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Ola Electric Mobility Limited ( (IN:OLAELEC) ) has provided an announcement.
Ola Electric has started test rides for its new 4680 Bharat Cell-powered vehicles at flagship stores across India, marking a significant advancement in India’s EV sector. The S1 Pro+ is the first product to feature this indigenously manufactured battery pack, offering improved range, performance, and safety. This development highlights Ola Electric’s commitment to technological self-reliance and accelerating sustainable mobility. The company has secured ARAI certification for its battery packs and offers a diverse portfolio of scooters and motorcycles, reinforcing its position in the market.
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, which is developing India’s most significant EV hub, supported by the Bengaluru-based Battery Innovation Centre. Ola’s R&D efforts span 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 and a robust online presence, making it the largest company-owned network of automotive experience centers in the country.
Average Trading Volume: 16,154,172
Technical Sentiment Signal: Sell
Current Market Cap: 186.4B INR
Find detailed analytics on OLAELEC stock on TipRanks’ Stock Analysis page.