Bengaluru-headquartered ride-hailing and mobility platform Ola on Sunday announced the launch of its first model of electric two-wheeler, Ola S1. The vehicle priced at Rs 99,999 exclusive of state government-backed incentives, will be available for purchase from September 8, 2021.
Bhavish Aggarwal, CEO of Ola Electric said that the company will start delivering the Ola S1 across 1000 cities and towns in October and is open for pre-booking at Rs 499. The company had first announced the launch of the electric two-wheelers in July.
Aggarwal also emphasized on lowering dependence on petrol. “We are taking this moment to announce ‘Mission Electric’, a pledge that no petrol two-wheeler will be sold in India after 2025. This is a mission that we are putting forward to the industry and to the consumers to reject petrol and fully commit to electric,” Aggarwal said in the post.
The two-wheeler available in two variants includes an anti-theft alert system and has a range of 181 kilometres on a single charge with a top speed of 115 kmph.
This will be the first line of vehicles from Ola Electric’s Future Factory set up in March this year. The company has said that it will be investing nearly $323 million (Rs 2400 crore) to set up the facility with a capacity for producing 10 million vehicles annually by 2022.
Ola Electric’s offerings will compete directly with existing electric two-wheeler makers in India including Ather Energy which launched its electric two-wheeler variant for Rs 1.40 lakh.