater automation

Ola Electric on Friday said it has secured the Bureau of Indian Standards certification and licence for Ola Shakti in a 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. 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 and protection from electric shock, the Bengaluru-based company said in a statement. It also underwent environmental stress testing, sonic pressure hazard evaluation, mechanical hazard assessment, and other applicable tests in accordance with BIS standards, it added. "With the BIS certification of Shakti 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 cons