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.