Ola Electric to Unveil First Energy Product on October 17; Stock Rises 5%

Bengaluru, October 15, 2025: Ola Electric Mobility Ltd (NSE: OLAELEC, BSE: 544225), India’s largest pure-play electric vehicle (EV) company, announced it will launch a new product in the energy space on October 17, 2025, marking its first venture outside the vehicle segment.

The company also said the launch will be a premiere across its official social media channels during the festival season. The news came ahead of Diwali, and the promoter and Chairman & Managing Director Bhavish Aggarwal of the company has been hyping the launch on X (Twitter): “Launching our first non-vehicle product this Diwali! Power has always been a utility, but now it has become Deep Tech, intelligent, portable, and personal. 17 October Stay Tuned.”

Ola Electric Mobility Share Price Update

Shares of Ola Electric Mobility Ltd were trading at ₹52.75 as of 2:00 PM on October 15, 2025, up 5%. The day’s trade for Ola Electric Mobility Ltd commenced at ₹51.40, up from the prior day’s close of ₹50.24. A total of 22,309,763 shares were traded with a traded value of ₹11,766.17 lakh and a VWAP of ₹52.18.

The scrip has an intraday high of ₹52.75 and an intraday low of ₹50.60, an upper circuit limit of ₹52.75, and a lower circuit limit of ₹47.72. Its market cap stands at ₹23,263 crore. Its face value is ₹10. Its book value stands at ₹14.90 a share.

In the previous 52 weeks, the stock has oscillated between a low of ₹39.60 and a high of ₹102.50, while the all-time high is ₹157.40 and the all-time low is ₹39.60. The average volume for the previous 20 days is 18,404,425 shares, and the company pays no dividend yield currently.

Corporate Update

As per the company’s regulatory filing, the new energy product announcement is a strategic move outside electric mobility, possibly towards the energy storage or the smart power system segment, allied directly to the EV ecosystem of Ola. Both filings given to BSE and NSE state that official updates and related communications will be accesible on the company’s investor relations page.

About the Company

Ola Electric Mobility Ltd is a leading electric two-wheeler manufacturer from Bengaluru and a key component of the Indian domestic EV ecosystem. It is a member of the NSE Smallcap 250 index. It is classified under the basic industry category of 2/3 Wheelers. Ola Electric’s core business is EV manufacturing, battery technologies, and charging networks, and it also has a growing interest in renewable and smart energy solutions.

REF:https://nsearchives.nseindia.com/corporate/OLAELECTRIC_14102025173714_SE_Intimation_OEM_Tweet_OEM.pdf

https://nsearchives.nseindia.com/corporate/OLAELECTRIC_14102025170145_SE-Intimation-Ola_Electric-V2_.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations