Ola Electric Mobility Limited — Updates, 01-02-2025: Press Release

Ola Electric has secured a leading position in the EV 2W market, achieving a 25% market share with 24,341 registrations in January, reflecting a remarkable 77.4% month-on-month growth. This surge highlights the success of their S1 portfolio and the expansion of their sales network to 4,000 stores across India. The recently launched Gen-3 scooter models are setting new industry benchmarks with enhanced performance and efficiency. The Gen-3 lineup features a mid-drive motor, optimized power, and advanced safety technology such as dual ABS and patented brake-by-wire, improving energy recovery by 15%. Additionally, the upcoming MoveOS 5 beta will introduce new functionalities aimed at enhancing user experience. Ola Electric continues to broaden its offerings with the introduction of innovative scooters and a motorcycle range that meets diverse consumer needs, marking a significant step in India's transition to electric vehicles. Investors should view these developments as a positive outlook for sustained growth in the EV segment.