Shares of Ola Electric Mobility were in high demand during the week’s last trading session after the electric vehicle maker announced the launch of its latest scooter range, the S1Z, on Friday, August 28.
Ola Electric’s share price climbed 5.58% to hit an intraday high of Rs 39.77 apiece on the NSE following the announcement.
Although the stock trimmed some of its gains, it continued to trade higher during Friday’s session. At 1:10 PM, shares of Ola Electric were trading at Rs 39.21 apiece, up 4.23% from the previous close on the NSE. The stock had traded in the range of Rs 37.45-Rs 39.77 during the session.
At the current market price, Ola Electric’s total market capitalisation on the NSE stood at Rs 18,106.33 crore.
The stock has rebounded 78.74% from its 52-week low of Rs 22.25 apiece, recorded on March 16, 2026, according to exchange data.
So far in 2026, the stock has gained 4.53%, while it has declined 28.48% over the past year.
Here’s why Ola Electric shares were buzzing
The movement in Ola Electric’s share price came after the company announced the launch of its all-new S1Z scooter range. According to the company, the S1Z is the first scooter range in India to bring its indigenously developed Bharat Cell LFP technology to the mass market.
The S1Z incorporates Ola’s indigenous 46-series LFP cell platform technology, which was developed at its Battery Innovation Centre and is manufactured at the Ola Gigafactory. The company said the technology is being brought to its most accessible scooter range, targeting the country’s largest EV buying segment.
“The S1Z has been designed around a simple belief that customers in the value segment should never have to compromise on technology, safety or performance,” the company said in a release.
“With the introduction of indigenous LFP chemistry, Ola is redefining expectations of what an accessible electric scooter can offer while advancing its vision of building India’s EV ecosystem from the cell upwards,” it added.
The S1Z will be available in 3.1 kWh and 5.1 kWh variants, priced at Rs 79,999 and Rs 99,999, respectively, on an introductory ex-showroom basis. According to Ola Electric, the 3.1 kWh and 5.1 kWh variants offer a range of up to 179 km and 301 km, respectively, based on IDC standards. The S1Z will be available in four colours: White, Anthracite, Sky Splash Blue and Matcha Green. Both variants will feature 12-inch wheels.
Deliveries of the 3.1 kWh variant are scheduled to begin in December 2026, while deliveries of the 5.1 kWh variant are set to commence in March 2027.
“The true measure of innovation of our indigenous Bharat Cell LFP technology is how quickly it reaches everyday Indians. The S1Z delivers on that promise. It is the first scooter range to bring our made-in-India LFP technology to the heart of the market, where millions of customers make their mobility decisions,” said Bhavish Aggarwal, Chairman and Managing Director of Ola Electric.
“We believe affordability shouldn’t mean settling for less. As we continue building India’s EV ecosystem from cell to vehicle, products like the S1Z will play a critical role in taking our mission of bringing EVs to every Indian household,” he added.
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Ola Electric Mobility is an electric vehicle manufacturer in India focused on the vertical integration of technology and manufacturing for EVs and their components, including battery cells.
Its operations are centred around the Ola Futurefactory, where the company manufactures EVs and critical components such as battery packs, motors and vehicle frames. Ola Electric’s research and development activities span India, the UK and the US, with a focus on EV products and core components. The company is also developing an EV hub in Tamil Nadu, which includes the Ola Futurefactory and the upcoming Ola Gigafactory. The hub is supported by Ola’s Bengaluru-based Battery Innovation Centre, which focuses on cell and battery technology.
