Shares of Ola Electric Mobility Limited climbed nearly 4% to ₹52.10 in Wednesday’s trade after Chairman and Managing Director Bhavish Aggarwal announced plans to unveil the company’s first non-vehicle product on October 17.
The stock, listed on the NSE, opened stronger following Monday’s post-market buzz, when Aggarwal took to social media to share a teaser of the upcoming launch. “Power has always been a utility, but now it becomes Deep Tech — intelligent, portable, and personal!” he posted on X (formerly Twitter), hinting at a technology-driven product beyond Ola’s electric vehicle line-up.
Market watchers speculate that Ola Electric may be entering the energy storage or power solutions segment, a market expected to exceed $30 billion by 2030, according to a PTI report citing industry sources.
The announcement sparked investor optimism, lifting sentiment around the stock after it closed flat on Monday. The exact nature of the new product remains undisclosed, keeping investors and EV enthusiasts guessing ahead of the official reveal later this week.
