Ola electric scooter prices are rising

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In just a few months of starting deliveries, Ola Electric has been listed among the top 5 manufacturers of electric two-wheelers

Ola electric scooter S1 PRO
Ola electric scooter S1 PRO

With plans to become the country’s largest EV manufacturer, Ola Electric has stepped up its game in terms of boosting production, deliveries and new bookings. The company now produces nearly 1,000 scooters per day. By the end of March, Ola is expected to be number 1 in terms of monthly sales volumes.

Ola electric scooter price increase and MoveOS 2.0

The prices of electric scooters from Ola will be increased from tomorrow. Today is the last day for buyers to get the S1 PRO scooter for Rs 1.3 lakh. Their CEO announced this on social media. It is not clear what the new price is. But by industry standards, expect an increase in the 3-5% range.

To improve the overall driving experience for users, Ola Electric will soon be launching MoveOS 2.0. This will be available to users via an OTA update. MoveOS 2.0 will be rolled out to users from the end of April. Some of the new features include turn-by-turn navigation, location sharing with the scooter, and finding a nearby charging station.

Other updates include a companion app, new Bluetooth-based features and cruise control. The update will also provide bug fixes and performance improvements. Hopefully, some user-reported issues will be resolved with this update.

Ola electric scooter prices will rise soon
Ola electric scooter price increase soon

In its current form, Ola’s electric scooters offer a range of advanced features. It includes a digital key, driving modes, an interactive 7-inch touchscreen for instrument display and connectivity, reverse mode and regenerative braking. The scooter also has special software systems that actively monitor things like performance, range, temperature, etc. Users will be notified where necessary.

In terms of safety, Ola electric scooters have features such as geo-fencing, time fence, sidestand warning, tamper warning, speed limit and mode restriction. Users can remotely connect to their scooter through the app and access a range of features. They can pair their smartphones to make calls, send messages and share location.

Ola native battery production

Most manufacturers, including Ola Electric, currently rely on imported Li-ion battery cells for their EVs. This increases production costs and creates dependencies on foreign suppliers. As seen during Covid and even today, such dependencies cause production delays.

Ola electric scooter MoveOS 2.0
Ola electric scooter MoveOS 2.0

To avoid such problems, Ola Electric is developing and manufacturing its own Li-ion battery cells. This initiative is part of the government’s production-related incentive scheme. An amount of 2.4 billion dollars has been earmarked for this.

Ola Electric is one of the bidders in the PLI scheme. The goal is to create up to 50 gigawatts of storage capacity. Several other companies have applied to create battery storage capacity of approximately 130 gigawatts. Other bidders for local battery production include Hyundai Global, Reliance Industries and Rajesh Exports.

To make it work, Ola Electric has Dr. Prabhakar Patil boarded as board member. Patil previously headed LG Chem Power and has pioneering experience in battery development. LG Chem Power is associated with some of the leading names in the global EV space.

Patil’s expertise will be instrumental in helping Ola Electric develop its own battery manufacturing hub in the country. Natively produced Li-ion battery cells will be used to power Ola’s emerging two-wheelers and electric cars.