“Starting today, consumers can reserve their Ola Scooter on olaelectric.com by paying a refundable deposit of ₹499. Those who reserve now will get priority delivery,” it said in a statement on Thursday.
The company expected to reveal the features and the price of the two-wheeler soon.
“India’s EV revolution begins today as we open reservations for our electric scooter, the first in our range of upcoming EVs. With its incredible performance, technology and design along with aggressive pricing, it will help accelerate the transition to sustainable mobility,” said Bhavish Aggarwal, chairman and group chief executive, Ola.
Earlier in the week, the company said it
signed a $100-million, 10-year debt financing agreement with Bank of Baroda to fund the first phase of its electric two-wheeler vehicle factory in Tamil Nadu. The agreement is the largest long-term debt financing agreement in the Indian electric vehicle industry, the ride-hailing company said.
The EV factory is being built on a 500-acre site in Krishnagiri.
Late last year, Ola said it would invest Rs 2,400 crore into the first phase of the factory. It intends to export its bikes to Europe and Australia. It also has plans to provide charging solutions to all its electric two-wheeler customers through the Ola Hypercharger Network. Ola
is expected to build 5,000 charging points across 100 cities.
Earlier this month, Aggarwal said he had updated Tamil Nadu chief minister MK Stalin on the progress of the factory.
Ola Electric also welcomed Maharashtra’s EV policy which was unveiled earlier this week.
“We welcome Maharashtra govt’s comprehensive policy to accelerate EV adoption, from government fleet & public transport to delivery & logistics providers as well as charging infrastructure & cell manufacturing. This will be a massive enabler for the move to sustainable mobility,” the company tweeted.
The policy has a goal of electrifying 10% of all vehicles registered and 15% of state transport buses by 2025.