The shares of Ola Electric Mobility jumped 5 percent to hit the upper circuit on October 15 as investors awaited the EV scooter-maker’s launch of its first non-vehicle product, called ‘Ola Shakti’.
The shares of the company were locked in the upper circuit at Rs 52.75 apiece.
Ola set to launch new product in the energy space:
Ola Electric on October 14 had announced that the company is set to launch a new product in the energy space on October 17, 2025, via a premiere on its official social media handles.
Taking to X, Ola Electric founder Bhavish Aggarwal teased the launch of the product. “Power has always been a utility, but now it becomes Deep Tech - intelligent, portable, and personal,” he wrote.
Ola Shakti:
Later on October 15, Ola Electric unveiled the name of its new product – ‘Ola Shakti’. The company announced that the launch has now been preponed October 16. “Excited about Shakti,” Aggarwal wrote in other post on X. He also shared some pictures of the product.
Ola Electric share price history:
Ola Electric Mobility shares have gained over 3 percent in the past five days, but fell nearly 13 percent in the past one month. The stock is down nearly 39 percent in 2025 so far.
The shares of the EV scooter-maker have nearly halved after hitting a 52-week high of Rs 102.50 in December last year, currently being down around 49 percent from that level. However the stock has recovered more than 33 percent after hitting a 52-week low of Rs 39.60 apiece in July this year.
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