Ola Electric Shares Skyrocket 92% Amidst Exciting New VenturesOla Electric Shares Skyrocket 92% Amidst Exciting New Ventures

Ola Electric Mobility, led by Bhavish Aggarwal, saw its share price rise significantly, hitting the upper circuit limit on August 19. The stock was trading at ₹146.38 on the NSE, up by 10%, with a market cap of ₹64,565.7 crore. On August 16, it had jumped 20% to ₹113 per share.

Since its market debut on August 9, Ola Electric’s shares have surged 92.6% from the issue price of ₹76. The company reported strong revenue growth for the April-June quarter of FY25, with earnings rising to ₹1,644 crore from ₹1,243 crore in the same quarter last year.

Bhavish Aggarwal highlighted that the June quarter was notably successful in terms of growth and profitability. Ola has also rebranded its ride-hailing service to Ola Consumer and partnered with ONDC. The company introduced automated warehousing solutions to support quick commerce.

Looking ahead, Ola plans to release a new family of chips for AI and computing by 2026 under its Krutrim venture. Aggarwal emphasized the importance of entering the motorcycle segment, which makes up two-thirds of India’s two-wheeler market.

Ola will also integrate its indigenously developed ‘Bharat 4680’ battery cells into its vehicles starting in the first quarter of FY26. The company showcased its new Gen-3 platform for two-wheelers, aiming to boost EV adoption in India.