Earlier in the day the Ola company for Ola Electric scooters has opened reservations for its electric scooter and said that customers can reserve their Ola Scooter with a refundable deposit of Rs 499.
Ola said that those who reserve their scooter on olaelectric.com will get priority delivery, and it will reveal the features and price in the coming days.
Chairman Bhavish Aggarwal quoted that, “With its incredible performance, technology, and design along with aggressive pricing, it will help accelerate the transition to sustainable mobility. India has the opportunity and potential to become the world leader in EVs and at Ola, we are proud to lead this charge.”
The company on Bhavish’s decision said that Bhavish has led the firm with a spun off from ride-hailing firm Ola, is setting up a 500-acre factory in Tamil Nadu’s Krishnagiri, aiming to make 10 million vehicles a year at full capacity.
Ola Electric is valued at over a billion dollars, with the backing of investors such as Matrix Partners, Tiger Global Management, and SoftBank, among others. It has raised $500 million from Warburg Pincus and Temasek, giving early backers Tiger and Matrix a part exit from their stake in the company too.
The shares of Ola electric registered in the Month of April have to plan to register and invest up to $2 billion over the next five years with leading its charging ports over 400 cities and is all set to plan about 1 lakh charging stations with the help of the partners into Ola firm, as reported by MoneyControl.