Ola Electric Mobility , India's leading electric vehicle (EV) manufacturer, has begun mass deliveries of its S1 Pro (5.2kWh) scooters, powered by indigenously manufactured 4680 Bharat Cell battery packs. This makes Ola Electric the first company in India to fully own battery pack and cell manufacturing in-house.

Technological Advancements

Ola Electric's latest offering boasts several impressive features:

Strengthening India's EV Self-Reliance

This move by Ola Electric is more than just a product launch; it's a significant milestone in India's journey toward becoming a global EV hub. By manufacturing the 4680 Bharat Cell battery packs domestically, Ola Electric is contributing to the country's technological advancement and reducing dependence on imported components.

Expanding Product Portfolio

The S1 Pro (5.2kWh) is part of Ola Electric's expanding product range, which includes:

1. S1 Gen 3 Portfolio:

   • S1 Pro+ (5.2kWh and 4kWh)
   • S1 Pro (4kWh and 3kWh)

2. Mass Market Offerings:

   • Gen 3 S1 X+ (4kWh)
   • Gen 3 S1 X (2kWh, 3kWh, and 4kWh)

3. Sports Scooter:

   • S1 Pro Sport (5.2kWh and 4kWh)

4. Roadster Motorcycle Portfolio:

   • Roadster X+ (4.5kWh)
   • Roadster X (2.5kWh, 3.5kWh, and 4.5kWh)

As Ola Electric continues to innovate and expand its offerings, it's positioning itself at the forefront of India's electric mobility revolution. The mass delivery of these indigenously developed, high-performance electric scooters marks a significant step in the country's journey towards sustainable transportation and technological self-reliance in the EV sector.

Bhavish Aggarwal, the founder of Ola Electric Mobility , has increased his pledged stake in the company from 8.09% to 10.11% during the September quarter, according to recent reports. This move is part of a series of pledges made since the company's listing in August 2024.

Key Details of the Pledge

Impact on Share Price

Ola Electric's share price has seen a significant decline since its listing:

• 43.00% decrease since August 2024 listing
• Over 36.00% drop since Aggarwal's first pledge in November

Recent Company Developments

1. Revenue Guidance Reduction

• FY26 revenue guidance reduced by nearly a third
• New guidance: Rs 3,000-3,200 crore

2. Equity Fundraise

• Approved Rs 1,500 crore equity fundraise

3. Debt Obligations

• Total debt and interest due by FY30: Rs 2,114 crore

Pattern of Share Pledging

Aggarwal has been consistently pledging shares to fund various ventures:

• Previous pledges made to fund AI venture Krutrim
• Lenders include Axis Trustee Services and Avendus entities
• Additional collateral of Rs 20 crore added when stock dropped below Rs 50

This pattern of increasing share pledges by Bhavish Aggarwal raises questions about the company's financial strategy and the founder's approach to funding group companies. The significant decline in share price since listing and the reduction in revenue guidance suggest challenges for Ola Electric in the near term. Investors may want to closely monitor the company's performance and financial decisions in the coming quarters.