Ola Electric Mass Mobility

Ola Electric on Tuesday announced a festive campaign with prices of its S1 scooters and Roadster X motorcycles starting at Rs 49,999 for nine days starting September 23. Under Ola Muhurat Mahotsav, the customers now stand a chance to own Ola's scooters and motorcycles daily at never-before-seen prices, the Bengaluru-based electric two-wheeler maker said in a statement. Under the Muhurat Mahotsav, S1 X 2kWh and Roadster X 2.5kW will be priced at Rs 49,999, and S1 Pro+ 5.2kWh, and Roadster X+ 9.1kWh will be priced at Rs 99,999, it added. Both S1 Pro+ 5.2kWh and Roadster X+ 9.1kWh come with 4680 Bharat Cell battery packs. The company said it will offer limited units of the S1 and Roadster at these prices on a first-come, first-served basis, with Muhurat time-slots being announced on the brand's social media handles each day. "The Muhurat Mahotsav is not just about never-before prices, it's about making world-class EVs accessible to every Indian household, while celebrating our shared

The company's clarification came amid sales figure mismatch, consumer complaints

That means more than 95% of the stores on which Bloomberg News saw the data, lacked basic certification needed to display, sell, offer test rides on or transport unregistered two-wheelers

Currently, Ola operates around 800 stores and with the new additions, the number of outlets, which will also function as service centres, will reach 4,000

Ola Electric has launched its new range of scooters Gig and S1 Z. Deliveries for the Ola Gig and Ola S1 Z series are scheduled to begin in April and May of 2025 respectively

The future of mobility is electric - not just in personal mobility but also for the ride-hailing business, and there is immense opportunity for expansion in India, said the statement

FAME-III will drive low-emission public transport

The funds raised are expected to create an interim event and pave the way for an initial public offering (IPO), which may be in the range of $800 million to $1 billion

Not surprisingly, Aggarwal's rivals are less than charitable towards him and, though they won't come on record while saying this, dismiss Aggarwal's e-motorcycles as "another of his teaser campaigns"

Ola is building what it's touting as the world's largest electric vehicle hub to churn out battery-powered two-wheelers, cars and EV cells, in addition to housing vendor and supplier facilities

'Looking at synergies with EV business, will announce details soon'

The experience centres will enable customers to touch and feel Ola scooters, clarify their queries, and avail support both before and after purchase

The SoftBank-backed company expects to turn cash-flow positive in three quarters and highlighted that it has more than 60,000 scooters on the road, according to a Kotak Institutional equities report

Mass production to begin in 2023 at upcoming Gigafactory; firm says use of specific chemistry and materials enables the cell to pack more energy, improves its overall life cycle

Ola Electric, which had to defer e-scooter sales due to a website glitch last week, opened the purchase of Ola S1 and S1 Pro on Wednesday

The company has claimed this to be the largest long-term debt financing agreement for the Indian EV industry

Tata is also an early investor in ANI Technologies, Ola's parent company. He had invested in ANI Technologies in July 2015

India's largest taxi aggregator Ola has kicked off a pilot project to demonstrate mass electric mobility in partnership with carmaker Mahindra and the government of India in the city of Nagpur, Maharashtra. Ola will aggregate electric cars, buses, rickshaws and autos on its platform, allowing customers to book them in a manner similar to how they hail gas-powered cabs today. Initially a fleet of 100 Mahindra e2o plus hatchbacks, along with another 100 vehicles from manufacturers such as Tata Motors, Kinetic, BYD and TVS will be available to customers in Nagpur. "India has the need as well as the potential to set a global example on electric adoption to power its mobility needs. We believe that Electric Mobility in a multi-modal format, will be key towards realizing our mission of building mobility for a billion Indians," said Bhavish Aggarwal, co-founder and CEO at Ola. Ola says it has already invested Rs 50 crore in procuring electric vehicles for the pilot and setting up 50 ...