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Ola Electric Mobility Limited
(OLAELEC)
Ola Electric Mobility Limited (OLAELEC) vs. iShares MSCI India ETF (INDA)
Ola Electric Mobility Limited Business Overview & Revenue Model
Ola Electric Mobility Limited Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.98B | 45.14B | 50.10B | 26.00B | 3.68B | 8.64M |
| Gross Profit | 7.17B | 8.06B | 5.82B | 105.03M | -1.21B | 5.89M |
| EBITDA | -13.59B | -13.44B | -10.40B | -11.97B | -7.18B | -2.77B |
| Net Income | -23.57B | -22.76B | -15.84B | -14.72B | -7.84B | -1.99B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 110.75B | 77.35B | 55.73B | 53.96B | 21.13B |
| Cash, Cash Equivalents and Short-Term Investments | 35.18B | 48.81B | 9.19B | 10.85B | 25.44B | 17.31B |
| Total Debt | 0.00 | 35.56B | 27.10B | 16.96B | 8.04B | 421.72M |
| Total Liabilities | -51.43B | 59.32B | 57.16B | 32.17B | 17.34B | 1.42B |
| Stockholders Equity | 51.43B | 51.43B | 20.19B | 23.56B | 36.61B | 19.71B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -33.68B | -18.47B | -23.50B | -17.72B | -3.61B |
| Operating Cash Flow | 0.00 | -23.91B | -6.33B | -15.07B | -8.85B | -2.52B |
| Investing Cash Flow | 0.00 | -28.64B | -11.36B | -3.19B | -13.22B | 5.49B |
| Financing Cash Flow | 0.00 | 54.29B | 15.90B | 6.59B | 30.85B | 31.50M |
Ola Electric Mobility Limited Technical Analysis
Ola Electric Mobility Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹129.33B | 39.41 | ― | 0.23% | 12.99% | 2.43% | |
64 Neutral | ₹120.25B | 67.30 | ― | 0.15% | 7.63% | 11.25% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹151.16B | 987.71 | ― | 1.57% | ― | ― | |
58 Neutral | ₹274.42B | 39.67 | ― | 0.54% | 2.19% | -5.70% | |
52 Neutral | ₹23.45B | -126.58 | ― | ― | 4.45% | -66.66% | |
43 Neutral | ₹106.17B | -7.78 | ― | ― | ― | ― |
Ola Electric Mobility Limited Corporate Events
Ola Electric has launched Ola Insiders, an exclusive community programme for its more than one million existing riders, offering structured benefits around vehicle upgrades, add-on purchases and referrals to deepen customer loyalty. The initiative supports upgrades from Gen 1 and Gen 2 scooters to the latest Gen 3 S1 portfolio and Roadster motorcycles with benefits of up to ₹50,000, encourages multi-vehicle ownership with add-on benefits up to ₹20,000, and incentivises customer referrals with Ola credits and cashback.
By tying the scheme to its broad line-up of premium and mass-market Gen 3 S1 scooters and Roadster X motorcycles, the company aims to accelerate replacement demand and expand household penetration within its installed base. The programme is likely to strengthen Ola Electric’s position in India’s EV market by boosting repeat purchases, enhancing network effects through referrals, and improving utilisation of its vertically integrated manufacturing and retail infrastructure.
Ola Electric Mobility Limited has disclosed the results of a postal ballot process conducted via remote e-voting, in line with SEBI listing regulations, to its stock exchange regulators. The exercise reflects the company’s adherence to mandated corporate governance norms for listed entities in India.
Shareholders approved a special resolution appointing Navalur Dattatreya Singh Shashank as a Non-Executive Independent Director, based on voting scrutinized by BMP & Co. LLP. The move strengthens the board’s independent oversight structure, potentially enhancing governance standards and investor confidence as the company continues to develop its electric mobility business.
Ola Electric Mobility Limited has announced that it will host an earnings conference call with analysts and investors on February 13, 2026, at 5:00 p.m. IST to discuss its financial results for the third quarter and nine months ended December 31, 2025. The call, which will feature Founder, Chairman and Managing Director Bhavish Aggarwal and Chief Financial Officer Deepak Rastogi, underscores the company’s ongoing engagement with the capital markets and provides stakeholders an opportunity to gain deeper insight into its recent financial performance and strategic direction.
Ola Electric has begun deliveries in Bengaluru of its शक्ति़ 9.1kWh residential Battery Energy Storage System, billed as India’s first home BESS solution designed, engineered and manufactured domestically using 4680 Bharat Cells, with plans to scale distribution nationwide. The company has also secured BIS certification for the 3kW/5.2kWh शक्ति़ variant, adding to the earlier certification for the 6kW/9.1kWh model, enabling certified manufacture and sale of both configurations across India; positioned as a modern replacement for lead-acid inverters and diesel generators, शक्ति़ offers automotive-grade safety, instant changeover, wide voltage tolerance, and IP67-rated batteries, underscoring Ola Electric’s push to broaden its clean-energy portfolio and support India’s shift toward sustainable, decentralized power. शक्ति़ systems, priced at ₹1,49,999 for 3kW/5.2kWh and ₹2,49,999 for 6kW/9.1kWh, can power heavy household and farm loads with up to 1.5 hours of full-load backup and are available via Ola’s website and retail stores nationwide.
Ola Electric Mobility Limited has informed the National Stock Exchange of India and BSE Limited that it has submitted the requisite certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025, as issued by its registrar and share transfer agent MUFG Intime India Private Limited. The registrar has confirmed that all securities received for dematerialisation during the quarter were appropriately processed, either accepted or rejected, listed on the relevant stock exchanges, and that corresponding physical certificates were mutilated, cancelled and replaced in the register of members with the depositories as registered owners within prescribed timelines, underscoring Ola Electric’s adherence to securities market compliance and strengthening governance confidence for investors and other stakeholders.
Ola Electric has issued a shareholder communication highlighting a milestone year in which it expanded its EV product portfolio, deepened its technology stack and broadened customer access across India. In 2025 the company launched the Roadster X electric motorcycle, rolled out its MoveOS 5 over-the-air software upgrade, introduced the concept Diamondhead electric superbike and debuted the Ola Muhurat Mahotsav sales event, Hyperdelivery for same- and next-day scooter delivery and a new Hyperservice Centre model promising same-day service as it prepares for a wider national rollout in 2026. The company underscored its push for technological self-reliance with India’s first certified indigenous Ferrite motor for EVs and the 4680 Bharat Cell dry electrode battery, which is already powering scooters in multiple southern states and has enabled the Roadster X+ 9.1KWh to secure certification as an EV with up to 500 km range. Together with the launch of the Ola Shakti residential battery storage system and growth of its user base to over one million, Ola Electric is positioning itself not just as a vehicle maker but as a comprehensive EV and energy ecosystem player, aiming to accelerate India’s transition away from internal combustion engine vehicles in 2026 and beyond.
Ola Electric Mobility Limited has announced a change in its senior management, with Business Head – Cell and designated Senior Management Personnel, Mr. Vishal Chaturvedi, resigning from his role effective at the close of business on 31 December 2025, citing personal commitments. The company has notified the stock exchanges in compliance with SEBI’s listing and disclosure regulations, signalling a notable shift in leadership within its cell business, a strategic area for EV battery development, and has made the disclosure and related documents available on its investor relations website for stakeholders.
Ola Electric has secured government certification for its flagship Roadster X+ electric motorcycle, equipped with a 9.1 kWh battery pack built on its indigenously developed 4680 Bharat Cell technology, making it the first electric motorcycle in India to be approved with a fully in-house 4680 cell-based pack. The certified Roadster X+ offers an industry-leading range of up to 500 km, positioning it as a practical long-distance and inter-city EV option that directly addresses range anxiety and aims to expand adoption beyond metros into India’s Tier 2 and Tier 3 markets. With this approval, the company will commence deliveries of the model and has effectively extended its 4680 Bharat Cell platform across its entire two-wheeler portfolio, including both scooters and motorcycles, reinforcing its vertically integrated strategy across cells, battery packs and vehicle platforms. The certification, granted by iCAT under Central Motor Vehicle Rules and backed by additional AIS-156 battery pack approval, follows rigorous safety, performance, electrical and environmental testing, underlining Ola Electric’s push to meet high regulatory standards as it seeks to accelerate EV penetration in India’s motorcycle-dominated two-wheeler market.
Ola Electric has begun scaling deliveries of its S1 Pro+ (5.2 kWh) scooters powered by the indigenously manufactured 4680 Bharat Cell battery pack across Tamil Nadu, Kerala, Telangana and Karnataka, with rollouts underway in cities such as Coimbatore, Kochi, Hyderabad and Bengaluru. The new variant, which offers an IDC range of 320 km, a 13 kW motor with rapid acceleration, multiple riding modes and enhanced safety features including dual ABS and disc brakes, positions Ola as the first Indian company to fully own both cell and battery pack manufacturing in-house, strengthening its integrated EV ecosystem and technological control. By pairing this technological milestone with an expanded premium and mass-market two-wheeler portfolio at a range of price points, the company is sharpening its competitive edge in India’s fast-growing electric two-wheeler market and signaling its intent to scale the 4680-powered vehicles nationwide, with potential implications for cost, performance and supply-chain independence in the sector.
Ola Electric Mobility Limited has announced that its wholly owned subsidiary, Ola Electric Technologies Private Limited, has received a sanction order from India’s Ministry of Heavy Industries for demand incentives under the Production Linked Incentive Scheme for Automobile and Auto Components for FY 2024-25. The order approves payment of approximately Rs 366.8 crore to be disbursed via IFCI Limited against the subsidiary’s determined sales value, reinforcing Ola Electric’s eligibility under the PLI-Auto scheme and strengthening its financial support for scaling domestic EV manufacturing, which may enhance its competitive position in India’s rapidly evolving electric vehicle market.
Ola Electric has secured a sanction order from India’s Ministry of Heavy Industries for incentives totalling ₹366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components for its FY 2024-25 performance. The payout, to be disbursed via IFCI Limited as the designated financial institution, recognises the company’s determined sales value and underscores its growing role in advanced automotive manufacturing, scale, localisation and technology-led, vertically integrated EV production. Management framed the award as a validation of Ola Electric’s manufacturing capabilities and innovation across the electric mobility value chain, aligning the company more closely with the government’s ambition to position India as a global hub for advanced automotive manufacturing and clean mobility, and potentially strengthening its competitive standing in the domestic EV sector.
Ola Electric Mobility Limited has announced that the proceeds from a recent one-time, limited monetisation of a small portion of the promoter’s personal shareholding have been used to repay debt, along with associated interest and charges, with the remaining funds earmarked for payment of applicable taxes on these transactions. Following this repayment, all promoter-level share pledges, representing about 3.93% of the company’s total equity, have been fully released, while the promoter group retains a 34.6% stake in Ola Electric, a move that strengthens the company’s capital structure and underscores its continued strategic focus on building a competitive electric mobility and clean energy business from India.
Ola Electric has launched ‘Hyperdelivery’ for its 4680 Bharat Cell powered vehicles, offering same-day registration and delivery in Bangalore. This initiative is part of Ola’s Hyperservice program aimed at providing a seamless customer experience. By moving the vehicle registration process in-house, Ola has streamlined the purchase-to-delivery journey, enhancing convenience for customers. The company’s direct-to-customer and vertically integrated model allows it to offer these services efficiently. These efforts are part of Ola’s broader ‘India Inside’ strategy, focusing on scalable, domestically integrated platforms for EV manufacturing and service.
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.
Ola Electric Mobility Limited announced the appointment of Mr. Navalur Dattatreya Singh Shashank as a Non-Executive Independent Director, effective December 5, 2025. This change follows the resignation of Mr. Ananth Sankaranarayanan from the same position. The board also approved a revised composition of its committees, including the Stakeholders Relationship Committee and the Audit Committee. These changes are part of Ola Electric’s ongoing efforts to strengthen its governance and strategic direction, potentially impacting its market position and stakeholder relationships.
Ola Electric Mobility Limited announced the resignation of Mr. Ananth Sankaranarayanan as a Non-Executive Independent Director, effective December 5, 2025. The board also appointed Mr. Navalur Dattatreya Singh Shashank as an Additional Non-Executive Independent Director. These changes have led to a revised composition of the company’s board committees, reflecting Ola Electric’s ongoing efforts to strengthen its governance structure and strategic direction.