Ola Electric Mobility Limited , a prominent player in the electric vehicle sector, has received a resounding vote of confidence from its shareholders. In a recent postal ballot, the company's proposal to raise funds through the issuance of securities garnered overwhelming support, marking a significant milestone in its financial strategy.

Key Highlights of the Shareholder Vote

The special resolution, which sought shareholder approval for the company's fundraising plans, was passed with 99.83% of votes cast in favor. This near-unanimous support demonstrates strong shareholder confidence in Ola Electric Mobility's future directions and financial strategies.

Implications of the Approval

The successful passage of this resolution opens up new avenues for Ola Electric Mobility Limited to strengthen its financial position. By gaining the authority to issue securities, the company now has the flexibility to:

1. Raise capital for expansion plans
2. Invest in research and development
3. Strengthen its market position in the electric vehicle sector

Looking Ahead

While the specific details of the fundraising plan, including the amount and type of securities to be issued, have not been disclosed in this announcement, the shareholder support provides Ola Electric Mobility with a mandate to proceed with its financial strategies.

As the electric vehicle market in India continues to evolve, this fundraising capability could play a role in Ola Electric Mobility's efforts to innovate, expand, and maintain its competitive edge in the industry.

Investors and market watchers may keep a close eye on Ola Electric Mobility's next moves, particularly regarding how and when the company chooses to utilize this newly approved fundraising authority.

Ola Electric Mobility has officially announced the scale-up of deliveries for its S1 Pro+ (5.2kWh) scooters powered by indigenously manufactured 4680 Bharat Cell battery packs across multiple states. The company has commenced deliveries in Coimbatore, Kochi, and Hyderabad, alongside continued ramp-up in Bengaluru, marking a significant expansion of its indigenous battery technology rollout.

Expanded Delivery Network

The latest announcement reveals Ola Electric's strategic expansion across key southern Indian markets:

Technological Leadership and Performance

The S1 Pro+ (5.2kWh) showcases impressive technical specifications that position it as a premium offering in the electric scooter segment:

Comprehensive Product Portfolio and Pricing

Ola Electric's expanded product range covers multiple market segments with competitive pricing:

Premium S1 Gen 3 Portfolio:

Mass Market Offerings:

Roadster Motorcycle Portfolio:

Industry-First Manufacturing Integration

With its own 4680 Bharat Cell battery packs now powering vehicles, Ola Electric has achieved a significant milestone as India's first company to fully own both cell and battery pack manufacturing processes in-house. This vertical integration strengthens India's position in the global EV ecosystem and reduces dependence on imported components.

A company spokesperson highlighted the market response: "The demand for the S1 Pro+ has proven what we set out to build, world-class EV technology made in India, and built at scale. Customers are now taking deliveries of the scooters powered by our own 4680 Bharat Cell, and the rollout is picking up strong momentum."

Enhanced Features and Design

The S1 Pro+ incorporates several premium features including enhanced ergonomics with a two-tone seat, body-coloured mirrors, die-cast aluminium grab handle, rim decals, and an expanded colour palette comprising Passion Red, Porcelain White, Industrial Silver, Jet Black, Stellar Blue, and Midnight Blue.

As Ola Electric continues its nationwide expansion plans, the company is positioning itself at the forefront of India's electric mobility revolution, combining indigenous manufacturing capabilities with advanced technology to deliver comprehensive EV solutions across multiple market segments.