OLA S1 PRO SCOOTER
India needs to build its own EV paradigm, products, and core technology in the EV stack: Bhavish Aggarwal, Ola
This is the start of the EV penetration. India is the world's largest two-wheeler market. 20 million two-wheelers are sold a year. Over time, EV penetration will grow to a much larger percentage in the overall industry and there is no single company that can achieve that full transition, says Bhavish Aggarwal,
Ola Electric to invest $100 mn in first phase of Gigafactory, says Bhavish Aggarwal
Ola Electric, the electric vehicle manufacturer, plans to invest $100 million in the first phase of building its Gigafactory for producing lithium-ion battery cells. The investment will be used for 'phase 1A' of the Gigafactory, which will set up 1.5 GWh of cell manufacturing capacity. The aim is to expand capacity to 5 GWh in 'phase 1B'.
Ola Electric to invest $100 million in gigafactory
Ola Electric founder Bhavish Aggarwal said is developing a 4680 form of battery cells, which is more energy-dense and advanced than the 2170 form of battery cells it currently sources for its electric scooters.
Ola plans to launch four electric motorcycles, to start delivery of Ola S1 X models from FY25
Ola Electric has received SEBI approval for its IPO, aiming to raise up to Rs 5,500 crore through fresh equity and an offer for sale. The EV maker plans to expand its product line with new motorcycles and scooters while boosting production capabilities.
Ola Electric gets Sebi nod for public offer
Ola Electric, set for a $6 billion IPO, plans layoffs amid IPO filings by Swiggy and FirstCry.
Sachin Bansal exits Ather Energy selling remaining stake to Hero MotoCorp, Nikhil Kamath
Hero MotoCorp bought this stake at an inferred valuation of Rs 5,636 crore. This is a premium to the Rs 4,666-crore valuation at which the company had invested Rs 140 crore in Ather in December 2023.
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Ola Electric eyes leaner road to profitability, to cut 400-500 roles
Ola Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as the senior leadership is still concluding the scale of the layoffs. They are expected to hit multiple verticals, sources told ET.
Ankush Aggarwal returns to Ola Cabs; declining H-1B visas for IT staff
Happy Tuesday! Ola Cabs founder Bhavish Aggarwal’s brother Ankush is back at the ride-hailing business. More on this in today’s ETtech Morning Dispatch.
April electric two-wheeler sales halves on month
Electric two-wheeler sales plummeted 50% in April due to a seasonal slump worsened by subsidy changes. Ola Electric dominated with 33,000 scooter sales. Legacy firms like Bajaj and TVS Motors also saw declines.
Ola Electric slashes S1 X scooter prices
Ola Electric reduces S1 X scooter prices to bolster market position against Ather's Rizta. FY24 market leader with extended warranty and sales surge. Transition from FAME-II subsidies to EMPS. Subsidy approvals granted to key players.
Ola reduces prices of S1X variants, cheapest scooter to now come at Rs 69,999
Ola Electric slashes S1X variant prices with the cheapest model now at Rs 69,999. Various models available with different kWh variants. Deliveries starting next week. Extended battery warranty introduced across the lineup.
Ola to slash S1X's price?
Ola's S1X electric scooter, with 143km range and 90 km/hour speed, gained popularity with record registrations. CEO Bhavish Aggarwal hinted at further price cuts, driving increased sales and market share.
India must keep e-scooter subsidies to boost adoption, Ather CEO says
India's e-scooter market is small but growing, accounting for 5% of total two-wheeler sales in fiscal 2023-2024. Ather was one of the first to drive the pick-up in adoption with the launch of its 450 series of e-scooters in 2018, but has fallen behind larger rivals Ola Electric and TVS Motor, whose discounts have driven sales.
AMO Mobility launches high-speed smart electric scooter Jaunty i Pro at Rs 1.15 lakh
AMO Mobility's Jaunty i Pro, priced at INR 1.15 lakh, offers 120 km range, 3 speed modes, and advanced safety features, aiming to drive electric two-wheeler adoption in India's urban and rural areas.
Not an April Fools joke: Bhavish Aggarwal teases Ola Solo, world's first self-driven electric scooter
Ola Electric's CEO Bhavish Aggarwal introduces Ola Solo, the first autonomous electric scooter. Packed with advanced AI technology, safety features, and a unique 'Juice Up' capability, the scooter aims to revolutionize ride-hailing and local commerce.
Ola Electric sees record registrations in March; ends FY24 with 115% growth on year
IPO-bound Ola Electric retains its market leader tag with 328,785 units registered in FY24, the Vahan portal shows. The number has more than doubled from FY23 at 152,741. In the March quarter, the company saw 119,310 registrations, as against 84,133 units in the previous quarter.
Ola announces special discount on Women's Day, offer on electric scooters valid till this day
Ola Electric is offering additional discounts on International Women's Day, on top of the discounts announced earlier. However, the offer is valid for a limited time.
Ola Electric extends offers on S1X, S1 Air, S1 Pro until March 31
Ola Electric extends price cut on S1 X+, S1 Air, and S1 Pro electric scooters till March 31 due to popular demand. Price cuts range from Rs 15,000 to Rs 25,000. 8-year/80,000 km extended battery warranty introduced. Service network to expand by 50 percent.
Ola Electric sees huge jump in sales post price cut: Report
Ola slashed the prices of S1 X+, S1 Air, and S1 Pro last week by upto Rs 25,000, bringing down their price significantly. Post the price cut, the EVs' cost are now almost at par with their ICE counterparts, making them really attractive.
Ola Electric S1 range prices slashed by Rs 25,000. Check prices here
Ola Electric has reduced the prices of its S1 scooter range by Rs 25,000, effective only in February. The S1 X+, S1 Air, and S1 Pro models have been reduced from Rs 1.09 lakh to Rs 84,999, Rs 1.19 lakh to Rs 1.05 lakh, and Rs 1.48 lakh to Rs 1.30 lakh respectively
Ola Electric launches S1 X variant, extends warranty for all products
Ola's S1 X scooter will be available in three different power ranges - the 2 kWh priced at Rs 79,999, the 3 kWh priced at Rs 89,999, and the 4kWh priced at Rs 1,09,999. Ola also announced an extended warranty for all its variants of scooters to 80,000 kilometres (kms) or 8 years.
Ola announces S1X 4kWh model, to establish 10,000 charging points by next quarter
During a live event, Aggarwal also announced improved warranty on Ola scooters - now all Ola scooters will come with 8 years and 89,000 kms warranty. He said that with this Ola scooters will have 2X lifespan than petrol scooters.
Ola scooters to have double lifespan compared to petrol scooters, says Bhavish Aggarwal; announces 8-year warranty
Ola Electric's Bhavish Aggarwal revealed big updates for electric vehicle buyers, announcing an eight-year or 80,000 km warranty for Ola scooters. Addressing concerns about electric vehicle longevity, Aggarwal assured that Ola scooters would outlast internal combustion engine (ICE) vehicles. Additionally, the company plans to establish more service centers nationwide. Ola also launched Ola S1 scooter.
Hero MotoCorp offering huge discounts on Vida V1 Pro electric scooter. Check details
Hero MotoCorp is offering huge discounts on its Vida V1 Pro electric scooter, bringing the effective price down to just Rs 1.25 lakh. The scooter offers a top speed of 80 kmph and a range of 110 km. It has fast charging capabilities and can charge up to 80% in 65 mins. The V1 Pro also features a touchscreen display, LED headlamps, 26L bootspace, and various other nifty features. Additionally, there are instant loan options available for the Vida V1 Pro at just 5.99% interest rate with no processing fee.
Ola Electric announces discounts worth Rs 15,000 on its EVs. Check last date and offers
Ola has announced a range of exciting offers to celebrate the start of the harvest festivities in India including extended warranty, finance deals, as well as flat discounts.
Bajaj Chetak Premium 2024 vs Ola S1 Pro vs Ather 450X
Bajaj Chetak Premium 2024 competes with Ola S1 Pro and Ather 450X in the electric scooter market. While Ola leads in speed and range, Bajaj offers a retro design and competitive pricing at Rs 1.35 lakh, challenging Ather's Rs 1,37,999 e-scooter.
Bajaj launches Chetak Urbane, Premium electric scooters; priced less than Ola S1 Pro, Ather 450X
Bajaj Auto has unveiled two affordable variants of its Chetak electric scooter, priced at Rs 1.15 lakh and Rs 1.35 lakh. The new Chetak variants offer 127 km range, 800W onboard charger, and a host of nifty features.
Ola Electric begins delivery of its most affordable electric scooter, the S1 X+. Check details
The S1 X+ is built on the Gen 2 platform, which is the foundation for all Ola S1 scooters. It comes with a 3 kWh battery that provides a certified range of 151 km. Powered by a 6 kW motor, this electric scooter can go from 0 to 40 kmph in just 3.3 seconds and has a top speed of 90 kmph.
Ola customer thrashes electric scooter with iron rod in viral video
Ola is not new to controversies. In addition to reported fire incidents and technical malfunctions, customers have in the past raised concerns about safety issues related to a software bug causing sudden reverse acceleration of the scooter.
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