Introduction:
Leading electric vehicle manufacturer has launched the Gen 3 S1 portfolio, introducing eight new e-scooters across mass and premium segments. The range offers enhanced performance, efficiency, and advanced features, including improved battery options, top speeds, and extended ranges.
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Share price movement of Ola Electric:
On January 31, 2025, Ola Electric Mobility Ltd opened at ₹67.94, up 1.63% from its previous close of ₹66.85. The stock reached a high of ₹76.50 (14.29%) and a low of ₹67.64. By 12:15 PM, it traded at ₹73.73, with a market cap of ₹32,538.69 crore.
Ola Electric Launches Gen 3 S1 Scooters:
Ola Electric has launched the Gen 3 S1 portfolio, introducing 8 new e-scooters across mass and premium segments. The range starts at ₹79,999 for the S1 X and goes up to ₹1,69,999 for the S1 Pro+ 5.3kWh, offering enhanced performance and efficiency.
The flagship S1 Pro+ is equipped with a 13 kW motor, providing top speeds of 141 kmph and an impressive range of up to 320 km (IDC). The S1 Pro+ features four riding modes, dual ABS, and enhanced ergonomics for greater comfort and safety.
The S1 Pro, powered by an 11 kW motor, offers a top speed of 125 km/h with an extended range of 242 km (IDC). Available in multiple color options, the S1 Pro is designed for superior performance and offers improved comfort with supportive seating.
The S1 X+ and S1 X cater to the mass market with competitive prices and performance. The S1 X+ offers a 4kWh battery and an 11 kW motor, with a top speed of 125 kmph and a range of 242 km.
Ola Electric also introduced MoveOS 5, set to roll out in mid-February. This new update brings exciting features, including a Smartwatch app, Smart Park, and Road Trip Mode, enhancing the overall user experience for Gen 3 scooter owners.
Recent news on Ola Electric:
As of January 10, 2025, Ola Electric Mobility Ltd received a third letter from India’s consumer rights regulator, continuing mounting regulatory pressure. The company stated that there were no financial implications, but did not disclose the information requested.
Stock performance of Ola Electric for Period of 1 week and 1 month:
Ola Electric Mobility Ltd has seen a -9.12% return over the past week and a -22.1% return over the past month, indicating significant short-term declines. These figures suggest potential volatility and market corrections impacting the stock’s performance.
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Shareholding pattern of Ola Electric:
| All values in % | Dec 2024 | Sep 2024 |
| Promoter | 36.80% | 36.80% |
| FII | 2.10% | 4.20% |
| DII | 4.60% | 5.20% |
| Public | 51.30% | 48.40% |
| Others | 5.30% | 5.50% |
About Ola Electric:
Ola Electric Mobility Limited (NSE: OLAELEC) is India’s leading electric vehicle manufacturer, specializing in technology and manufacturing integration for EVs and components. With a large R&D presence and over 800 stores, it leads the EV industry in innovation and distribution.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
