Ola Electric Shares Surge 8.5% as Founder Unveils New EV Launches and Growth Strategy
Ola Electric shares jumped over 8.5% on the NSE, touching an intraday high of ₹44.78 on Tuesday, August 19. The rally came after the company’s founder and CEO Bhavish Aggarwal revealed ambitious plans for product launches, technology innovations, and long-term growth strategies.
The surge in investor sentiment reflects the company’s strong vision for the electric vehicle (EV) sector in India, backed by innovation in battery technology, supply chain diversification, and expansion into new product categories.
Upcoming Launches to Drive Growth
In an interview with Moneycontrol, Aggarwal confirmed that products powered by the 4680 Bharat Cell will reach customers by Navratri 2025. The company’s state-of-the-art Tamil Nadu facility is already in full production mode ahead of the launch.
According to Rajesh Mekkat, Head of Research and Development, the new 4680 Bharat Cell offers:
Over 15 years of battery life
5 times higher capacity compared to competitors
80% charging in just 15 minutes
This innovation positions Ola Electric as a strong player in the global EV battery race, while simultaneously strengthening its domestic presence.
Capturing Market Share
Ola Electric has set its sights on achieving a 25–30% market share in India’s two-wheeler EV segment. The strategy relies on vertical integration, which allows the company to control major aspects of production—from battery development to vehicle design.
Aggarwal also emphasized the importance of diversifying supply sources for raw materials. While China remains a key supplier, Japan, Korea, and Australia are now becoming critical contributors to Ola’s supply chain. India’s free trade agreement (FTA) with Australia, which is a major producer of lithium and manganese, gives Ola an additional edge in sourcing.
New Products and Motorbike Expansion
Aggarwal revealed that Ola’s electric motorbike has been met with strong demand across India. Initially launched in 200 stores, the bike will be scaled nationwide by Navratri.
In addition, the company is preparing to announce new scooters and a “moonshot bike”, expanding its product portfolio to cater to diverse customer needs.
Last week, Ola launched the Ola Pro Sport Scooter, equipped with the Bharat Cell. Alongside this, the company unveiled Ferrite Motor Technology, a sustainable alternative to rare earth magnets traditionally used in EV production.
Breakthrough in Ferrite Motor Technology
According to Samraj Dhinakar, Head of Vehicle Engineering, ferrite motors could replace rare earth magnets in the near future. This breakthrough not only reduces reliance on limited global resources but also supports India’s push towards self-reliance in EV technology.
By investing in such technologies, Ola Electric aims to become a global leader in green mobility solutions while reducing environmental and economic dependency on imports.
Diamond Head Electric Motorcycle Prototype
Another highlight from Aggarwal’s announcements was the unveiling of the Diamond Head electric motorcycle prototype. This futuristic bike is designed with advanced features such as:
Self-driving technology (remote summon)
0-100 km/h speed in just 2 seconds
Target price under ₹5 lakh
The Diamond Head is expected to launch in mid-2027 and aims to redefine performance biking. Aggarwal believes this innovation will transform the way riders experience electric mobility: “With Diamond Head, a rider becomes the ride.”
Stock Market Performance
Following these developments, Ola Electric shares were last seen trading at ₹44.27 apiece, up 7.35% on the NSE. The strong rally indicates investor confidence in the company’s long-term plans and its ability to disrupt India’s EV market.
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