Ola Electric Mobility Ltd

Ola Electric Mobility Ltd

Ola Electric Mobility Ltd has announced its Q1 FY27 shareholders' letter, highlighting a 97% quarter-on-quarter growth in Ola registrations, a 72% increase in Auto revenue, and a sustained gross margin of 30.5%. The company has also executed on its cost optimisation initiatives, reducing consolidated operating expenses by 22% QoQ.

Ola Electric Mobility Ltd

Ola Electric Mobility Ltd has filed its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with the Board of Directors approving the same. The company has also appointed TRC Corporate Consulting Private Limited as its Internal Auditor for the Financial Year 2026-27.

Ola Electric Mobility Ltd

Ola Electric Mobility Ltd has announced that it is opening its sales and service network to dealer partners across India, marking a shift in its go-to-market approach. The company will transition its company-owned stores to focus on brand and product experience, while dealer partners will handle local sales, service, and scale. Ola Electric expects meaningful on-ground scale from the program by Diwali 2026.

Ola Electric Mobility Ltd

Ola Electric Mobility Limited has signed a Memorandum of Understanding (MoU) with Axis Energy to deploy up to 20 GWh of battery energy storage systems by 2032. The partnership is for Ola's upcoming Utility-Scale and C&I energy storage platform, Mahashakti, which is scheduled to launch on 15 August.

Ola Electric Mobility Ltd

Ola Electric Mobility Ltd has scheduled a Board Meeting on August 7, 2026, to consider and approve the unaudited financial results for the first quarter and three months ended June 30, 2026.

Ola Electric Mobility Ltd

Ola Electric Mobility Ltd, via its subsidiary Ola Cell Technologies, has secured BIS certification for its indigenously developed 46100 LFP cylindrical cell. This makes Ola Electric the first Indian company to achieve BIS certification for an indigenously developed cell in this format. The certification expands the company's in-house cell portfolio beyond NMC cells and significantly strengthens India's battery manufacturing capabilities and energy independence. The cell also successfully qualified under UN 38.3 and other stringent safety standards.