Press Release

OLA ELECTRIC MOBILITY LIMITED CIN - L74999KA2017PLC099619 (Formerly known as Ola Electric Mobility Private Limited) August 11, 2026 To, To, National Stock Exchange of India Limited BSE Limited Address: Exchange Plaza, C-1, Block G, Bandra Kurla Address: Phiroze Jeejeebhoy Towers Complex, Bandra (E), Mumbai-400051, Maharashtra, Dalal Street Mumbai- 400001, India. Maharashtra, India. NSE Scrip Symbol: OLAELEC BSE Scrip Code: 544225 Subject: Press Note dated August 11, 2026. Dear Sir/ Madam, With reference to the captioned subject, we are enclosing herewith the Press Note, titled “Ola Electric to Unveil Next Chapter of Ola Energy on Independence Day”. The above intimation will also be hosted on the website of the Company i.e., www.olaelectric.com. We request you to take the above on your record. Thanking you, For Ola Electric Mobility Limited Abhishek Jain Company Secretary and Compliance Officer Membership No.: A62027 Place: Bengaluru Registered Address: Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No. 140, Industrial Layout, Koramangala, Bengaluru – 560095, Karnataka, India | Landline: 080-35440050 | companysecretary@olaelectric.com | www.olaelectric.com Ola Electric to Unveil Next Chapter of Ola Energy on Independence Day Bengaluru, August 11, 2026: Ola Electric today announced that it will unveil the next chapter of Ola Energy on August 15, 2026, across its official channels. As India works towards greater energy independence, building indigenous energy technologies and capabilities has become increasingly important. Ola Electric remains focused on developing technologies that strengthen India’s energy ecosystem and contribute to the country’s energy independence. This year, the Company will not hold an on-ground Sankalp event. Instead, the announcements will be unveiled directly across Ola Electric’s official channels on Independence Day. Further details will be shared on August 15, 2026. About Ola Electric Mobility Limited Ola Electric Mobility Limited is India's leading electric vehicle (EV) manufacturer. It specialises in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. The Ola Future factory in Tamil Nadu, where EVs and critical components are produced, is developing India's most significant EV hub. It is supported by Ola's Bengaluru-based Battery Innovation Centre (BIC), dedicated to advancing cell and battery technology. Ola's R&D efforts span India, the UK, and the US, focusing on innovative EV products and core components. Ola maintains a direct-to-customer distribution network of thousands of stores across India and a robust online presence, making Ola Electric the largest company-owned network of automotive experience centres in the country. For Corporate Communications: ir@olaelectric.com ********************************************************************************************************