Ola Electric, an Indian electric vehicle (EV) business, surpassed the 20,000 mark once more in November. In October, the EV unicorn firm revealed that it has sold 20,000 units of its S1 series of e-scooters, breaking the 20,000-unit barrier. According to the Vahaan webpage, Ola has become the leading EV seller in India, followed by Okinawa scooters, which manufactures over 17,000 scooters.
Commenting on this development, Bhavish Aggarwal, Founder and CEO of Ola, said, “The End of ICE Age is now a reality. The complete dominance of EVs in the premium scooter segment shows that the only reason why customers still consider an ICE vehicle today is due to the lack of world class EV alternatives. We will continue to build and expand aggressively with products across multiple segments and price-points and lead the transition of the Indian 2W industry to 100 per cent EVs by 2025!”
The company’s plant in Krishnagiri, Tamil Nadu, produces these EV scooters. The manufacture of e-scooters began in November of last year, and the company has so far released three models in the S1 series: the Ola S1 Air, the Ola S1 Pro, and the Ola S1.
This month, the company will also unveil MoveOS 3, a new category of e-scooters. This calendar year, the corporation also opened 14 additional experience centres in 11 cities. According to a report by consulting firm RBSA Advisors, India’s electric vehicle (EV) market is predicted to develop at a compounded annual growth rate (CAGR) of 90% this decade, reaching $150 billion by 2030.
According to the analysis, India’s transformation to shared, electrified, and connected mobility could help the country avoid approximately one gigatonne of CO2 emissions by 2030. TVS iQube, Bajaj Chetak, Ather 450X, and Hero Motocorp’s freshly debuted VIDA V1 series are among the other two-wheeler players in the market.
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