Shares of Ola Electrical Mobility Ltd fell 4.75% after touching a day’s excessive of Rs 50.55 on sixth November, although the corporate introduced it had begun deliveries of scooters powered by its first indigenously manufactured battery.
In a submitting to the BSE and NSE on Wednesday night, Ola Electrical mentioned it has began buyer deliveries of its new S1 Professional+ (5.2kWh) scooter. This mannequin is powered by its first in-house 4680 Bharat Cell battery pack.
The corporate referred to as it a serious milestone in its localisation technique. It claimed to be the primary in India to personal each battery-pack and cell manufacturing in full. Ola mentioned the brand new cell know-how, developed at its Bengaluru-based Battery Innovation Centre, presents the next vary, higher efficiency, and improved security.
An Ola spokesperson mentioned the launch marks an enormous step towards vitality independence. This highlights India’s rising power in EV and battery know-how.
The 5.2kWh battery pack has obtained ARAI certification beneath the newest AIS-156 Modification 4 requirements. The S1 Professional+ mannequin incorporates a 13 kW motor. It accelerates from 0 to 40 kmph in 2.1 seconds and presents a claimed vary of 320 km.
At 2:57 PM, shares of Ola Electrical had been buying and selling 4.77% decrease at Rs 47.67 on NSE.
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