Ola Electric Share Price Rises 7%; Develops In-House LFP Battery Cell for EVs

Written by: Nikitha DeviUpdated on: 8 Apr 2026, 4:41 pm IST
Ola Electric share price rose 7.6%. Announced the readiness of its in-house LFP battery cell, marking a key milestone in its battery innovation and EV ecosystem expansion.
Ola Electric Share Price
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Ola Electric has announced the readiness of its in-house developed Lithium Iron Phosphate (LFP) battery cell, marking a significant step in the company’s efforts to accelerate electric mobility in India. 

The development is part of Ola’s vertically integrated battery innovation strategy aimed at building a complete energy ecosystem for electric vehicles and energy storage solutions.

The newly developed 46100 format LFP cell is larger than the company’s existing NMC 4680 Bharat Cell. This advancement is expected to deliver improved scale, better cost efficiency and wider applicability across electric mobility and energy storage applications. The company stated that the new LFP cells will begin entering Ola’s products starting next quarter.

Advancement in Battery Technology

The introduction of the LFP cell highlights Ola Electric’s continued focus on developing advanced battery technologies in-house. LFP chemistry is widely known for its safety, durability and cost advantages compared to some other battery chemistries used in electric vehicles.

By adopting this technology, Ola Electric aims to reduce the overall cost of electric vehicles while maintaining strong performance and reliability. The larger cell format is also expected to improve manufacturing efficiency and support higher production volumes.

Gigafactory Progress and On-Road Validation

The announcement also comes at a time when Ola Electric’s Gigafactory expansion is progressing steadily. The facility currently has a production capacity of 2.5 GWh and is being scaled up to 6 GWh to support the company’s growing manufacturing ambitions.

Ola Electric has already deployed thousands of vehicles powered by its 4680 Bharat Cells on Indian roads. These vehicles have collectively clocked millions of kilometres in real-world driving conditions, demonstrating the reliability and performance of the company’s indigenous battery technology.

Driving EV Adoption in India

The introduction of LFP chemistry is expected to further support the adoption of electric vehicles by making them more affordable and accessible to a larger group of consumers. Lower battery costs can significantly reduce the overall price of EVs, which remains a key factor influencing adoption.

Ola Electric has also been focusing on several customer-centric initiatives aimed at encouraging EV adoption. These include affordability programs, service guarantees, buyback assurances and passing on government incentives such as Production Linked Incentive benefits directly to customers.

Ola Electric Spokesperson said, “The readiness of our LFP 46100 cell is a pivotal moment in our journey to build India’s most advanced EV and energy ecosystem. Along with the strong progress at our Gigafactory and proven performance of our 4680 cells on the road, this milestone reflects our deep commitment to innovation, scale, and self-reliance. LFP technology will play a critical role in driving affordability, enabling energy storage solutions, and accelerating the transition to electric mobility as we move closer to realizing the vision of End ICE Age.”

Ola Electric Share Price Today

On April 8, 2026, Ola Electric share price opened at ₹30.00. At 11:06 AM, the share price of Ola Electric was trading at ₹31.02, up by 7.60% on the NSE.

Also ReadOla Electric Secures PLI Certification for Roadster X+ 4.5 kWh!

Conclusion

With the readiness of its in-house LFP battery cell and the continued expansion of its Gigafactory, Ola Electric is strengthening its capabilities across battery technology and manufacturing. These developments support the company’s long-term vision of building a full-stack energy ecosystem while advancing its mission to accelerate the transition toward electric mobility in India.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Apr 8, 2026, 11:08 AM IST

Nikitha Devi

Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers