Ola Electric To Establish 4,000 Stores By December In Major Expansion Drive

Ola Electric, announced to 4X its company-owned store network to 4,000 by December 20, 2024, All the newly launched stores will be co-located with service facilities. Ola Electric is going to open over 3,200 new stores, covering all the country's pincodes. The company's current 800 stores are only 1/5th of the rival distribution points.

Recently Ola Electric launched four new electric scooters Ola Gig, Ola Gig+, Ola S1 Z and Ola S1 Z+ at an introductory prices ranging from Rs 39,999 to Rs 64,999 (ex-showroom). Booking amount is set at Rs 499, with deliveries of the Gig series starting in April 2025 and the S1 Z series in May 2025.

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The Ola Gig is made for the gig workers like last mile mobility and all. The Ola Gig powered by a removable 1.5 kWh battery and has a top speed of 25 kmph and an IDC-certified range of 112 km. Ola Gig is Priced at Rs 39,999. The Ola Gig+ is also powered by a removable single/dual battery of 1.5 kWh and has a top speed of 45 kmph and a dual battery option providing a combined range of up to 157 km. The Ola Gig+ is priced at Rs 49,999.

The Ola S1 Z is powered by removable dual batteries of 1.5 kWh each with an IDC-certified range of 75 km and comes with a top speed of 70 kmph, an LCD display, and a physical key. It can go from 0 to 20 kmph in 1.8 seconds and 0 to 40 km in 4.8 seconds. The model is priced at Rs 59,999.

The Ola S1 Z+ is made for both personal and commercial users, priced at Rs 64,999. S1 Z+ sports removable dual batteries of 1.5 kWh each with an IDC-certified range of 75 km (146 km X 2) and comes with a top speed of 70 kmph, 14” tyres, an LCD display and a physical key. It can go from 0 to 20 kmph in 1.8 seconds and 0 to 40 km in 4.7 seconds.

Bhavish Aggarwal, Chairman & Managing Director, Ola Electric, said: "While India is swiftly moving towards electric mobility, Ola Electric's massive network expansion will be a pivotal moment in the country's journey towards #EndICEAge. With our wide D2C network and the touchpoints under our Network Partner Program, we will cover the entire country beyond tier-I and tier-2 cities. It will enable our best-in-class product offerings to democratise electric mobility, adding buoyancy to the domestic EV economy."