Page 4 - Ola Electric Mobility Ltd News

Ola Electric secures PLI certification for Gen 3 scooter portfolio

Ola Electric on Tuesday said its Gen 3 scooter portfolio has received certification under the Production Linked Incentive scheme for the automobile and auto components sector. The certification was granted by the Automotive Research Association of India (ARAI) to all seven Ola S1 Gen 3 scooters. With this milestone, Ola Electric's Gen 2 and Gen 3 scooter portfolio now stands PLI-certified, the Bengaluru-based firm said in a statement. The Gen 3 portfolio, comprising S1 Pro 3 kWh, S1 Pro 4 kWh, S1 Pro+ 4 kWh, S1 X 2 kWh, S1 X 3 kWh, S1 X 4 kWh and S1 X+ 4 kWh, represents the majority of the company's current sales, it added. As a result, this certification is set to significantly enhance Ola Electric's profitability from Q2 FY26 onwards, it noted. "Securing PLI certification for our Gen 3 scooters, which form the bulk of our sales, is a critical step towards profitability. This will directly strengthen our cost structure and margins, enabling us to deliver sustainable growth," a ..

Ola Electric gains 5% on PLI certification; Q2 profitability boost expected

Ola Electric shares rose 5 per cent on Tuesday, logging an intra-day high at ₹51.1 per share on BSE, after the company secured Production Linked Incentive (PLI) certification for its Gen 3 Scooter

Ola Electric's AGM: Shareholders approve reallotment of IPO funds

Ola Electric on Friday said it has secured shareholders' approval on the reallocation of funds raised through IPO, unlocking capital to drive the next phase of growth, and further strengthening the balance sheet. The Bengaluru-based firm on Friday concluded its first AGM since going public in 2024. As per exchange filings, 99 per cent of shareholders voted in favour of the resolution to reallocate IPO proceeds, signalling investor trust in the company and its long-term vision. This will fully meet the company's near-term organic growth capital requirements, it added. In order to fuel the next phase of growth for the business, the company has strategically reallocated funding for organic growth initiatives, general corporate purposes, and debt repayment, it said. After the reallocation of funds, the unutilised amount is as follows: Rs 1,049 crore for R&D investment, Rs 901 crore for organic growth initiatives, Rs 395 crore for debt repayment/prepayment, and Rs 248 crore for general

Breakout stock: Ola Electric shares sprint 23% in 2 days on volume surge

Ola Electric shares have seen huge volume surge on the counter over the past two days amid bulk deals. Technical charts show a "strong buy signal" for the electric two-wheeler stock

Ola Electric targets global market with ₹5 lakh Diamondhead EV motorcycle

Ola Electric unveils the Diamondhead EV motorcycle with a Rs 500,000 price tag, aiming for global market expansion, while integrating a homegrown 4680 battery into key scooter and motorcycle models

Ola Electric likely to unveil sports scooter segment at I-Day event

Ola Electric is likely to announce its foray into the sports scooter segment on August 15 as part of its plans to expand its product portfolio, according to sources. The company plans to unveil the new range at its upcoming annual event on August 15. In the run-up to its annual 'Sankalp' event, the company on Wednesday dropped a teaser on what looks like a sportier version of its scooter line-up. As per sources, Ola Electric is gearing up to expand its portfolio with its entry into the sports scooter segment. According to people in the know, these sports scooters could feature artificial intelligence features powered by Ola Krutrim. The sports scooter segment has been taking off in India on the back of products such as the TVS Ntorq, Yamaha Aerox and Aprilia SR160. Earlier this year, the company unveiled its Gen 3 scooter portfolio that boasted of first-in-segment features like brake-by-wire, dual ABS, and variants with its own 4680 cell.

Ola's AI venture Krutrim lays off over 100, axes Kruti's linguistics team

Bhavish Aggarwal's AI venture cuts its workforce in second round of layoffs as fundraising falters and Kruti's training nears completion

Ola Electric, TVS charge up plans to beat rare-earth magnet crunch

Ferrite magnets are now globally considered a viable and cost-effective option due to their easy availability instead of rare-earth materials like neodymium, making it an affordable option

Ola Electric Mobility Q1 results: Loss widens 23%, revenue falls 50%

Ola Electric posts a Rs 428 crore loss in Q1 FY26, with revenue down 50%. However, cost-cutting measures and rising vehicle deliveries bring company closer to positive cash flow in its auto business

Ola Electric shares soar 18% even as Q1 loss widens; Here's why

Ola Electric shares rose over 9 per cent even after the company's net loss widened in the first quarter of the current financial year

Q1 results today: HCL, Ola, Tata Tech among 25 firms on July 14; see list

Q1 FY26 company results: Tejas Networks, Nelco, Rallis India, and Sambhv Steel Tubes will release their earnings report for the April-June quarter

Ola Electric Q1 result: Loss widens to ₹428 crore, revenue drops 50%

Ola Electric Q1 FY26 result: The EV maker expects to deliver up to 375,000 vehicles in FY26, with projected revenues of ₹4,200-4,700 cr

Ola Electric unveils update of operating system to boost fleet performance

Ola Electric launches MoveOS 5 with improved range, performance, and customization features, aiming to strengthen its foothold in India's expanding electric vehicle market

Ola Electric announces mass roll-out of MoveOS 5: Check new features

The MoveOS 5 upgrade will be rolled out to all S1 and Roadster X vehicles via an OTA update, offering 50+ new features including ride customisation and improved battery control

Ola Electric sales at 60k units in Q1, sees sustained demand recovery in Q2

Ola Electric is expecting a sustained demand recovery in the second quarter, according to sources, with its Q1 FY26 vehicle registrations reaching nearly 60,000 units, as indicated by VAHAN data. The company, which saw registrations grow 9 per cent month-on-month in June, is projected to post quarter-on-quarter revenue growth of nearly 25 per cent, underlining the gains from its recalibrated sustainable growth efforts, said people tracking the company's performance. "Factoring in deliveries in Telangana and the clearance of pending backlogs from Q4 FY25, Ola Electric is now expected to deliver over 65,000 vehicles in Q1 FY26. This strong delivery performance puts the company well on course to comfortably meet its revenue guidance of Rs 800-850 crore for the quarter," a source said. The person said the growth in June registrations marks a "clear shift in trajectory, signalling that Ola Electric is regaining pace after a tempered Q4 FY25. The recent uptick also suggests sustained dema

Ola, Paytm crash up to 50% in H1 2025; are new-age stocks worth buying now?

Share price of Zomato, Ola Electric, and Swiggy have tumbled up to 50 per cent in calendar year 2025. Should you buy or sell new-age stocks for the rest of 2025