Shares of Ola Electric Mobility jumped 5 percent to hit the upper circuit on October 15, as investors anticipated the launch of the company’s first non-vehicle product, ‘Ola Shakti’. The stock was locked at Rs 52.75 per share.
Ola Electric had announced on October 14 that it would unveil a new energy product on October 17, 2025, via a premiere on its official social media channels. However, the launch has now been preponed to October 16.
Founder Bhavish Aggarwal teased the new product on X, writing, “Power has always been a utility, but now it becomes Deep Tech – intelligent, portable, and personal.” Later, he revealed the product’s name as ‘Ola Shakti’ and shared images of the upcoming launch, expressing excitement about the debut.
Ola Electric shares have seen mixed performance recently. Over the past five days, the stock has gained more than 3 percent, but it has fallen nearly 13 percent in the past month. So far in 2025, the stock is down around 39 percent.
The shares have declined significantly from their 52-week high of Rs 102.50 in December last year, currently down approximately 49 percent from that peak. However, the stock has rebounded more than 33 percent since hitting a 52-week low of Rs 39.60 in July.
The launch of ‘Ola Shakti’ marks the EV scooter-maker’s first foray into the energy space, expanding beyond its traditional electric vehicle portfolio. Investors appear optimistic that this step into deep tech and portable energy solutions could create new growth avenues for the company.
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