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.

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.