Ola CEO Bhavish Aggarwal said on Thursday that they have Ola S1 scooters worth more than Rs 600 crore. The electric scooter company opened the sale on Wednesday for those who reserved it in advance.
“We sold 4 scooters every second. In fact, in just 24 hours, we sold scooters worth over 600 crores. That’s more, in value terms, than what the entire 2W industry sells in a day. Make no mistake, the age of EVs is here” Aggarwal said in a blog post.
“Yesterday also established that with the right product, India has huge pent-up demand and a massive domestic market for two-wheeler EVs. We must leverage this to drive innovation, a robust local EV ecosystem and make India not only a big EV market but also a global EV manufacturing hub” Aggarwal added.
Ola Electric claims that it has managed to sell 4 scooters every second of the first 24 hours. The value of the scooters sold is claimed to be more than what the entire 2W industry sells in a day.
Ola CEO Bhavish Aggarwal celebrated the milestone with a tweet saying, “India is committing to EVs and rejecting petrol! We sold 4 scooters/sec at peak & sold scooters worth 600Cr+ in a day! Today is the last day, the purchase will shut at midnight. So lock in this introductory price and buy on the Ola app before we sell out!”
India is committing to EVs and rejecting petrol! We sold 4 scooters/sec at peak & sold scooters worth 600Cr+ in a day! Today is the last day, purchase will shut at midnight. So lock in this introductory price and buy on the Ola app before we sell out! https://t.co/TeNiMPEeWX pic.twitter.com/qZtIWgSvaN
— Bhavish Aggarwal (@bhash) September 16, 2021
Ola had launched its first electric scooter S1, at a price of Rs 99,999 for the entry-level S1 model and Rs 1,29,999 for the more powerful and long-range S1 Pro last month. It had also allowed users to book their reservation slots for Rs 499 over the past couple of months and was set to start purchases on September 8, 2021. However, the company had to postpone the sale to September 15 after facing several technical difficulties.
Yesterday, it opened for purchases only on the Ola app, with the company prioritizing users based on their dates of reservation. Customers had to pay an advance payment of Rs 20,000, with deliveries beginning in October 2021, the company said.
While making the advance payment, the estimated delivery month (Model-Variant-Pin Code combination) will be communicated to you.
Ola has also promised to communicate the exact date of delivery on dispatch of the buyer’s Ola Scooter from the Ola Futurefactory.
Earlier this week, Aggarwal also announced that Ola FutureFactory would be run entirely by women employing over 10,000 women at full capacity, making it the world’s largest women-only factory and the only all-women automotive manufacturing facility across the world.