Ola Electric shares in focus on launching MoveOS 5, co's biggest software upgrade yet

Economic Times

3 days ago

Shares of Ola Electric are expected to be in the spotlight on Wednesday, July 9, after the company announced the mass roll-out of MoveOS 5, its largest software update to date.
ADVERTISEMENT The Bengaluru-based electric vehicle maker stated that the update will roll out this week for all S1 electric scooters and Roadster X motorcycles via an over-the-air (OTA) upgrade.
MoveOS is Ola Electric's proprietary in-house operating system designed to power its line-up of electric two-wheelers. The MoveOS 5 update, according to the company, introduces more than 50 new features and enhancements aimed at improving performance, efficiency, and user experience.
With the rollout of MoveOS 5, Ola Electric has optimised energy management systems, real-time monitoring, and battery performance. The company stated that the update results in smoother ride quality, smarter energy recuperation, and increased reliability across all generations of its vehicles.Some of the key features introduced include DIY Mode, Road-Trip Mode, Easy Park, Live Location Sharing, SOS Alerts, Find My Vehicle, a Notification Centre, and infotainment widgets such as Cricket and Weather. These features are aimed at improving convenience, control, safety, and connectivity for users.
'MoveOS 5 is the latest upgrade in our journey to build the most advanced and intelligent OS for EV two-wheelers. This upgrade isn't just about new features, it fundamentally enhances the performance, reliability, and range of our vehicles. With smarter energy management, real-time system monitoring, and more user control over ride settings, we're enabling our riders to get more out of every ride. MoveOS 5 is a reflection of our commitment to continuous innovation and product evolution, and it's been engineered to deliver a riding experience that is not only more personalized, but also more robust, efficient, and future-ready,' said an Ola spokesperson.
ADVERTISEMENT Ola Electric said the update is compatible with its Gen 3 platform and enhances the in-house Motor Control Unit (MCU) for better vehicle responsiveness. The OTA rollout begins this week, making the update accessible to users without requiring a service centre visit.
Also read: Jane Street saga highlights the dangers of shampoo-style trading in markets
ADVERTISEMENT Ola Electric shares closed 1.9% lower at Rs 40.77 on the BSE on Tuesday.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)