Ola electric scooter production soars, opening new payment window

Despite initial delays, Ola has dramatically increased production of its high-speed smart electric scooters. Now, the Indian company announces that it will soon open a new payment window to complete more orders of its Ola S1 and S1 Pro electric scooters.

These scooters have made waves in the industry for their combination of high performance and low price.

Confirmation from the CEO that the scooters would head to the export market this year also fueled international anticipation.

Ola’s electric scooters offer a top speed of 115 km/h (71 mph) while starting at an affordable price of INR 99,999 (around USD 1,350).

Ola originally planned to deliver the first scooters several months ago, but deliveries didn’t start until December after production delays.

Production rates appeared to have skyrocketed, however, as the company posted a daily pace of nearly 1,000 scooters at the start of the year.

The scooters are produced in a mega-factory known as Ola Futurefactory. It has a planned capacity of 2 million electric scooters per year, or about 5,500 per day.

Plans include expanding the production capacity of the all-female-run factory to more than 10 million electric scooters a year.

Now that production appears to be ramping up, Ola has announced plans to open a new payment window.

Reservation holders who have deposited INR 20,000 (approximately USD 270) will be able to make a final payment from January 21. CEO Bhavish Aggarwal has confirmed that these deliveries will take place in January and February.

Electrek’s Grasp

It’s great to see Ola’s production numbers increase so quickly.

They certainly had some growing pains in the beginning, but they are largely starting from scratch. Well, almost from scratch. And that means there were bound to be problems to be solved in the production process.

But the photos of a sea of ​​scooters don’t lie, nor do all the tweets from Ola owners receiving their scooters.

Now, I can’t wait to hear if the CEO’s statement last year that US exports would begin in early 2022 was overly optimistic, or if the company actually plans to open orders to US customers soon. And assuming that Americans will be able to order an Ola scooter, how much will the price increase from that perfectly reasonable domestic price?

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About Matthew R. Dailey

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