Ola is launching two new electric scooters, the Ola S1 and S1 Pro, to revolutionize the Indian automobile market. The scooters were developed using technology from Dutch company Etergo, which Ola acquired after raising $250 million from SoftBank. Key specifications of the Ola electric scooters include a range of 80km per charge, a 1155 watt battery capacity, digital displays, remote start, and connectivity features. Ola has already received over 100,000 bookings within 24 hours and aims to compete with other Indian EV brands like Ather and TVS. The company plans to launch the scooters in the coming months and setup a network of 5000 charging stations across
2. INTRODUCTION
• Ola is aiming to make a revolution in Indian
automobile market in the coming future for
this prospect first they are launching an
electric scooter with a nomenclature Ola S1
and S1 pro electric scooters .
• The Indian Government actively pushing to
shift into electric vehicles in its pursuit to
bring down oil imports and Curb pollution.
3. The Main reason behind this idea is that Ola Electric has raised a huge
funding of 250 million from SoftBank a Japanese investment company.
From this funding they have bought a Dutch E-scooter company called
Etergo .
So from this Dutch E-scooter company they have developed the two
wheeler with some premium features and benefits .
4. KEY SPECIFICATIONS
Driving range
80km/charge
Batter capacity
1155 wat
Breaks double
disc
Remote start
7 inch full
color touch
screen
Internet
connectivity
and Navigation
Tripmeter and
Speedometer
are digital
5. Above mentioned features are the key specifications that differentiaties from other
brand electric vehicles.
Recently Ola electric opened bookings for the scooters and they've received about
one lakh bookings within 24 hrs and thats a record.
But any field does have some competitors and Ola also ready to compete with Ather
450x and TVS iQube .
6. Ola electric is so confident that they can make their own mark in the Indian two
wheeler market .
Co-founder Bhavish Agarwal recently driven the bike in Bangalore and said that
they may launch the scooter in coming months and regarding to the charging
stations they are about to launch 5000 stations in 100 cities all over India during first
year.
Price of the electric scooter may be around 1lakh and they have claimed that Ola
electric scooter has more range and distance covered when compared to other bikes.
7. References
Ola Electric turns unicorn with SoftBank's
$250-million investment (By Peerzada
Abrar)
https://www.business-
standard.com/article/companies/ola-electric-
raises-250-million-from-softbank-joins-the-
unicorn-club-119070201132_1.html.
Ola Electric Scooter Spied In New Colors Ahead Of
Launch (By Punya Sharma).
https://www.bikedekho.com/news/ola-electric-
scooter-spied-in-new-colours-ahead-of-launch
