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Ola Electric opens pre-bookings for its e-scooter at INR 499, Auto News, ET Auto

Ola Electric opens pre-bookings for its e-scooter at INR 499New Delhi: Ola Electric on Thursday opened pre-bookings for its electric scooter. “Starting today, consumers can reserve their Ola Scooter on the official website by paying a refundable deposit of INR 499. Those who reserve now will get priority delivery,” the company said in a media release.

Bhavish Aggarwal, chairman and group CEO, Ola, said, “India’s EV revolution begins today as we open reservations for our electric scooter, the first in our range of upcoming EVs. With its incredible performance, technology and design along with aggressive pricing, it will help accelerate the transition to sustainable mobility. India has the opportunity and potential to become the world leader in EVs and at Ola, we are proud to lead this charge.”

“It will be priced aggressively to make it widely accessible. Ola will reveal the features and price in the coming days,” the company said in the release.

Ola Electric had announced INR 2,400-crore investment last year for setting up its first electric scooter factory in Tamil Nadu.

Last year, Ola Electric had also acquired the Amsterdam-based Etergo BV for an undisclosed amount. The acquisition of Etergo was aimed at further bolstering its engineering and design capabilities in the electric mobility space.

When launched, the Ola electric scooter will go up against Hero MotoCorp-backed Ather Energy, Bajaj Auto and others.

“Today’s agreement for long term debt financing between Ola and Bank of Baroda signals the confidence of the institutional lenders in our plans to build the world’s largest two-wheeler factory in record time. We are committed to accelerating the transition to sustainable mobility and manufacture made in India EVs ,” said Bhavish Aggarwal, Chairman & Group CEO, Ola.

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