Ola Electric shares are rocketing! Why is this boom happening?

Shares of electric two-wheeler manufacturer Ola Electric Mobility surged for the second consecutive day on Friday, January 2nd. Investors were buoyed by strong sales in December, pushing the company's stock up nearly 9% to an intraday high of ₹40.77. 

This surge has brought Ola Electric's stock to its highest level in over a month. This recovery, which began in mid-December, has seen it gain approximately 30.5% in 10 trading sessions so far.

The company informed the exchange that it increased its market share in the electric two-wheeler market to 9.3% in December, up from 7.2% in November 2025. Ola registered 9,020 electric scooters in December. 

Due to strong demand, Ola Electric said it has re-entered the top three electric two-wheeler companies in nearly a dozen states, including major markets like Tamil Nadu, Uttar Pradesh, Bihar, Jharkhand, Punjab, and Haryana.

The service was good

The company has launched a new feature called HyperService to improve its service network. Under this, most customer issues are being resolved on the same day. According to the company, 77% of service complaints were resolved on the same day in December 2025. 

Additionally, Ola Electric announced that deliveries of its new S1 Pro+ scooter (with a 5.2 kWh battery) began in November 2025. In December, the company also received government approval for its Roadster X+ electric motorcycle.

The company says its energy business is also poised to grow, and deliveries of the Ola Shakti Battery Storage System (BESS) are expected to begin in the coming months. 

While the stock has seen a recovery in recent days, Ola Electric's stock has fallen nearly 58% throughout 2025, one of the biggest declines among new tech stocks. The stock is down nearly 44% from its 52-week high of ₹71.25, and nearly 75% from its post-listing high of ₹157.40.

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