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Founded in 2017, Ola Electric Mobility Limited is an electric vehicle company that primarily manufactures electric vehicles and core components for electric vehicles. These components include battery packs, motors, and vehicle frames, all produced at the Ola Futurefactory.
Ola Electric Mobility Limited has informed the Exchange about General Updates- Business Responsibility & Sustainability Reporting
Ola Electric Mobility Limited has dispatched physical letters to shareholders with unregistered email addresses, providing access links for the upcoming annual general meeting and annual report for the financial year.
Ola Electric launched its first dealer stores, a strategic shift to deepen market penetration. It targets 500+ dealerships over the next quarters, leveraging its 1 Cr existing rider base. This expands accessibility for its scooter/motorcycle range.
Ola Electric launched S1Z scooters, starting ₹79,999, powered by indigenous Bharat Cell LFP technology for cost reduction. This "cell-to-vehicle" strategy aims for market penetration in the value segment. Bookings are open, with new dealer-operated stores coming soon to drive future growth.
Ola Electric Mobility has authorized Chairman & MD Bhavish Aggarwal and CFO Deepak Rastogi to determine the materiality of events and make disclosures to stock exchanges. This streamlines communication and enhances corporate governance.