Ola Electric Mobility Ltd

Ola Electric has rolled out the first Roadster X motorcycle from its Futurefactory in Krishnagiri, Tamil Nadu. The much awaited Roadster X motorcycle is set to hit the roads during April 2025 as the company gears up for deliveries across India, this month. The Roadster X Series comes with a mid-drive motor that boosts performance and safety. The powertrain of the Roadster series also features a chain drive and an integrated MCU for efficient torque transfer, providing superior acceleration, and improved range. The Roadster X series also features flat cables in the motorcycles'an industry-first innovation. These cables improve packaging efficiency, reduce weight, and enhance thermal performance, improving overall durability and reliability. Bhavish Aggarwal, Chairman and MD, Ola Electric said, The Roadster X series represents our commitment to taking the EV revolution to the next level. Today's roll-out celebrates not just a new product, but a new era for us and the industry, as it represents the next phase of revolution in electric mobility. We are excited for our customers to experience the Roadster X on the roads very soon, a product that is set to redefine motorcycling in India.' The Roadster X series offers a breakthrough in motorcycle technology and comes with f irst-in-segment patented brake-by-wire technology with single ABS, and smart MoveOS 5 features such as advanced regeneration, cruise control, and reverse mode. The battery system of the Roadster X series gets an IP67 waterproof and dust-proof certification, advanced wire bonding technology, and a serviceable Battery Management System (BMS) enabling easy maintenance. The prices of the Roadster X series start at ₹84,999, ₹94,999 and ₹1,04,999 for the Roadster X 2.5kWh, 3.5kWh, and 4.5 kWh, respectively. Roadster X+ 4.5kWh is priced at ₹1,14,999, while the Roadster X+ 9.1kWh (with 4680 Bharat Cell) that offers an unrivalled range of 501 km/charge, is priced at ₹1,84,999. Powered by Capital Market - Live

Ola Electric Mobility today announced #HyperDelivery, offering same-day registration and delivery of vehicles. Pilot of #HyperDelivery has started in Bangalore, and would gradually be scaled up across India during this quarter in a phased manner. Customers can now complete their purchase online or at an Ola Electric Store and ride home on their fully registered vehicles in just hours. This industry-first purchase and delivery transformation has been made possible due to the company's strategic decision to leverage AI for automation and moving its vehicle registration process in-house. By integrating these critical steps into its operations, the company has enabled a much smoother and efficient journey from purchase to delivery, thereby enhancing customer experience. Powered by Capital Market - Live

Ola Electric registered 23,430 units in March 2025 (as per the VAHAN portal), reflecting strong demand across urban and rural markets. As shared earlier, the shift to in-house vehicle registrations in February led to temporary disruptions. While the transition continues, daily registration volumes and backlog clearance are steadily improving. The company said, We have nearly cleared the February backlog and expect to complete the remaining February-March registrations in April 2025. To support this, we're scaling up our registration operations and actively coordinating with all external stakeholders. We also began deliveries of our Gen 3 portfolio in March 2025. Customer response has been overwhelmingly positive, with demand surpassing expectations. As a result, we ramped up the production of our Gen 3 portfolio in March and will continue ramping it up further in April for faster deliveries and better customer experience. We remain focused on execution and delivering a seamless ownership experience. We will continue to update stakeholders as our registration volumes stabilize.Powered by Capital Market - Live

Ola Electric Mobility has amicably settled all outstanding dues between its wholly owned subsidiary, Ola Electric Technologies, and the Rosmerta Group. As a result, the Rosmerta Group has filed the memo for withdrawal of the petitions filed before the National Company Law Tribunal (NCLT), Bengaluru. The matter now stands fully resolved. Ola Electric remains committed to fulfilling its obligations and maintaining professional relationships with all stakeholders.Powered by Capital Market - Live

Ola Electric Mobility has refuted claims of declining sales and regulatory issues, attributing a temporary dip in February 2025 registration figures to an ongoing negotiation with vehicle registration vendors. The company, in a media statement released on Friday, accused former vendors of orchestrating a misinformation and smear campaign following the termination of their contracts. The electric vehicle manufacturer clarified that the reported backlog in registrations was a direct result of these vendor negotiations, and not indicative of a slowdown in sales. Our sales remain strong, asserted the company, emphasizing that the issue was a straightforward case of a temporary registration backlog. Ola Electric revealed that daily registration figures are now exceeding 50% of their three-month daily sales average, indicating rapid progress in resolving the bottleneck. 40% of the February backlog has already been cleared, and the remaining will be fully resolved by the end of March 2025, the company assured. The company further alleged that the controversy stemmed from their decision to discontinue contracts with two nationwide vendors managing their registration process, a move aimed at streamlining operations and boosting profitability. Since then, a coordinated effort has been made to create confusion and trigger unnecessary scrutiny, the statement read. Ola Electric Mobility is an electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. On a consolidated basis, the company had reported a net loss of Rs 564 crore in the quarter ended December 2024 as against net loss of Rs 376 crore during the quarter ended December 2023. Net sales fell 19.37% year-on-year to Rs 1,045 crore in Q3 FY25 over Q3 FY24. Shares of Ola Electric Mobility surged 8.40% to Rs 56 on Friday, 21 March 2025. The stock fell to a record low of Rs 46.32 on 18 March 2025, marking a significant decline since its listing on 9 August 2024. The stock entered the market at Rs 75.99, slightly below its initial public offering (IPO) price of Rs 76. The stock peaked at Rs 157.53 on 20 August 2024. Powered by Capital Market - Live

Ola Electric Technologies is a wholly owned subsidiary of the company, while Rosmerta Digital Services is a subsidiary of Rosmerta Technologies (RTL) and focuses on providing digitally enabled services related to the automotive sector. The company is involved in the distribution of automotive components and accessories through digital platforms. The petition seeks initiation of the corporate insolvency resolution process (CIRP) against the Ola Electric Technologies Private. The petition has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 and submitted to the National Company Law Tribunal (NCLT) ' Bengaluru Bench. The company said that it has sought appropriate legal advice and it strongly disputes the claims made. The company will take all necessary and appropriate steps to protect its interests and object to the allegations in the aforesaid matter. Ola Electric Mobility is a manufacturer of electric vehicles (EVs) and certain core components for EVs such as battery packs, motors, and vehicle frames at the Ola Future factory. On a consolidated basis, the company had reported a net loss of Rs 564 crore in the quarter ended December 2024 as against net loss of Rs 376 crore during the quarter ended December 2023. Net sales fell 19.37% year-on-year to Rs 1,045 crore in Q3 FY25 over Q3 FY24. The counter hit a 52-week low at Rs 46.40 in intraday today.Powered by Capital Market - Live

Ola Electric Mobility announced its limited-time Holi flash sale offers for its popular S1 range of electric scooters. Under this special promotion, customers can avail discounts of up to ₹26,750 on the S1 Air and ₹22,000 on the S1 X+ (Gen 2), with the models now starting at ₹89,999, and ₹82,999, respectively. The company is also offering discounts of up to ₹25,000 on the rest of its S1 range, including all the scooters from its latest S1 Gen 3 range. With both S1 Gen 2, and Gen 3, the company has a vast portfolio of scooters across all price points ranging from ₹69,999 to ₹1,79,999 (after festive discount), making this Holi season the best time to upgrade to EVs. Ola Electric is also offering benefits worth up to ₹10,500. New buyers of S1 Gen 2 scooters can avail 1 year of free Move OS+ worth ₹2,999, and extended warranty worth ₹14,999 at just ₹7,499. The Gen 3 portfolio comprises the flagship S1 Pro+ 5.3kWh and 4kWh priced at ₹1,85,000, and ₹1,59,999, respectively. The S1 Pro, available in 4kWh and 3kWh battery options, is priced at ₹1,54,999 and ₹1,29,999, respectively. The S1 X range is priced at ₹89,999 for 2kWh, ₹1,02,999 for 3kWh, and ₹1,19,999 for 4kWh, with S1 X+ available with the 4kWh battery and priced at ₹1,24,999. Along with the latest Gen 3 S1 scooters, the company continues to retail its Gen 2 scooters with S1 Pro, S1 X (2kWh, 3kWh, and 4kWh) now starting at ₹1,49,999, ₹84,999, ₹97,999, and ₹1,14,999, respectively.Powered by Capital Market - Live

The program, aimed at slashing costs and enhancing customer experience, has yielded financial and operational improvements. The initiative has delivered a sustainable cost reduction of Rs 90 crore per month, paving the way for Ola Electric to achieve Automotive segment EBITDA breakeven in the first quarter of the fiscal year 2026 (Q1 FY26), with the full financial impact of these measures expected to be realized from April 2025. Key components of the program included a major overhaul of the company's distribution network. Ola Electric shut down all regional warehouses, opting for direct factory shipping of vehicles, spare parts, and accessories to its stores. This streamlining, coupled with the automation of registration and other processes, and productivity enhancements in the sales and service network, has led to substantial savings. Beyond cost reduction, the program has significantly improved operational efficiency. Average vehicle inventory has been reduced from approximately 35 days to 20 days, and customer delivery times have been slashed from 12 days to 3-4 days. The company is also nearing completion of its vehicle registration process transformation. Daily registrations have surged to over 800, surpassing the average daily sales figures for January and February 2025. With all elements of the Network Transformation and Opex Reduction Program implemented, the Company has delivered on its commitment to operational excellence, and enhanced financial discipline and customer experience, Ola Electric said in a release. These structural improvements position the company for strong long-term profitable growth and the company expects to achieve Automotive segment EBITDA breakeven in Q1 FY26. Ola Electric Mobility is a manufacturer of electric vehicles (EVs) and certain core components for EVs such as battery packs, motors, and vehicle frames at the Ola Future factory. On a consolidated basis, the company had reported a net loss of Rs 564 crore in the quarter ended December 2024 as against net loss of Rs 376 crore during the quarter ended December 2023. Net sales fell 19.37% year-on-year to Rs 1,045 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

Ola Electric announced its sales for the month of February 2025. Backed by a strong S1 portfolio and sales-and-service network of 4,000 stores across the country, the company sold more than 25,000 units in February with a market share of over 28%, cementing its market leadership in the EV 2W segment. The company recently announced the renegotiation of its contracts with its vehicle registration agencies, a move that temporarily affected registration numbers on the VAHAN portal during February 2025. The negotiations aim to reduce costs and streamline the registration process. Ola Electric also launched its flagship Gen-3 portfolio taking the technology play in EVs to the 'Next Level'. The all-new portfolio starts at Rs 79,999 for S1 X (2kWh) and goes up to Rs 1,69,999 for the S1 Pro+ 5.3kWh (introductory prices). The company also rolled out its MoveOS 5 beta, unlocking a host of new features including Brake by Wire, Smart Park, DIY ride modes, Bharat Mood, Live Location Sharing, and much more. The company recently entered the EV motorcycle segment with its Roadster X series. The all-new Roadster X series starts at Rs 74,999 for the Roadster X, Rs 1,04,999 for the Roadster X+ 4.5kWh, and Rs 1,54,999 for the Roadster X+ 9.1kWh (with 4680 Bharat Cell) that offers an unrivalled range of 501 km/charge. Powered by Capital Market - Live

The company's market share for the period under review in the EV 2W segment was over 28%. Ola Electric had commanded a market share of 25% and registered 24,341 units (as per VAHAN data) in January 2025. The company had recently announced the renegotiation of its contracts with its vehicle registration agencies, a move that temporarily affected registration numbers on the VAHAN portal during February 2025. The negotiations aim to reduce costs and streamline the registration process. Spokesperson, Ola Electric Mobility, said: 'We have successfully maintained a strong sales momentum & leadership position through the month of February. Owing to our wide scooter portfolio across mass and premium segments, and our network of 4,000 stores across India, we are now witnessing a strong uptick in demand beyond urban cities from Tier 3 & 4 towns. With our Roadster X deliveries scheduled next month, we are confident of further accelerating the EV adoption across the 2W category in India.' Ola Electric Mobility is a manufacturer of electric vehicles (EVs) and certain core components for EVs such as battery packs, motors, and vehicle frames at the Ola Future factory. The company had reported a net loss of Rs 495 crore in the quarter ended September 2024 as against net loss of Rs 524 crore during the previous quarter ended September 2023. Sales rose 39.06% to Rs 1214 crore in Q3 FY25 as compared with Q3 FY24. The scrip fell 2.11% to currently trade at Rs 55.71 on the BSE. Powered by Capital Market - Live