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Ola Electric Mobility Limited ( (IN:OLAELEC) ) has issued an announcement.
Ola Electric has announced the mass delivery of its S1 Pro+ scooters powered by the indigenously manufactured 4680 Bharat Cell, marking a significant milestone as the first Indian company to fully own the battery pack and cell manufacturing process. This development is expected to enhance Ola’s position in the EV market, offering improved range, performance, and safety, while also supporting India’s ambition to become a global EV hub.
More about Ola Electric Mobility Limited
Ola Electric Mobility Limited is India’s leading electric vehicle (EV) manufacturer, specializing in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. The company operates the Ola Futurefactory in Tamil Nadu, developing India’s most significant EV hub, and is supported by the Bengaluru-based Battery Innovation Centre. Ola’s R&D efforts extend across India, the UK, and the US, focusing on innovative EV products and core components. The company maintains a direct-to-customer distribution network with over 4,000 stores across India, making it the largest company-owned network of automotive experience centers in the country.
Average Trading Volume: 2,697,674
Technical Sentiment Signal: Sell
Current Market Cap: 156.6B INR
For an in-depth examination of OLAELEC stock, go to TipRanks’ Overview page.