Ola Electric Scooter Updates

Thursday, 14 November 2024 12:27 AM Ola Electric is set to launch its Gen 3 electric scooters in January 2025, featuring in-house developed batteries and a new platform that integrates the motor, battery, and electronics into a single unit. This design aims to enhance efficiency, reduce weight, and lower production costs. I think this could be a game-changer for Ola in the competitive Indian EV market.

Friday, 01 November 2024 11:23 AM In October 2024, Ola Electric reported strong sales, selling over 50,000 units and registering 41,605 units, marking a 74% year-over-year growth. This surge was driven by festive demand and an expanded sales network. The company maintained a 30% market share in the EV 2W segment.

Tuesday, 01 October 2024 10:15 PM Ola Electric faced a decline in sales in September 2024, selling 23,965 vehicles, which is the lowest monthly sales for the year. The companys market share dropped to 27% due to increased competition from TVS Motor and Bajaj Auto, and service network issues. I believe addressing these service issues will be crucial for Ola to regain its market lead.

Thursday, 01 August 2024 08:00 AM Ola Electric announced the launch of its new Gen 3 platform in August 2024, which will introduce significant technological upgrades, including a magnetless motor and advanced 4680 battery cells. This platform is expected to improve performance by 26% and reduce costs by 22.5%.

Thursday, 01 August 2024 09:25 PM In August 2024, Ola Electric unveiled its Roadster motorcycle series at the Sankalp event, which includes models like Roadster X, Roadster, and Roadster Pro with various battery configurations. These motorcycles are designed to offer segment-first technology and performance features.

Friday, 01 March 2024 08:11 PM Ola Electric achieved record registrations of over 53,000 units in March 2024, marking a nearly 100% annual surge. This growth reflects the increasing adoption of electric vehicles in India, particularly in Tier 2 and 3 markets.

Thursday, 01 February 2024 05:08 PM In February 2024, Ola Electric recorded 35,000 registrations, a nearly 100% annual increase. This surge indicates strong consumer demand and the companys expanding market presence. I believe this trend will continue as more consumers opt for eco-friendly transportation.

Sunday, 01 October 2023 11:55 PM Ola Electric introduced an 8-year extended battery warranty across its range of e-scooters in October 2023. This move is part of the companys efforts to enhance customer confidence and after-sales service experience. I think this warranty will significantly boost customer trust in Olas products.

Tuesday, 01 August 2023 10:42 PM Ola Electric launched the S1 X mass market range in 2023, priced from Rs 69,999 to Rs 99,999. This range is designed to cater to different customer needs with various battery configurations. The launch was part of Olas strategy to make electric scooters more affordable and accessible.

Thursday, 01 June 2023 08:30 PM Ola Electric raised Rs 3,200 crore in funding to support its EV business expansion in 2023. This investment is crucial for the companys plans to enhance its manufacturing capabilities and expand its product lineup. I think this funding will help Ola stay competitive in the growing EV market.