Ola’s hotly anticipated upcoming electric scooter has started with a bang as the company has been flooded by pre-order reservations.
The Indian-made electric scooter opened for pre-orders earlier this week, and the demand was unprecedented.
Over 100,000 people lined up to put down a deposit for the new electric scooter.
However, the ultra-low deposit price of 499 INR (around $6) means that these reservations aren’t necessarily all going to convert into committed buyers – especially since the deposit is fully refundable.
Even so, that kind of demand is exactly what Ola needs to validate its new electric scooter megafactory. The company began work several months ago on the sprawling factory compound that is designed to build 2 million electric scooters per year.
The company even has plans to expand production to 10 million electric scooters per year down the road.
All of this sounds like excellent news for a country where two-wheelers are the dominant form of transportation, and where gas-powered vehicles make up the majority of those bikes.
We don’t actually know what the retail price for Ola’s electric scooter will be yet. So far we’ve only heard that “it will be priced aggressively to make it widely accessible.”
The company’s CEO Bhavish Aggarwal understandably seems quite bullish about the scooter’s prospects:
Unlike many electric scooters and mopeds designed purely for urban use, Ola’s scooter sports higher speed and power specs. It offers a top speed of 100 km/h (62 mph) and new internal testing shows a maximum range of 150 km (93 miles) on a single charge.
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