Ola Electric's market cap more than halves in 2025, stock drops 58% YTD; here’s all you need to know

However, shares of Ola Electric Mobility have fallen over 58% from the beginning of 2025. On Tuesday, at 1:15 PM, the stock was trading at ₹36.04 per share on the National Stock Exchange, rising 1.13%.

Shares of the firm had lost 11% over a month’s time, while they declined more than 16% in the last six months.

The company’s total market capitalisation stands at ₹15,878.99 crore, as per NSE data. This marks an erosion of about ₹22,121 crore since January 1, 2025, when its market value was around ₹38,000 crore.

New certification details

With this certification, Ola Electric will now begin deliveries of the Roadster X+ (9.1 kWh), marking a significant milestone as it becomes the first electric motorcycle in India to be certified with a completely in-house developed 4680 Bharat Cell battery pack, the company said.

According to the company, the Roadster X+ offers an industry-leading range of up to 500 km on a single charge, enabled by the high energy density and advanced thermal performance of its indigenously developed 4680 Bharat Cell technology.

The extended range is aimed at making electric motorcycling viable beyond metropolitan cities, including Tier-2 and Tier-3 markets where longer travel distances and limited charging infrastructure have slowed EV adoption.

“This government certification is a major milestone in our journey towards building end-to-end EV technology in India,” an Ola Electric spokesperson said. “With the Roadster X+ (9.1 kWh), we are delivering unmatched range along with superior performance, safety and reliability, powered entirely by our own cell and battery technology.”

Ola Electric said that, in addition to vehicle-level certification, its 9.1 kWh high energy-density battery pack—built using the company’s in-house developed 4680 Bharat Cells—has recently received ARAI certification under AIS-156 Amendment 4.

Recent developments

On December 28, Ola Electric had said it has scaled up deliveries of its 4680 Bharat Cell-powered S1 Pro+ (5.2 kWh) across Tamil Nadu, Kerala, Telangana, and Karnataka. The company has commenced deliveries across Coimbatore, Kochi, and Hyderabad, along with continued ramp-up in Bengaluru, Ola Electric said in a statement.

Last week, the Bengaluru-based company had also said it has received a sanction order from the Ministry of Heavy Industries for the release of incentives amounting to ₹366.78 crore under the production-linked incentive (PLI) scheme.

The sanction pertains to the demand incentive for the determined sales value for FY25 and authorises a payment of ₹366.78 crore to be released through IFCI Limited, the designated financial institution for disbursement under the scheme.

In December, Ola Electric had also confirmed the completion of a one-time, limited monetisation of a portion of the founder's personal shareholding, undertaken to fully repay a promoter-level loan of around ₹260 crore. The transaction has resulted in the release of all 3.93% of shares that were previously pledged, bringing the promoter's pledge in the company to zero.

Post completion of the transaction, the promoter group continues to hold more than 34.5% in Ola Electric, which remains amongst the highest promoter ownership levels across new-age listed companies.