Ola Electric plans to create a portfolio of products that will include electric cars and scooters powered by an indigenously produced battery.
Bhavish Aggarwal, founder, and CEO of homegrown electric vehicle maker Ola Electric announced the introduction of its new Ola S1 scooter, as well as the new indigenously built lithium-ion battery, and revealed Ola Electric’s goal for India to become a worldwide EV powerhouse. He also shared some fresh information about the company’s planned electric car.
“Over the last year, EVs have been at the core of changing personal transportation,” added Aggarwal. Ola has been at the forefront of this transformation, pushing uptake, improving access, and lowering costs. There is still much to be done. Less than 15% of Indians now possess a 2W or a 4W, and with India primed for robust economic growth, the Indian automobile sector will see demand for 20 million 4Ws and 50 million 2Ws each year.
Ola Electric’s ‘Mission Electric 2022’ event, which featured pre-recorded video from its future factory in Tamil Nadu, was aired live on YouTube.
“We think that India must become the worldwide hub of the EV revolution, commanding 25% of the global automobile market. Today, Ola is taking Mission Electric to the next level by ensuring that we have a plan in place to invest in technology, scale, and deliver excellent goods to India. We will be developing the EV paradigm for the rest of the globe as we construct for India “he remarked.
New Ola S1 scooter
Bhavish kicked off the event by unveiling the Ola S1 electric scooter in India, which targets a lower pricing category than the Ola S1 Pro. Interestingly, the company was already selling the Ola S1 scooter, which was one of the two models announced during the presentation; however, the company shortly discontinued selling these scooters.
The new Ola S1 has initial pricing of Rs 99,999 (ex-showroom), and bookings may be made through the company’s official app for a token sum of Rs 499 from August 15 to August 31. The scooter will go on sale on September 1 for pre-booked orders, and on September 2 for everyone else. The company also announced that delivery for the Ola S1 will begin on September 7.
According to the company, the new Ola S1 will have a 3kWh battery pack and a range of 131 km which has been verified by ARAI. The scooter will have a peak speed of 95 kilometers per hour and will be available in five colors: red, jet black, porcelain white, blue, and liquid silver.
The CEO of Ola Electric also revealed that Move OS 3, the third generation of the software that powers Ola’s scooters, will be delivered this Diwali. Moods, digital key sharing, proximity unlock, enhanced regen, and papers on your scooter will all be included in the new OS.
Upcoming Ola electric car
OlaElectric, which currently sells EV scooters in India, claims to be working on an electric car that would be among the quickest and sportiest in the country, as per Aggarwal. The future electric car from Ola, according to Aggarwal, would feature “the finest performance, best design, and best technology ever produced in an Indian automobile.”
He stated that the future EV will be able to accelerate from 0 to 100 kmph in 4 seconds and have a driving range of more than 500 kilometers on a single charge. He also stated that the new vehicle will have an all-glass top, a drag coefficient of less than 0.21, the company’s own Move OS, and assisted driving capabilities. The automobile is scheduled to arrive in 2024.
Ola also unveiled plans to build two new vehicle platforms and six distinct cars at its Tamil Nadu future factory, which would expand in terms of output and manufacturing.
New battery tech
Aggarwal also displayed a battery module and stated that it is produced from cells created in-house by Ola Electric, a first for any Indian car OEM. Aggarwal also spoke on bringing an EV revolution to India, claiming that the Ola Future facility will be capable of producing one million EV vehicles, ten million two-wheelers, and 100 GWh battery cells per year.
“We failed to capitalize on the semiconductor, solar, electronic, and other industrial revolutions. However, everyone on the globe is only getting started with electric cells and batteries. We can dominate the market if we invest now and in large amounts “Aggarwal made a statement at the time. The business has vowed to open more than 100 hyper-chargers in the country’s “top 50 cities.”
We all know that Ola Electric made a major splash by redefining our perception of what a contemporary electric scooter ought to be. We witnessed the S1 Pro’s success as well as Ola’s unwavering commitment to improving its products through priceless over-the-air upgrades in the form of Move OS 3, which is anticipated to launch around Diwali. The event featured Bhavish Aggarwal’s remarks about starting an EV revolution in India. Furthermore, Ola claims that its future facility would be extended across 1,000 acres to accommodate the manufacturing capabilities necessary to produce 10 million scooters, 1 million electric cars, and cells with a total capacity of 100 GWh.
Ola now desires to dance among the big fellas. We’re not just talking about electric two-wheelers here, but the broader parts of the EV sphere. Ola seems it has been holding its cards close to its vest and has a lot more to give. It’s heating up in the EV industry again, as Ola Electric yet again has large and exciting aspirations that wouldn’t just rely on hype, but also on promised end-products.