Why Are Ola Electric Shares Rising Today? Bhavish Aggarwal’s EV Maker Drops THIS Big Update On Ola Shakti

Ola Electric Share Price: Shares of Bhavish Aggarwal-owned electric vehicle maker, Ola Electric Mobility, witnessed a massive surge during Wednesday's intraday trade. Ola Electric shares surged nearly 6% on BSE after the company dropped a big update on its new product.

Why Are Ola Electric Shares Rising Today?

'Ola Shakti', the newest pure energy product by Ola Electric Mobility is at the centre of the announcement. The EV maker will launch Ola Shakti on Thursday, October 16, a day ahead of its planned launch on Friday.

Ola Electric shares were trading 4.99% higher at Rs 52.58 per share on BSE at 2:15 pm. The company scrip had hit an upper circuit after the announcement.

Ola Shakti Launch Date

Ola Electric Mobility, on Wednesday, announced that Ola Shakti's launch date has been pre-poned to Thursday.

"We wish to inform you that Ola Electric, India's largest pure-play electric vehicle company, will be unveiling the name of its new product in the energy space, titled "Ola Shakti". The launch date, earlier scheduled for October 17, 2025, has now been revised to October 16, 2025 at 10:00 A.M. (IST)," stated Ola Electric in its BSE filing.

What is Ola Shakti?

The company hasn't disclosed any information or details about Ola Shakti, but investors continue to remain excited about details of Ola Shakti. On the launch day of Ola Shakti, people can expect revelation related to Battery Energu Storage Systems (BESS) for homes and businesses, reported news agency PTI citing sources. Ola Electric Mobility. The new product could help the company to leverage its existing 4680 Bharat Cell technology from its Tamil Nadu Gigafactory. As per reports, Ola Shakti would mark the company's entry into the energy storage sector.

Ola Electric Share Price Trend

Ola Electric Mobility shares have remained volatile over the past few months. Ola Electric shares were trading in green on Wednesday. The stock had touched a 52-week high mark of Rs 102.50 per share on BSE on 4 December, 2024. The stock had dipped to a 52-week low mark of Rs 39.58 on 14 July, 2025. Its share price value has declined nearly 39.02% year to date (YTD) since the beginning of the year 2025. Its valuation has declined around 41.26% in one year.

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