Ola Electric Mobility Pvt priced its electric scooter at 99,999 rupees ($1,348) in an attempt to crack the affordability barrier for electric two-wheelers in value-conscious India.
The SoftBank Group Corp.- and Tiger Global Management-backed electric vehicle unicorn unveiled the price of the Ola S1 during an official launch timed to coincide with India’s Independence Day on Sunday. The basic version of the electric scooter will have a range of 121 kilometers (75 miles) on a complete charge.
The final price will vary according to subsidies offered by each state government, the company said. Deliveries will commence in October in over 1,000 cities, and exports to countries in Asia, Latin America and Europe will begin in the coming months.
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August 15, 2021 at 04:05PM
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India's Ola Electric Prices E-Scooter Near Traditional Bikes - Bloomberg
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