Ola Electric Mobility scales up deliveries of 4680 Bharat Cell-powered vehicles; shares down

The EV manufacturer also commenced deliveries across Coimbatore, Kochi and Hyderabad, along with a continued ramp-up in Bengaluru, it said in a regulatory filing on Sunday.

“The S1 Pro+ (5.2 kWh) is the first product powered by the company’s indigenously manufactured 4680 Bharat Cell battery pack, delivering more range, higher performance and enhanced safety,” the filing stated.

S1 Pro+ (5.2kWh) is powered by a 13 kW motor, with an acceleration of 0-40 kmph and has a range of 320 km (IDC with DIY mode), the Bengaluru-based firm added.

Commenting on the development, a spokesperson for Ola Electric said: “The demand for the S1 Pro+ has proven what we set out to build, world-class EV technology made in India, and built at scale. Customers are now taking deliveries of the scooters powered by our own 4680 Bharat Cell, and the rollout is picking up strong momentum.”

Other key developments

On December 25, the company said it 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 scheme.

The sanction pertains to the demand incentive for the determined sales value for FY 2024-25 and authorises a payment of ₹366.78 crore to be released through IFCI Limited, the designated financial institution for disbursement under the scheme, it said in a statement.

In a separate regulatory filing dated December 23, the firm stated that its board, at its meeting, approved the third tranche of allotment of 10 crore convertible redeemable preference shares to Ola Cell Technologies.

The company said, following shareholder nod to revise the use of IPO proceeds, its wholly owned subsidiary Ola Electric Technologies has approved a third tranche of funding of ₹100 crore by issuing 10 crore optionally convertible redeemable preference shares to Ola Cell Technologies, another group subsidiary, through a private placement.

Ola Electric stock performance

At around 10:55 am, the share was trading 1.52% lower at ₹35.64 per unit on the National Stock Exchange (NSE) on Monday.

The scrip has gained nearly 2% in the past week but lost approximately 14% over the month. On a year-to-date basis, it has fallen by about 59%.

While the stock of the Bhavish-Agarwal-owned firm touched a 52-week low of ₹30.76 on December 18, 2025, it reached a year’s high of ₹99.95 per equity share on December 26, 2024.

Ola Electric Mobility has a total market capitalisation of ₹15,720.20 crore, as of December 29, 2025, according to data on the NSE.