Shares of Ola Electric Mobility are likely to remain in focus on Monday after the company announced a key milestone in its electric vehicle journey — the scale-up of deliveries of scooters powered by its indigenously developed 4680 Bharat Cell battery across multiple states.
The move signals a broader commercial rollout of Ola Electric’s in-house battery technology, a critical component in its long-term strategy to build a fully integrated EV ecosystem in India.
Bharat Cell rollout gathers momentum
According to a statement cited by Press Trust of India, Ola Electric has scaled up deliveries of its 4680 Bharat Cell-powered S1 Pro+ (5.2 kWh) scooter across Tamil Nadu, Kerala, Telangana, and Karnataka.
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Deliveries have now begun in Coimbatore, Kochi, and Hyderabad, while volumes continue to ramp up in Bengaluru. The S1 Pro+ (5.2 kWh) is the first Ola Electric scooter to run on the company’s own 4680 Bharat Cell battery pack.
The company says the new battery offers improved range, higher performance, and enhanced safety compared to earlier versions.
“Customers are now taking deliveries of the scooters powered by our own 4680 Bharat Cell, and the rollout is picking up strong momentum,” an Ola Electric spokesperson told PTI. “With deliveries scaling across multiple states, we are now gearing up to take these vehicles nationwide.”
Why the Bharat Cell matters
With the introduction of its own battery cells, Ola Electric claims it has become the first Indian EV company to fully own the cell and battery pack manufacturing process in-house. This vertical integration is seen as a major step towards reducing dependence on imports and improving cost efficiency over the long term.
The development also strengthens Ola Electric’s positioning as it competes in India’s increasingly crowded electric two-wheeler market.
PLI incentive adds to positive backdrop
Separately, the company has received a significant boost under the government’s Production Linked Incentive (PLI) scheme. Ola Electric Technologies, a wholly owned subsidiary, has secured an incentive of Rs 366.78 crore for FY 2024–25 under the PLI Scheme for Automobile and Auto Components.
The sanction order, dated December 24, was issued by the Ministry of Heavy Industries, with IFCI Limited acting as the disbursing financial institution.
The incentive has been approved against the company’s Determined Sales Value for the financial year, in line with the PLI-Auto scheme aimed at encouraging domestic manufacturing and advanced automotive technologies.
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“The sanction of Rs 366.78 crore under the PLI-Auto Scheme is a strong endorsement of our manufacturing capabilities,” the spokesperson said, adding that it recognises Ola Electric’s efforts in scaling local production and driving innovation across the EV value chain.
Product portfolio in focus
Ola Electric currently sells a wide range of S1 series electric scooters and has also entered the motorcycle segment with the Roadster X lineup. With Bharat Cell-powered models now reaching customers in key southern markets, investors and industry watchers will be closely tracking how quickly the rollout expands nationwide — and how it reflects in sales volumes and margins.
