Ola Electric Mobility , a leading player in India's electric vehicle (EV) market, has taken a significant step forward in its product lineup by commencing deliveries of its latest offering, the S1 Pro+ electric scooter. This new model is equipped with the advanced 4680 Bharat Cell technology, marking a milestone in the company's journey towards indigenous EV manufacturing.

Cutting-Edge Technology

The S1 Pro+ (5.2kWh) is the first product from Ola Electric to feature the indigenously manufactured 4680 Bharat Cell battery pack. This technology promises to deliver enhanced performance in three key areas:

1. Increased range
2. Improved overall performance
3. Enhanced safety features

Performance Specifications

The S1 Pro+ boasts impressive specifications that set it apart in the electric scooter market:

Enhanced User Experience

Ola Electric has also focused on improving the rider's comfort and style with the S1 Pro+:

• Two-tone seat with supportive foam
• Body-colored mirrors
• New die-cast aluminium grab handle
• Rim decals
• Expanded color palette including Passion Red, Porcelain White, Industrial Silver, Jet Black, Stellar Blue, and Midnight Blue

Pricing and Availability

The S1 Pro+ is now available for delivery, with the 5.2kWh version priced at ₹1,90,338.00 and the 4kWh configuration at ₹1,70,338.00.

Strategic Importance

This launch is not just a product release but a strategic move for Ola Electric. By manufacturing its own battery packs and cells, the company is positioning itself as a pioneer in India's EV industry. An Ola Electric spokesperson emphasized the significance of this development:

"With deliveries of 4680 Bharat Cell powered vehicles underway, we are taking a giant leap towards achieving true energy independence. This milestone is not just about the 4680 Bharat Cell, it's about India owning the future of energy and mobility."

Broader Impact

The introduction of the S1 Pro+ with 4680 Bharat Cell technology represents a significant step towards India's goal of energy independence in the EV sector. It showcases the country's growing capability in advanced manufacturing and could potentially influence the broader EV market in India and beyond.

As Ola Electric continues to expand its product portfolio and technological capabilities, it will be interesting to observe how this impacts the competitive landscape of the Indian EV market and contributes to the country's transition towards sustainable transportation solutions.

Ola Electric Mobility , through its wholly owned subsidiary Ola Electric Technologies Private Limited, has completed the second tranche of its private placement by allotting preference shares worth ₹250 crore. This development is part of the company's ongoing efforts to strengthen its financial position and support its growth initiatives.

Key Details of the Allotment

The allotment was approved at a board meeting held on October 29, 2025.

Background and Context

This allotment represents the second tranche of funding through private placement for Ola Electric Technologies. The move follows the approval granted by shareholders of Ola Electric Mobility at their Annual General Meeting on August 22, 2025, for the variation of IPO proceeds utilization.

Terms of the Preference Shares

The allotted preference shares carry a 0.001% non-cumulative, non-participating rate, providing the company with flexible capital while offering potential upside to the investor through the convertible feature.

Future Outlook

Ola Electric has indicated that details for further tranches will be communicated as funds are infused and allotments are made. This suggests that the company may have plans for additional capital raising in the future to support its operations and growth strategies.

Regulatory Compliance

The company has informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that investors and stakeholders are kept informed about significant financial activities within the Ola Electric group.

As the electric vehicle market in India continues to evolve, Ola Electric's strategic financial moves, including this preference share allotment, could play a crucial role in shaping its competitive position and future growth trajectory.