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Ola Unveils Ola S1 Scooter; Plans To Launch Sporty Electric Car In 2024

Ola Electric ، ANI Technologies Guy Pvt Pvt. The car will be one of the “fastest” and “sports” cars in India, with the opportunity to change from 0 to 100 km / h in 4 seconds and costs 500 km each time, Bhavish Aggarwad, executive director and founder first electricity, announcing launching In online microblogs, the video shows.

The first electric car will have a full glass ceiling without a key (like the first scooter) and without handles. According to Agarwal, the device will run on Ola’s MoveOS software and have a stress factor of 0.21.

“The cars we make in India now are dull and boring,” Agarwal said. He added: “Countries and generations interact with the cars they produce.

Although Agarwal has already released renderings of the car, the company told reporters that it could launch the car as early as 2023, providing the specifications of the planned electric vehicle for the first time. Comparing automakers around the world, Agarwal said Americans are associated with “big, gas-guzzling trucks.” German automakers were known for their well-engineered luxury cars. The Italians had the image of “super sports cars”, while the Japanese automakers had the image of high-quality, efficient cars.

Indian automakers are conservative and think we only want small or maybe mid-sized cars. “Global car manufacturers believe that the Indian market is not ready for world-class technology and are handily selling their technology in India.” “We have to change that,” he said. Agarwal did not specify how much the electric car will cost, but noted that the average cost of a car in the West is $70,000, while the average cost of a car in India is about $20,000. According to him, this electric car will be destined for the Indian market. At full capacity, Ola Electric in Chennai will produce 1 million cars, 10 million two-wheelers and 100 GW of mobile power, Agarwal said. At the same time, he did not specify whether the production of the electric car Ola will require additional investments. Ola Electric was last valued at $5 billion in January 2022 after raising $200 million in a funding round from Techne Private Ventures, Alpine Opportunity Fund, Edelweiss and others. Before that, Ola Electric received $200 million from Falcon Edge, SoftBank and others at a valuation of $3 billion in September 2021. On Monday, Agarwal also revealed plans for a budget version of the Ola S1 Pro electric scooter, and detailed the company’s plans to manufacture lithium-ion batteries at a future factory in Chennai.

The Ola S1 will be available at a starting price of Rs 99,999, a discount compared to the Rs 1.4 lakh price of the Ola S1Pro. The car comes with a 3kWh Li-ion battery and, according to the company, is certified by ARAI (Automotive Research Association of India, Pune, a government-sponsored automotive testing and certification agency).

This scooter faced criticism from some customers after several of them caught fire earlier this year and injured many customers. Others complained about problems with the assortment and quality.

Agarwal did not address those questions, but said the launch of the S1Pro last year increased EV penetration to 5 percent from 1 percent previously. Ola Electric has sold 70,000 S1 Pro scooters in the last seven months.

Agarwal said the company will update the scooters’ technology to MoveOS-3 by Diwali, which will include additional features such as digital key change, contactless unlocking and document. Last month, Ola Electric announced a $500 million investment in an R&D facility in Bengaluru to manufacture batteries.

“We missed semiconductor, solar, electronics and other industrial revolutions. Everyone in the world is starting it with cells and electric cars. This can be done if you invest now and on a large scale.

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An MBA in HR and Marketing from AIMS Institute (Bangalore University), He heads digital business he has a rich experience that he has garnered from his previous organisations Including leading Banks, NBFCs & Genpact India. He is a serial entrepreneur and the founder of Heavy Group of Companies.

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