Ola Electric Mobility shares climbed over 4% to touch an intraday high of ₹36.64 apiece on Friday, May 8, as the company announced receiving government certification for its 4,680 Bharat Cell-powered S1 X+ 5.2 kWh scooter. According to reports from The Economic Times, at 2:50 PM, the stock was trading at ₹36.24 apiece on the National Stock Exchange, rising 3.28%. The stock has gained nearly 20% over the past month but has declined 18% in the last six months.
The Bhavish Agarwal-led company announced in a regulatory filing that its mass-market electric scooter, the S1 X+ (5.2 kWh), powered by the indigenously developed 4680 Bharat Cell battery pack, has received approval under the Central Motor Vehicle Rules (CMVR), 1989, from the International Centre for Automotive Technology (ICAT), Manesar, a government-certified testing agency. As reported by The Economic Times, the certification has been issued following a comprehensive validation programme covering vehicle-level safety, performance, and regulatory compliance tests as mandated under CMVR. The scooter underwent rigorous testing, including constructional and functional safety, range validation, and other critical parameters, ensuring adherence to the highest regulatory standards.
Enabled by the high energy density and advanced thermal capabilities of Ola's in-house developed 4680 Bharat Cell, the S1 X+ 5.2 kWh scooter is designed to make long-distance, everyday commuting practical and accessible, especially beyond urban centres. By combining range, performance, and affordability, the S1 X+ 5.2 kWh addresses key barriers to EV adoption in the mass segment, as reported by The Economic Times. The scooter delivers a 320 km IDC range along with a top speed of 125 km/h, powered by an 11 kW mid-drive motor with integrated MCU. With this certification, the S1 X+ 5.2 kWh becomes the longest-range product in its mass market scooter portfolio, marking a significant milestone in expanding access to high-performance EV technology across the country.
A spokesperson from Ola Electric stated that the government certification of the S1 X+ 5.2 kWh is a significant milestone as they bring their in-house developed 4680 Bharat Cell technology to the mass market at scale. As reported by The Economic Times, the company continues to expand the deployment of its in-house developed 4680 Bharat Cell technology across its scooter and motorcycle portfolio, further strengthening its vertically integrated approach spanning cell development, battery pack engineering, and vehicle manufacturing. This certification reinforces the company's commitment to delivering high-performance EV solutions at accessible price points, with the spokesperson noting this is another important step towards accelerating EV adoption beyond metros and into the heart of the country.
The company has a total market capitalisation of ₹15,967.2 crore, according to data on the NSE. According to The Economic Times, shares of the firm had hit a 52-week high of ₹71.25 on September 4, 2025, and a 52-week low of ₹22.25 on March 16, 2026. From the beginning of the year, Ola Electric Mobility has fallen 3.5%, reflecting the broader market volatility in the electric vehicle sector.
