Ola Electric Mobility Ltd saw its shares surge over 12% in the last five days, following the highly anticipated launch of its Gen 3 electric scooters. The new range, introduced on Friday, offers enhanced performance, longer range, and cutting-edge technology, attracting substantial investor and customer interest.
OLA ELECTRIC MOBILITY LTD Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Sat, Feb 1 2025
|
₹75.99
|
₹74.33
|
-0.63%
|
|
Fri, Jan 31 2025
|
₹67.85
|
₹74.80
|
|
|
Thu, Jan 30 2025
|
₹66.71
|
₹66.79
|
|
|
Wed, Jan 29 2025
|
₹65.82
|
₹65.98
|
|
|
Tue, Jan 28 2025
|
₹68.16
|
₹65.16
|
-4.29%
|
|
Mon, Jan 27 2025
|
₹70.10
|
₹68.08
|
-4.57%
|
|
Fri, Jan 24 2025
|
₹73.34
|
₹71.34
|
-2.93%
|
|
Thu, Jan 23 2025
|
₹74.79
|
₹73.49
|
-1.10%
|
Gen 3 Electric Scooters Lineup and Pricing:
The Gen 3 lineup, priced between ₹79,999 and ₹1,69,999, features the S1 Pro, S1 Pro+, S1 X, and S1 X+ models. Here’s a breakdown of the models and their corresponding prices:
| Model | Battery Capacity | Price (₹) |
|---|---|---|
| Ola S1 X | 2 kWh | 79,999 |
| Ola S1 X | 3 kWh | 89,999 |
| Ola S1 X | 4 kWh | 99,999 |
| Ola S1 X+ | 4 kWh | 1,07,999 |
| Ola S1 Pro | 3 kWh | 1,14,999 |
| Ola S1 Pro | 4 kWh | 1,34,999 |
| Ola S1 Pro+ | 4 kWh | 1,54,999 |
| Ola S1 Pro+ | 5.3 kWh | 1,69,999 |
The flagship S1 Pro+ variant boasts a 320 km range and a top speed of 141 km/h, featuring Ola’s in-house ‘Bharat Cells’ for enhanced battery performance.
Technological Upgrades in Gen 3 Scooters:
- MoveOS 5: All Gen 3 models operate on the company’s latest EV OS, ‘MoveOS 5,’ providing users with improved efficiency and smart functionalities.
- Motor Control Unit (MCU): Replacing the hub motors of earlier generations, the new integrated mid-drive motor system is five times more efficient and lightweight.
- Brake by Wire Technology: Patent-holding CEO Bhavish Aggarwal revealed that this technology not only improves range by 15% but also doubles the lifespan of brake pads.
- Anti-lock Braking System (ABS): Safety is enhanced with ABS across all models, ensuring improved control and stability.
Expansion and Service Network:
Ola Electric has expanded its service and retail network significantly, growing from 800 stores in November 2024 to over 4,000 by December. Aggarwal credits this growth to rising consumer trust and favorable government EV policies.
Market Response and Upcoming Launch:
Investor sentiment around the launch has been overwhelmingly positive, pushing Ola Electric’s stock up by over 12% in just five days. The company has also announced the launch of its new Roadster X motorbike on February 5, 2025, which could further fuel growth.
Orders for Gen 3 scooters are open, with deliveries expected by mid-February, and the flagship S1 Pro+ equipped with Bharat Cells will be delivered in April. With price reductions on Gen 2 models for a limited period, Ola aims to capture a larger market share in India’s fast-growing EV segment.
