Shares of Ola Electric rose 1.31 per cent to ₹95.28 on the BSE at 11.55 AM on Thursday.

According to it its exchange filing, Ola Electric, a leading electric vehicle (EV) manufacturer in India, announced a significant expansion of its retail network to 4,000 stores across the country. This represents a four-fold increase from its previous network and includes over 3,200 new stores co-located with service centers. 

According to it its exchange filing, the expansion aims to democratize access to EVs by reaching beyond major cities and into smaller towns and tehsils across India.

Furthermore, Ola Electric also opened priority registrations for the beta version of its Move OS 5 operating system, which includes features like Group Navigation, Live Location Sharing, and Road Trip Mode powered by Ola Maps. Additionally, the company announced offers worth up to ₹25,000 on its S1 portfolio of electric scooters. 

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Bhavish Aggarwal, Chairman & Managing Director of Ola Electric, stated that this expansion fulfills the company’s promise under the #SavingsWalaScooter campaign. He emphasized the company’s commitment to driving large-scale EV adoption and accelerating India’s transition away from internal combustion engines.