Ola Electric‘s founder and CEO, Bhavish Aggarwal, teased an upcoming announcement, hinting at something significant in a recent tweet. He wrote, “It’s 1st Dec. Shall we make it a December to Remember. Something BIG coming up @OlaElectric! Any guesses?”
This cryptic message sparked speculation among netizens, ranging from expectations of a new Ola EV car to rumors about a potential Ola IPO. The anticipation was fueled further as this revelation followed the company’s announcement of record-breaking sales in November.
As per Vahan data, Ola Electric garnered an impressive 30,000 registrations, driven by robust festive demand. The company’s remarkable month-on-month growth of approximately 30% and a notable year-on-year growth of 82% reaffirmed its dominance in the e-scooter segment, securing a substantial 35% market share.
Maintaining its leading position for the past five quarters since September 2022, Ola Electric’s expanded S1 scooter portfolio received overwhelming praise since its launch. During the festive season, the Ola S1 Pro and S1 Air models emerged as popular choices, playing a pivotal role in promoting EV adoption in India.
Priced at INR 1,47,499, the flagship Ola S1 Pro (2nd Generation) and the INR 1,19,999 S1 Air have become sought-after models. Ola Electric has also introduced the S1X, designed to replace traditional internal combustion engines. The S1X offers three variants: S1 X+, S1 X (3kWh), and S1 X (2kWh), catering to diverse rider preferences. The introductory price for the S1 X+ is INR 1,09,999, while customers can reserve the S1 X (3kWh) and S1 X (2kWh) for just INR 999.
