Ola Electric to gain highest number of electric two-wheeler registrations in September

October 2, 2022

Share via:

Bhavish Aggarwal-led Ola Electric had the highest number of electric two-wheeler registrations in September, with a 179% month-on-month (MoM) jump to 9,616 units, according to Vahan data on October 1.

The electric mobility startup’s vehicle registration had dropped in recent months as a result of one of its escooters catching fire and users reporting safety issues with them. As a result, after reaching a high of 12,707 units in April, its escooter registrations began to fall on a monthly basis. In August, there were 3,440 registrations. In mid-August, the startup also released a more affordable version of its Ola S1 Pro scooter. Ola Electric said in a statement on September 1 that it sold 10,000 units of its latest Ola S1 model within 24 hours of opening the booking window for early reservations.

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.

Previous News

40-60 startups will be profitable in three years: Sanjeev Bikhchandani

Next News

Crypto exchange WazirX is said to have laid off 40% of its total workforce

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.