Ola Electric Scooters: Within the first 24 hours of booking, Ola received over 100,000 pre-bookings
Bangalore: Ola Electric Mobility Pvt. As with the value of another two-wheeler electric vehicle (EV) and petrol vehicle brands, the competitively priced Limited for value-conscious customers unveiled its S1 and S1 Pro electric scooter models and ended weeks of speculation on Sunday.
Excluding S1 state and government subsidies, the S1 Pro model is priced at 1 12,99,999, with a price of 1 99,999.
Buyers can buy its e-scooters from September 8 with deliveries in 1,000 cities and towns across the country from October.
Ola sells its scooters through the Omnichannel model, which includes online and offline experience centers. It aims to have an experience center in every city over the next three months.
“EV transformation is very important for our country and the whole industry needs to embrace it. We need to build technology in India. By 2025, all two-wheelers in the country should be electric. The EV revolution is here whether those who like it like it or not. We want to make 50% of the world’s electric bikes needed in India. OVA Chairman and Group Chief Executive Officer Bhavish Agarwal said at the media roundtable.
Ola said it received more than 100,000 pre-bookings within the first 24 hours of launching bookings for the public for its scooter and will soon have a production capacity of 1 million e-vehicles.
The demand came not only from metro cities but also from urban mobility production, but also from small towns, Agarwal said.
“The S1 and S1 Pro are industry-leading products with the best range, speed, and cost,” he says.
The cheapest S1 scooter, with a 2.98 kWh battery pack, has a range of 121km on a full charge and a top speed of 90km / h. The S1 Pro comes with a large 3.97 KwH battery pack that delivers 181km / h and a top speed of 115km / h.
Ola Electric’s scooter competes directly with Aether Energy, Ampere Electric, Okinawa Scooters, Torque Motors, and Hero Electric, as well as Honda Activa scooters.
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Founded in 2017, Softbank-backed Unicorn Ola Electric is the EV arm of Ola, a ride-healing platform operated by ANI Technologies Pvt. Ltd. It was launched at a time when Elon Musk-led Tesla Inc India was ready to make an entry, as the government sought to boost the production of EVs, their batteries, and other components, and amid rising petrol prices. Ola aims to launch the electric e-scooter in overseas markets, including Europe, Latin America, and other parts of Asia, Agarwal said.
“Europe is more open towards EVs and two-wheelers. In the next 4-5 years, there will be more evolution in the markets,” he said.
Ola Electric is known as the ‘Future Factory’ on about 500 acres in the Krishnagiri district of Tamil Nadu. When ready, it will produce 10 million e-scooters each year, making it the largest two-wheeler manufacturer in the world. The first phase will produce 2 million e-scooters, retailing and exporting in India.
By comparison, market leader Hero MotoCorp produces 6.5 million two-wheelers annually, with 22-25 million internal combustion engines sold each year in India.
Ola also makes an at-home service network available in every city that sells its scooters. Agarwal said buyers expect 40% less ownership for its EVs compared to petrol-powered scooters.