Company launches eight models under S1 brand; share price up 9.78 per cent from its previous close
New Delhi: Ola Electric on Friday said it has launched eight scooter models under the S1 brand, developed on its Gen 3 platform, priced between Rs 79,999 and Rs 1,69,999.
The company said it will continue to retail its Gen 2 scooters along with the latest Gen 3 S1 scooters. Ola will offer discounts on Gen 2 scooters of up to Rs 35,000, with S1 Pro, S1 X+ (2kWh, 3kWh, and 4kWh) now starting at Rs 1,14,999, Rs 69,999, Rs 79,999 and Rs 89,999, respectively, it added.
“With our first generation of scooters we offered customers a truly aspirational electric scooter that kickstarted the EV revolution in the country,” Ola Electric Chairman and MD Bhavish Aggarwal said in a statement.
With Gen 2, the company made its scooters smarter, and more accessible by expanding the portfolio, he added. “Today, with Gen 3, we are taking the EV 2W industry to the ‘Next Level’. Gen 3 is bringing unmatched performance, superior efficiency and reinventing benchmarks we set for ourselves, and which will change the industry all over again,” Aggarwal said.
Headlining the Gen 3 portfolio is the flagship S1 Pro+ 5.3kWh (with 4680 Bharat Cell), and 4kWh priced at Rs 1,69,999, and Rs 1,54,999, respectively. The S1 Pro, available in 4kWh and 3kWh battery options, is priced at Rs 1,34,999 and Rs 1,14,999, respectively.
The S1 X+ range is priced at Rs 79,999 for 2kWh, Rs 89,999 for 3kWh, and Rs 99,999 for 4kWh, with S1 X+ available with the 4kWh battery and priced at Rs 1,07,999.
The Gen 3 platform also introduces the category-first dual ABS (Anti-lock Braking System), and patented brake-by-wire technology for EV scooters which applies brakes based on the brake position sensor and dynamically modulates the type of braking between regenerative and mechanical braking.
The patented technology offers safety, control, and highly efficient braking in all riding conditions and increases energy recovery by 15 per cent, Ola said.
Shares of Ola Electric Mobility were trading at Rs 73.39 a piece in afternoon trade on BSE on January 31, up 9.78 per cent from its previous close.
