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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,
Matter Motors raises Rs 82 crore from Japan Airlines & TransLink Innovation Fund, others
Matter Motors secures significant funding from diverse investors, propelling expansion plans. With a competitive market landscape, the company aims to deliver innovative electric motorcycles globally, targeting European markets like Turkey and Spain for growth.
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.
Zomato’s Rs 300-crore Blinkit boost; Ola Electric gets IPO nod
Food delivery company Zomato will infuse Rs 300 crore into its quick commerce unit Blinkit. This and more in today’s ETtech Top 5.
EV ride-hailer BluSmart seeks $300 million to expand car fleet
BluSmart, India’s top electric cab operator, aims to raise $300 million to expand its fleet with cars from top manufacturers, targeting major cities for premium service. The company focuses on electrification and sustainability efforts in India, with plans to double revenue by 2025.
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.
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Okaya EV MD Anshul Gupta reveals company's future strategy, says not in a price war with Ola
Okaya launches premium brand Ferrato with Disruptor electric bike. Anshul Gupta discusses future plans, FAME subsidy, market share changes, network expansion. Focus on premium products, impact of subsidies, resale value, and EV chargers standardization.
Ola Cabs CEO quits; Elon Musk scores big win in China
Just three months after joining the ride-hailing firm, Ola Cabs CEO Hemant Bakshi has called it quits. Details on this and more in today’s ETtech Top 5.
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.
Battle of e-scooters for customers moves to India’s hinterland
The electric scooter segment in India is set for a fierce battle between legacy and new-age OEMs with the launch of Ather Energy's Rizta. Distribution and finance options in small towns and cities will determine the outcome. Legacy OEMs like TVS and Bajaj are expanding their networks, while new-age OEMs face challenges in rural areas due to financing limitations. Offering affordable solutions and innovative financing options could change market dynamics in favor of new-age OEMs.
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.
You may have just few days left to get your favourite electric scooter at best prices
Time is running out to purchase an electric scooter with FAME subsidies. Ather Energy, Okaya, and Ola Electric offer exclusive discounts. Act quickly to take advantage of the limited-time offers before March 31.
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.
Ola expands electric bike taxi service to Delhi, Hyderabad; plans India-wide scale-up
With the deployment of these vehicles, Ola claims to have the largest EV 2W fleet in the country. The company will scale up the e-Bike services throughout India by the end of this year, the statement added.
Ather 450S electric scooter price reduced by Rs 20,000. Check new prices here
Bengaluru-based Ather Energy has announced a major price cut on its entry-level model, the 450S, to expand its customer base. The EV maker has reduced the price of the 450S by Rs 20,000, making it available at a starting price of Rs 1.09 lakh in Bengaluru and Rs 97,500 in Delhi. The price for the 450S with the 'Pro Pack' has also been reduced by Rs 25,000. Ather Energy is now the sole competitor with the lowest starting price among electric two-wheelers in the market.
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.
From Ola S1X to Simple Dot One, five cheap electric scooters with atleast 50 kmph speed
Electric scooters now come in various options, catering to different preferences and budgets. For those seeking an affordable yet efficient e-scooter with a minimum speed of 50 kmph, here are five options worth considering.
Kinetic Zulu vs Ather 450S vs Ola S1 X: Which is the best affordable electric scooter?
Explore the electric scooter landscape with the newly launched Kinetic Green Zulu, challenging contenders Ather 450S and Ola S1 X. The Zulu boasts a 2.1 kW powertrain, 104 km range, and a Rs 94,990 price tag. Dive into our comprehensive comparison, dissecting specs and prices to find your ideal ride.
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.
Simple Dot One electric scooter coming this December 15, to compete with Ola S1 X
The scooter will be built on the same platform as the Simple One and will come equipped with a fixed 3.7 kWh battery pack. It is certified to offer a range of 151 kilometers, which extends to 160 kilometers in IDC testing.
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