Ola Electric Mobility has announced the launch of 'Ola Insiders', an exclusive community program designed for its existing customer base of over 1 million riders across India. The program introduces structured benefits aimed at supporting vehicle upgrades, enabling multi-vehicle ownership, and facilitating community-driven expansion of electric mobility.

Program Structure and Benefits

The Ola Insiders community program centers around three core benefit categories designed to enhance the ownership experience:

Upgrade Benefits for Existing Customers

Gen 1 and Gen 2 customers can upgrade their existing scooters and receive benefits of up to ₹50,000 on the latest Gen 3 S1 portfolio and Roadster motorcycles, including the 4680 Bharat Cell variants. This upgrade path provides existing customers with access to the company's most advanced electric vehicle technology while offering substantial financial incentives.

Add-on and Referral Programs

The add-on benefit allows existing Ola customers to unlock benefits of up to ₹20,000, including cashback and MoveOS upgrades, when adding another Ola vehicle under the same registered name. The referral component enables customers to earn up to ₹5,000 in Ola credits upon successful delivery, while referred buyers receive a ₹1,000 cashback.

Current Product Portfolio and Pricing

Ola Electric's expansive portfolio includes Gen 3 S1 scooters and Roadster X motorcycles across multiple configurations:

Premium S1 Gen 3 Portfolio

Mass Market Offerings

Roadster Motorcycle Portfolio

Strategic Community Focus

According to an Ola Electric spokesperson, "With over a million riders, our community remains central to our journey. With the launch of Ola Insiders, we are introducing a structured ownership program built around our riders which supports seamless vehicle upgrades, enables multi-Ola households, and makes it easier for our community to bring more people into electric mobility."

The program reflects the company's strategy to leverage its existing customer base for organic growth while providing enhanced value propositions for loyal customers. Additional information about the Ola Insiders program is available at https://www.olaelectric.com/ola-insiders .

Source: None/Company/INE0LXG01040/064f277e-a3b8-4e21-bc8a-151b150ffd8e.pdf

Ola Electric Mobility has successfully completed its postal ballot process for appointing a new independent director, with shareholders demonstrating overwhelming support through the remote e-voting mechanism. The company disclosed comprehensive voting results and the scrutinizer's report on February 28, 2026, following the conclusion of the voting period.

Director Appointment Details

Shareholders approved the appointment of Mr. Navalur Dattatreya Singh Shashank (DIN: 02237496) as a Non-Executive Independent Director through a special resolution. The appointment received exceptional support across all shareholder categories, reflecting strong confidence in the board's decision.

Comprehensive Voting Results

The postal ballot demonstrated remarkable shareholder participation and support. BMP & Co. LLP, Practicing Company Secretaries, served as the scrutinizer for the remote e-voting process, ensuring complete transparency and regulatory compliance throughout the procedure.

Category-wise Voting Analysis

The voting results revealed unanimous support from the promoter group and strong backing from both institutional and retail investors. The promoter and promoter group, holding 1,525,871,897 shares, demonstrated complete confidence by voting 100% in favour with full participation.

Public institutional investors showed significant engagement with 29.52% participation, while retail investors participated at 3.57%. Both categories demonstrated strong support with approval rates exceeding 99%, indicating broad-based confidence in the appointment.

Regulatory Compliance and Process

The postal ballot process was conducted in strict accordance with Section 110 and Section 108 of the Companies Act, 2013, Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI Listing Regulations. The remote e-voting facility was provided by NSDL, commencing at 9:00 A.M. on January 30, 2026, and concluding at 5:00 P.M. on February 28, 2026.

The scrutinizer's report confirmed that the resolution was passed with the requisite majority, with no invalid votes recorded across any shareholder category. CS Biswajit Ghosh (Membership No. F8750 CP: 8239), Designated Partner of BMP & Co. LLP, conducted the scrutiny process in a fair and transparent manner. The company has fulfilled all disclosure obligations by filing the voting results with NSE and BSE under the prescribed regulations.