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Starting at just ₹39,999, the new models cater to a broad spectrum of users, from gig workers and students to business owners and elderly riders. Reservations are open for ₹499, with deliveries slated for April and May 2025.
Ola Electric lays off 200 engineers due to the massive effort put into the restructuring of the company's electric mobility business and pivot on distribution.
The Ola CEO had also shown a demo of the S1 Pro electric scooter to the transport minister.
On August 15, the business revealed the Ola S1 electric scooter, which comes in two versions: S1 and S1 Pro, with prices starting at ₹99,999 and ₹1,29,999, respectively.
The acquirement will support platforms like Ola and Ola Electric to produce improvements in transforming satellite representation into real-time maps and 3D, high-definition (HD), and vector maps.
"India is committing to EVs and rejecting petrol! We sold 4 scooters/sec at peak & sold scooters worth 600Cr+ in a day! Today is the last day, the purchase will shut at midnight. So lock in this introductory price and buy on the Ola app before we sell out!" says Ola CEO Bhavish Aggarwal.
Ola is set to launch the electric scooter on Indian independence day, i.e., August 15.
A press released stated that, Over the last few months, Ola has seen a strong recovery in its ride-hailing business as customers look for safer ways to move
Ola had opened bookings for Ola Scooter from July 15 for a token sum of ₹499
“The unprecedented demand is a clear indicator of shifting consumer preferences to EVs”, says CEO Bhavish Aggarwal.
The fundraising comes at a time when Ola's business has been struggling due to the COVID-19 pandemic which has had an adverse effect on the mobility sector.
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