OLAELEC

Daily orders crossing 1,000 units

On Friday, Ola Electric Mobility shares surged 9% to touch an intraday high of ₹39.50 apiece. At 11 AM, the stock was trading at ₹38.74 per share on the National Stock Exchange, gaining 6.66%. Shares of the firm have surged 28% over the past five days, while they declined 23% in the last six months. On a year-to-date basis, shares of Ola Electric rose 2.05%. The company has a total market capitalisation of ₹16,889.07 crore, according to data on the NSE. Here are some recent updates about Ola Electric In-house LFP cell On April 7, Ola Electric, in a regulatory filing, announced the readiness of its in-house developed lithium iron phosphate (LFP) cell, which it claimed is a key milestone in its mission to boost electric mobility and build a full-stack energy ecosystem. The new 46100-format LFP cell, which is developed as part of Ola’s vertically integrated battery innovation efforts, is bigger than the current NMC 4680 Bharat Cell. It represents a step change in scale, applicability and cost efficiency across both mobility and energy storage solutions and will be used in Ola’s products starting next quarter, the company said. Daily orders crossing 1,000 units