Shares of Ola Electric Mobility surged by 17% on Thursday, reaching ₹35.30 per share, and marking a 22% increase over two days. This rise follows the announcement of the company's in-house developed Lithium Iron Phosphate (LFP) cell, which is anticipated to lower costs and accelerate the adoption of electric vehicles (EVs). The market capitalization of Ola Electric now stands at nearly ₹15,600 crore (approximately $1.88 billion USD). Founder Bhavish Aggarwal highlighted that the new LFP cell will start being integrated into products next quarter, representing a significant step in the company's Gigafactory expansion. The factory's capacity is set to increase from 2.5 GWh to 6 GWh, supporting higher production levels. Furthermore, Ola Electric reported a strong comeback in business, with daily orders surpassing 1,000 units in late March and a 150% month-over-month increase in registrations, reflecting a recovery in market share driven by improved service operations. The company aims to enhance customer experience and confidence as it navigates through operational challenges.