Ola Electric shares Surges 5% With 4,000 Store Expansion

Ola Electric Shares Rise 5% Amid Record EV Network Expansion

Ola Electric shares rose by 5% in early trading on Thursday, driven by the company’s announcement of an unprecedented expansion of its electric vehicle (EV) network to 4,000 stores across India. This milestone marks a four-fold increase in Ola’s retail footprint and reinforces its commitment to making EVs accessible nationwide.

Ola Electric Shares Surge by 5%

On December 25, 2024, Ola Electric Mobility’s stock saw a notable uptick, reflecting investor optimism surrounding its ambitious growth plans. The company’s move to expand its EV network aligns with its long-term vision of democratizing EV access across India.

Expanding Network to 4,000 Stores

Ola Electric has announced a monumental milestone in its journey toward revolutionizing electric vehicle (EV) adoption in India. In a strategic move aimed at democratizing EV accessibility, the company has unveiled 3,200 newly established stores co-located with state-of-the-art service centers, raising its total retail and service network to an impressive 4,000 outlets. This development represents the largest single-phase EV network expansion in India to date.

The newly launched outlets are strategically distributed across metropolitan areas, Tier 1, Tier 2, and even smaller towns, reinforcing Ola’s commitment to making EVs accessible to diverse segments of the population. The expanded network caters to growing consumer demand while providing robust after-sales services, ensuring a seamless ownership experience.

Penetrating Smaller Towns and Tehsils

The expansion isn’t just focused on Tier 1 and Tier 2 cities. Ola Electric’s efforts now span smaller towns and tehsils, enabling deeper penetration of EVs in rural and semi-urban regions. This aligns with its “SavingsWalaScooter” campaign, designed to provide affordable and sustainable mobility solutions nationwide.

Priority Registrations for MoveOS 5 Beta

To complement the network expansion, Ola Electric has opened priority registrations for the beta version of its MoveOS 5 software. Key features include:

  • Group Navigation
  • Live Location Sharing
  • Road Trip Mode with Ola Maps

These features are expected to enhance the user experience and support the company’s growing customer base.

Exclusive Year-End Offers

Marking this historic milestone, Ola Electric has rolled out limited-time offers worth up to ₹25,000 on its S1 portfolio.

  • Flat discounts of up to ₹7,000 on S1 X series.
  • Additional benefits up to ₹18,000, including discounts on select credit card EMIs and MoveOS perks.

Customers can avail of these offers exclusively at the newly launched Ola stores on December 25, 2024.

New Launches: Gig and S1 Z Scooter Series

In addition to its network expansion, Ola Electric recently introduced its Gig and S1 Z scooter series. These models cater to diverse customer needs with features like removable batteries, making them ideal for personal and commercial use.

Pricing (Ex-Showroom):

  • Ola Gig: ₹39,999
  • Ola Gig+: ₹49,999
  • Ola S1 Z: ₹59,999
  • Ola S1 Z+: ₹64,999

Reservations are open at ₹499, with deliveries slated to begin in April and May 2025.


Conclusion: Revolutionizing EV Adoption

Ola Electric’s unprecedented expansion to 4,000 stores nationwide, coupled with its launch of innovative EV products, firmly establishes the company as a leader in India’s electric mobility revolution. This strategic growth reflects its commitment to making EVs accessible to a wider demographic, transcending the urban-centric approach and reaching deeper into smaller towns, rural areas, and tehsils.

Moreover, the introduction of the Gig and S1 Z scooter series showcases Ola Electric’s ability to cater to diverse consumer needs, from urban commuters to rural and semi-urban users requiring durable and flexible mobility solutions. The inclusion of removable batteries adds a layer of convenience, addressing challenges related to charging infrastructure and promoting adoption even in areas with limited facilities.In conclusion, Ola Electric’s bold initiatives, innovative technology, and commitment to inclusivity position it as a trailblazer in India’s journey toward a greener, more sustainable future. The company is well-poised to lead the next phase of EV adoption, making clean and efficient transportation a reality for millions across the country.

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