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Ola Electric Slashes Prices Of S1 X Escooters, Deliveries To Begin Next Week
Inc42
·
1y ago
Medial
Ola Electric, led by Bhavish Aggarwal, has reduced the prices of its electric scooters in an effort to boost sales and increase electric vehicle adoption. The S1 X range, available in three battery configurations, will now be priced at INR 69,999, INR 84,999, and INR 99,999 respectively. Ola Electric also announced the introduction of a portable fast charger accessory and revealed that it had reached a registration milestone of 5 lakh units. These developments come as Ola Electric moves towards its IPO, having filed its DRHP in December 2023.
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Ola Electric slashes S1 X scooter prices
Economic Times
·
1y ago
Medial
Ola Electric has reduced the prices of its S1 X range of scooters in a bid to strengthen its position in the electric two-wheeler market. The 4 kWh variant of the S1 X is now priced at Rs 99,999, down from Rs 1,09,999, while the 3 kWh version is now priced at Rs 84,999, down from Rs 89,999. Ola Electric also reduced the price of the 2 kWh version of the scooter from Rs 79,999 to Rs 69,999. Deliveries of the vehicles are set to begin next week. Ola Electric's move comes shortly after rival Ather Energy launched its own scooter range, Rizta, with prices starting at Rs 1.09 lakh.
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Ola Electric to start deliveries of Roadster X bikes from Friday: Bhavish Aggarwal
Economic Times
·
2m ago
Medial
Ola Electric is set to commence deliveries of its electric motorcycle, Roadster X, by the end of the week as announced by Founder Bhavish Aggarwal. The Roadster range, disclosed last August, includes models Roadster X, Roadster, and Roadster Pro. Prices begin at Rs 74,999, with the top variant offering a 501 km range per charge. Initially, deliveries were planned for Q4FY25 and Q4FY26 for the general lineup and Roadster Pro, respectively.
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Ola Electric rolls out lower prices of S1 X range to challenge Ather’s Rizta
Thehindubusinessline
·
1y ago
Medial
Ola Electric, the IPO-bound electric vehicle manufacturer, has reduced the prices of its S1 X portfolio scooter range by up to INR 10,000. The S1 X (2kWh) is now priced at INR 69,999, while the 3kWh and 4kWh variants will cost INR 84,999 and INR 99,999 respectively. The company has also announced revised prices for S1 Pro, S1 Air, and S1 X+ models. Ola Electric achieved its highest-ever monthly sales in March with 53,184 registrations. The company also offers an extended battery warranty and add-on warranty for its products. Additionally, it has introduced a portable fast charger accessory priced at INR 29,999. Ola Electric plans to establish an EV hub in Tamil Nadu.
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Ola Electric starts deliveries for S1 Gen 3 scooter portfolio
Economic Times
·
4m ago
Medial
Ola Electric has commenced deliveries for its S1 Gen 3 scooter portfolio across India. The range starts at Rs 79,999 for the S1 X (2kWh) and goes up to Rs 1,69,999 for the S1 Pro+ 5.3kWh. Deliveries are made through Ola's network of stores and direct home delivery services. The S1 Gen 3 scooters boast superior performance, enhanced safety features, and improved efficiency, according to an Ola spokesperson.
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Ola Electric launches electric motorcycles, to integrate own cells in EVs
Economic Times
·
11m ago
Medial
Ola Electric has unveiled three electric motorcycles - Roadster, Roadster X, and Roadster Pro, with prices starting from Rs 74,999. Deliveries for the Roadster and Roadster X will begin in January 2025, while the Roadster Pro will be available during Diwali 2025. Ola Electric also teased two upcoming motorcycles, Sportster and Arrowhead. The company aims to accelerate electric vehicle adoption in India's two-wheeler market. Ola Consumer plans to revolutionize warehousing through partnerships with FMCG and D2C brands for efficient and automated operations.
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Ola Electric captures over 52 per cent market share
Thehindubusinessline
·
1y ago
Medial
Ola Electric has captured a significant 52% market share in the electric two-wheeler segment in April 2024. The company registered 34,000 new vehicle registrations during the month, with a year-on-year growth of 54%. Recently, Ola Electric introduced new pricing for its S1 X scooter portfolio, offering three battery configurations at different price points. The company also offers an extended eight-year/80,000 km battery warranty to encourage EV adoption. Ola Electric aims to further expand its presence in the mass-market 2W EV segment with the impending deliveries of its S1 X portfolio.
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Ola Electric shares hit 20% upper circuit on affordable EV scooter launch and Citi's 'Buy' call
Economic Times
·
8m ago
Medial
Ola Electric shares surged by 20% on the announcement of the launch of two new affordable electric scooters, priced at Rs 39,000, making them the cheapest in Ola's lineup. The scooters, called Ola S1 Z and Gig, are aimed at gig workers and urban commuters, respectively. Ola has already started accepting reservations, with deliveries expected to begin in April 2025. Citi also played a role in boosting Ola Electric's shares by initiating coverage with a 'Buy' rating and a target price of Rs 90.
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Ola Electric rolls out software upgrade to enhance performance for S1 scooters, Roadster X bikes
Economic Times
·
1m ago
Medial
Ola Electric is rolling out the MoveOS 5 software upgrade for its S1 scooters and Roadster X motorcycles. This in-house developed update enhances performance, reliability, and range, promising a more refined and responsive riding experience. The upgrade, superior to the Gen 3 platform, optimizes the motor control unit. It will be available to all S1 and Roadster X users via an over-the-air update starting this week, reflecting Ola's commitment to continuous innovation.
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Ola Electric launches Roadster X series, deliveries to begin mid-March
YourStory
·
6m ago
Medial
Ola Electric, led by Bhavish Aggarwal, has begun pre-orders for its electric motorcycles, Roadster X series, with deliveries starting mid-March. The Roadster X+ 9.1kWh variant includes the 4680 Bharat Cell. These motorcycles reflect Ola's commitment to deepening the EV revolution in India, following their successful electric scooters. Available in various kWh models, prices range from ₹74,999 to ₹1,54,999. Aggarwal emphasized customer safety and faster electrification of motorcycles.
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IPO-bound Ola Electric gets PLI certification for its second scooter: Report
Livemint
·
1y ago
Medial
Ola Electric, the Indian electric vehicle manufacturer, has received the Domestic Value Addition (DVA) certification for its S1 Pro scooter. This is the second DVA certification for Ola Electric, making them eligible for various incentives under the Production-Linked Incentive (PLI) scheme for the next 5 years. Ola Electric is also planning an IPO to raise ₹5,500 crore. The funds will be used for expanding manufacturing capacity and research and development.
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