Shares of Ola Electric, which have faced significant pressure this year, witnessed a notable uptick on Tuesday, December 30, climbing over 3%. This surge came on the back of a crucial announcement: the company's Roadster X+ electric motorcycle, powered by its indigenously developed 4680 Bharat Cell battery pack, has received official government certification.
A Defining Certification for Made-in-India EV Tech
The certification was granted under the Central Motor Vehicle Rules (CMVR), following a series of rigorous tests mandated by the Ministry of Road Transport and Highways (MoRTH). The company stated that the vehicle underwent comprehensive safety, electrical, performance, and environmental testing specific to Battery Operated Vehicles (BoV) in the electric two-wheeler segment.
This approval marks a pivotal moment, as Ola Electric can now commence customer deliveries of the Roadster X+ (9.1kWh). The company highlighted that this makes the model the first electric motorcycle in India to be certified with a completely in-house developed 4680 cell battery pack.
Unmatched Performance and a Boost for EV Adoption
An Ola Electric spokesperson emphasized the significance of this achievement, stating that the Roadster X+ delivers an exceptional range, superior performance, safety, and reliability, all powered by their proprietary cell and battery technology. "This is a defining step towards accelerating EV adoption in India’s motorcycle-dominated two-wheeler market," the spokesperson added.
In a related development, Ola Electric also announced on Sunday that it is scaling up deliveries of its other 4680 Bharat Cell-powered vehicle, the S1 Pro+ (5.2 kWh), across the southern states of Tamil Nadu, Kerala, Telangana, and Karnataka.
The company claims that with its own battery packs in vehicles, it is now India's first firm to fully own the entire cell and battery pack manufacturing process internally. This vertical integration is seen as a major milestone in building a self-reliant EV ecosystem within the country.
Ola Electric's Stock Performance: A Glimmer in a Tough Year
On the trading floor, the positive news translated into tangible gains. The Ola Electric share price jumped as much as 3.8% to hit an intraday high of ₹36.78, compared to its previous close of ₹35.43. The stock eventually settled, closing 3% higher at ₹36.59.
However, this single-day rally provides only a temporary respite from a challenging period. On a year-to-date (YTD) basis, Ola Electric shares have still lost a substantial 58% of their value, reflecting the broader pressures and competitive dynamics in the electric vehicle sector.
The dual announcements—certification for the Roadster X+ and the expanded rollout of the S1 Pro+—signal Ola Electric's strategic push to leverage its in-house battery technology as a key differentiator. This move aims to strengthen its market position and potentially restore investor confidence in the long-term viability of its integrated EV vision.
