Ola Electric Scooters sold 20,000 units in October 2022

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Ola Electric reported sales of 20,000 units of its electric scooters in October 2022. The company, which sells electric scooters S1 and S1 Pro, reported a strong holiday season performance.

It had a strong festive season, with a 4x increase over its daily run rate during Navratras and a 10x increase on Vijayadashami, according to a company statement. On average, Ola Electric produces 1,000 units per day. Ola has grown by more than 60% month on month, while the overall two-wheeler EV industry has grown by nearly 30%. After opening bookings for its electric scooters S1 Pro and S1 at Rs 499 in July last year, the company began the online purchase process in September 2021. It had planned to begin deliveries in October, but this was pushed back to November and then to the second half of December last year.

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StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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Ola Electric Scooters sold 20,000 units in October 2022

Ola Electric reported sales of 20,000 units of its electric scooters in October 2022. The company, which sells electric scooters S1 and S1 Pro, reported a strong holiday season performance.

It had a strong festive season, with a 4x increase over its daily run rate during Navratras and a 10x increase on Vijayadashami, according to a company statement. On average, Ola Electric produces 1,000 units per day. Ola has grown by more than 60% month on month, while the overall two-wheeler EV industry has grown by nearly 30%. After opening bookings for its electric scooters S1 Pro and S1 at Rs 499 in July last year, the company began the online purchase process in September 2021. It had planned to begin deliveries in October, but this was pushed back to November and then to the second half of December last year.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Editorial Team
StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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