Ola Sells Rs 600 Cr Of Electric Scooter In 24 Hours! Bookings Now Closed, Price Will Rise?

Ola Electric has reportedly sold Ola S1 electric scooters worth more than Rs 600 crore.

This means it sold 4 scooters every second of the first 24 hours. 

This amount is higher than what the entire 2-wheeler industry sells in a day. 

When the sale window opened at 8 am on 15 September, it amassed over 80,000 orders within the first 12 hours.

Cheapest e-Scooter In Market

Since the number has risen to over three lakh orders, the company was forced to stop taking any further orders after midnight on 16 September.

This achievement can be seen as a sign that India is slowly warming up to electric vehicles.

It had a starting price of Rs 1 lakh which is cheaper than Delhi prices of rivals like the TVS iQube (Rs 1.01 lakh), Bajaj Chetak (Rs 1.42 lakh) and the Ather 450 (starts at Rs 1.13 lakh).

Booking Process

EMIs for the Ola S1 starts at Rs 2,999 whereas the EMIs for Ola S1 Pro starts at Rs 3,199.

One can choose between opting for a loan or paying in advance.

If the loan option is selected, there will be no paperwork required since the entire process will be digital and online.

The estimated delivery month (Model-Variant-Pin Code combination) will be communicated via email, SMS and the Ola app.

Direct deliveries to customers’ homes will begin from October 2021 onwards.

Battery And Range

The Ola S1 and S1 Pro will come with warranty of 3 years and or 40,000 kilometres, whichever comes first, for their battery packs.

The Ola S1 has a 2.98 kWh lithium-ion battery pack.

It has a range of 121 kilometres.

The Ola S1 Pro has a 3.97 kWh lithium-ion battery pack which is the biggest in production electric two-wheelers in India.

It has a range of 181 kilometres.

The company will provide a portable 750 W charger with both scooters.

Charging

Fully charging the S1 at home will take about four hours and 48 minutes, while a full charge for the S1 Pro at home will take six hours and 30 minutes.

Ola is also building its ‘Hypercharger’ fast-charging network across India where users will be able to regain about 75 kilometres of range in just 15 minutes.

It will have fixed charging stations (including slow- and fast-charging points) in 100 cities across India at the time of the S1 and S1 Pro’s launch, and will eventually cover more than 400 cities.

Upcoming Sale Window

The next sale will begin on 1 November just in time for Diwali.

The booking amount and booking process will remain unchanged.

Reservations remain open on olaelectric.com.

Those who had reserved a spot but did not complete the purchase can do so from the next date.

At present, anyone who has made a booking by paying Rs 499 can choose to pay Rs 20,000 as down payment (regardless of the variant they’ve chosen).

The remaining amount has to be paid at the time of invoicing, as either a direct payment or as a finance option, as provided by Ola Electric.

Ola Electric Hires 10,000 Women For Their Factory: World’s Biggest Women-Only Factory!