Ola Electrical founder Bhavish Aggarwal unveiled the corporate’s Gen 3 electrical scooters on Friday, showcasing improved effectivity and energy, together with a twin anti-lock braking system (ABS) and patented brake-by-wire expertise, boosting power restoration by 15%.
The Gen 3 fashions vary from Rs 79,999 for the S1X (2kWh variant) to Rs 1,69,999 for the S1 Professional+ with a 5.3kWh battery and 320 km vary.
Aggarwal highlighted the generational change within the product structure and famous Ola Electrical’s 25% market share, reclaiming its management place.
Bookings for the Gen 3 fashions are open, with deliveries set to start inside seven days. Gen 2 fashions stay obtainable with reductions as much as Rs 35,000.
The corporate additionally introduced the MoveOS 5 beta rollout in mid-February, that includes a smartwatch app, sensible park, highway journey mode, stay location sharing, and emergency SOS.
In response to buyer complaints, Ola Electrical expanded its retailer and repair centre community from 800 to 4,000.
The corporate is beneath investigation by the Central Client Safety Authority (CCPA) for shopper rights violations and deceptive advertisements.
Ola Electrical additionally skilled current top-level exits, together with the resignations of its chief expertise and advertising and marketing officers.
Aggarwal revealed plans to launch 20 new merchandise within the subsequent two years. Following the announcement, Ola Electrical shares surged 11.77%, buying and selling at Rs 74.72 on BSE.
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