New Delhi: After weeks of build up, Ola Electric on Sunday launched its first electric scooter S1 at a price of Rs 99,999 for the entry level variant with a smaller battery and Rs 129,999 for the top end version.
The S1 has a 3.97 Kwh lithium ion battery pack with a peak power of 8.5 KW, a range of 181 kilometers under standard conditions and a top speed of 115 kph. The base variant 2.98 kilowatt hour battery pack, a shorter range of 121 kilometers and top speed of 90 kph. It accelerates from standstill to 40 kph in 3 seconds. The effective prices after taking in subsidies by various state governments would be even lower. In Gujarat for example, the scooter will have a starting price of Rs 79,999, in Delhi Rs 85,099, in Rajasthan Rs 89,968 and in Maharashtra Rs 94,999.
“Scooters ought to be vibrant and fun. The current crop of petrol scooters are boring, dull, slow and clunky. It is time to change that,” said Bhavish Aggarwal, CEO, Ola Electric. “We are making not just the best electric scooter but the best scooter overall. It has the best design and is backed by the best technology.”
The best selling petrol scooter in the country–the Honda Activa, is priced between Rs 70,000-80,000. The high speed variants of Hero Electric, the current marketleader in electric two wheelers, is priced between Rs 54,000-72,000. The performance and range of these scooters are however, not comparable with those claimed by Ola in the S1.
From a standard home socket, the scooter can be charged in about 6 hours. But Ola is also setting up a network of superchargers in the country which would enable it to be recharged in under 40 minutes. Among the first in class features include a range of connectivity options, a reverse mode and hill hold feature. It also doesnt even have a key. The vehicle control unit has an Octa-core processor, 3 GB of RAM and high-speed connectivity through 4G, Wi-Fi and Bluetooth.
Ola has committed an investment of Rs 2400 crore towards a factory spread over 500 acres which would have an eventual capacity of 10 million units. To start with the capacity is at 1 million units.
The company has so far received over 1 lakh bookings for the S1. To put things in context, less than 1.5 lakh electric scooters were sold in India in the entire 2020-21. Customers would however still have to wait a while longer before they get the vehicle. Ola will only start deliveries in October.
Ather Energy’s two electric scooters are priced at Rs 125,490 onwards. The 450X has a top speed of 80kph, range of 116 kilometres, can accelerate from 0-40 kph in 3.3 seconds and is priced at Rs 144,500.