Ola Electric Share Price Today: Stock Up 13% - Here's Why

Ola Electric shares went up by Rs 9.53 points and 12.97 per cent in intra-day trade in the morning half of November 27, after the company announced the launch of Ola Gig and S1 Z range of scooters. With prices starting at ₹39,000, the Ola Gig and Ola S1 Z are among the most affordable scooters of the company thus far. Among others, Ola also launched Power Pod, a portable inverter for home.

Ola Electric Gig and S1 Z: What Are The Two New Models?

Ola has introduced two new electric scooter models— the Ola S1 Z and Gig range— with starting prices as low as Rs 39,000. According to the company, the two models are aimed at semi-urban and rural areas with an affordable price tag. The models aim to revolutionise the electric vehicle (EV) market in India by focusing on affordability and accessibility for a wider audience. Reservations for both models have been opened, with deliveries expected to start in April 2025.

Ola PowerPod: What is it?

Ola PowerPod is a Portable Inverter with a 1.5 kWh battery, with a maximum output of 500GW. The Power Pod is priced at Rs 9,999, and functions as an EV Battery as well as a home inverter. It can charge and run a variety of appliances, like LED bulbs, ceiling fans, TVs, etc. for up to three hours. It works well with the growing demand for transition to

The PowerPod is specifically targeted at households in rural and semi-urban areas, where frequent power outages are common. This sustainable solution is designed to address the growing demand for affordable energy alternatives, ensuring people can continue their daily activities even during power cuts.

Ola is also working to develop lithium-ion batteries, which will make EVs more affordable.