#ola e-scooter

[tedmhindinews]

https://tedmnews.com/news/http://tedmnews.com/1350/14

[tatatechnologies]

Celebrating India’s EV Journey

Today is World EV Day. The day is observed every year with special awareness campaigns being organized globally to educate people about the benefits of electric vehicles.

While China is the world’s largest EV market, India is the second largest and most promising. Driven by incentives by the Centre and the states, the adoption of EVs is gaining momentum. India’s EV sector is attracting increasing investments in battery technology, charging infrastructure and product options. Some of the biggest brands in the EV space include Tata Nexon in cars, the Mahindra Treo in three-wheelers and Hero Electric and Ola in scooters. In addition, there are a whole lot of startups that are working on various aspects of the EV eco-system.

In this article, Autocar Professional takes you through India’s EV landscape with leaders in the segment commenting on sustainable mobility and a zero-emission future.

Meanwhile, a recent study by Castrol study has highlighted key insights on EV readiness for markets, carmakers, and consumers. Its global survey ‘Switching ON the rEVolution’ covering 10,000 consumers and 100 leaders from car manufacturers in 10 key global markets, including India suggests that 44 percent of consumers surveyed in India are considering an EV for their next vehicle purchase while 55 percent are still considering an ICE vehicle.

Shailesh Chandra, MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility

World EV Day is indeed a special day for us, as we look back and reflect on our journey so far. We are proud to lead the EV market in India, with a lion’s share of 88 percent. As early entrants, we have shaped the market and seen it grow with Nexon EV and Tigor EV. We have over 40,000 Tata EVs plying on road. We have also established Tata UniEVerse, a one of its kind EV ecosystem, which is further propelling the EV adoption.

Santosh Iyer, VP-Sales & Marketing, Mercedes-Benz India

Mercedes-Benz Indian has a very aggressive EV roadmap for the Indian market with three new luxury EVs. We pioneered luxury EVs in India with the EQC in 2020, which received good response from the early adopters in the luxury segment. EQC’s acceptability and market success set the ground for other brands to foray into the luxury EV segment.

Suman Mishra, Mahindra Electric Mobility

We celebrate India’s electrification journey. At Mahindra Last Mile Mobility, we are committed to promoting sustainable motoring with zero emission products. I am confident that with our collective efforts, we can enable a green and smarter tomorrow for India.

Warren Harris, CEO, Tata Technologies

Tata Technologies’ vision of Engineering a better world embodies our commitment to providing sustainable solutions especially in the rapidly growing Electric Vehicle Market. The transition to EV is also an opportunity and would also be synonymous with a move to connected vehicles enabled by ADAS and digital customer experience solutions. Tata Technologies offers end-to-end solutions for engineering, manufacturing support, and customer experience solutions for EVs globally. We have developed an elaborate EV ecosystem through alliances and partnerships across the world, including an alliance with MIH Consortium which enables us to leverage the EV ecosystem to deliver best value for our Customers.

Nagesh Basavanhalli, Executive Vice Chairman, Greaves Cotton

Greaves Electric Mobility owned Ampere is one of the fastest growing electric two-wheeler brands in the Country while the company also operates/owns the rapidly growing e-rickshaw brand Ele (Bestway) and the Teja (MLR Auto) range of L5 category three wheelers. Together the portfolio offers a strong value proposition to electrifying the way people and goods move across our country.

Mahesh Babu, CEO, Switch Mobility India, COO, Switch Mobility

To meet India’s global commitment to become Net Zero by 2070, we need to prioritize not just public transport, but public transport with zero tailpipe emissions. Electric buses are clearly the best and obvious solution to accelerate decarbonisation with increasing mass mobility. It is this imperative that guides us at Switch Mobility — to help India attain its ambitious Net Zero target by offering the society with smart, clean mass mobility solutions that are also technologically advanced, safe and comfortable for passengers. Our vision is to transform mass mobility across cities and highways, and bring about a clean revolution in the way people travel. I take the opportunity on World EV Day 2022 to invite partners and people who share the same vision to jointly achieve this critical transition.

Balbir Singh Dhillon, Head of Audi

We have installed 100+ chargers pan-India and 16 high-speed 50kW chargers across our dealerships located across strategic highways within the country. In line with our global plans to be all-electric by 2033, we are aiming to achieve about 15 percent of our India sales from EVs by 2025–2026. It’s time we start to care for the climate. I think the sooner we realise we are responsible for it, the better it is for all.

Read More: https://www.tatatechnologies.com/en/media-center/celebrating-indias-ev-journey/

[kharido-ev]

5 Best Budget Electric Scooters in India

The Indian roads are crowded with electric vehicles, and leading this revolution starts with the best electric scooters that spell a new transition for urban mobility. The requirement for sustainable and pocket-friendly transport is seeing an upward rise in sales of EVs, therefore manufacturing electric scooters is no longer a craze but a reality for commuting. From sleek designs to long battery lives, the top electric scooter in India embody the future. Whether you're battling with traffic or gliding through town, KharidoEV has wide options in e-scooters that offer the perfect blend of performance and style for your rides.

If you're looking to buy an e-scooter, it’s essential to have an eye on the top e-scooters in the Indian market, comparing battery life, performance, and overall specifications.

 Let's have a look.

1. Ola S1 Pro

Ola Electric has emerged as a prominent contender in the top electric scooter in India. and the Ola S1 Pro is one of the most considered when the consumer decides to buy an e-scooter. This e-scooter is famous for its aerodynamic and somewhat sci-fi-like-looking body, the tremendous power of the motor, and the range of the e-scooter. The Ola S1 Pro can go only up to 115 km/h and with a single charge goes for 181 km; the scooter seems to be built for those who seek both style and power.

The e-scooter rides have several options from Easy Mode up to Hyper Mode, for those who want to go faster. It comes with a 3 extended warranty which in this case offers an additional warranty for the product for three years. Km with a 97 kWh battery and normally will take roughly 6.5 hours to be fully charged up. The Ola S1 Pro also has a touchscreen dashboard, GPS, and Bluetooth integration, thus is equipped with smart features.

Want to know more about the pricing? Click https://www.kharidoev.com/scooter/ola-s1-pro 

2. Ather 450X Gen 3

The Ather 450X Gen 3 is one of the market’s top electric scooter in India with state-of-art technology and highly enduring efficacy. Ather Energy is amongst the leading pure-play electric scooter manufacturers in India and 450X is their flagship product. Propelled by a 3.7 kWh lithium-ion battery the vehicle can drive up to 146 Km subject to test cycle conditions, with a maximum speed of 80 Km/h.

Ather 450X comes with a large 7-inch full-color digital dashboard with information regarding speed, range, and navigation among others. It also has a Reverse mode, and such aspects as Over-The-Air updates to make your scooter dumber over time. Ather Grid of fast chargers also comes in handy for the owners of the bike who may need a quick boost of charge to their battery.

3. TVS iQube Electric ST

Another reputed Brand in the Indian two-wheeler industry is TVS, which has appropriately introduced the most reliable electric two-wheeler model named TVS iQube Electric ST among all these competitors 3. The scooter has a speed of up to a maximum of 82 km/h and a detachable battery capacity of up to 145 km which makes it ideal to use while going for work each morning.

Some of the features that accompany the iQube ST are a TFT touchscreen display which can be used for navigation, Bluetooth, and incoming call functions. Its quiet, vibration-free operation and the support of a large service network of the sponsoring company TVS, make this scooter very attractive for those consumers, who need only the best and are ready to pay for it.

It has a 4-stroke engine that enables the scooter, nowadays scooters are powered by a 4-stroke engine to produce power for movement. The lithium-ion battery of about 56 kWh and roughly, it takes approximately 4. And so it is important to know that it will take approximately 5 hours to fully charge the unit with a standard charger. The Indian style of the TVS iQube Electric ST in combination with a well-coordinated mechanism makes it one of the leading scooters now.

4. Bajaj Chetak Electric

The new e-scooter called Bajaj Chetak Electric is a tribute to its namesake who was a mega best-seller in India of the 1980s and the 1990s. In the present time, the new Chetak is reshaped in the form of an electric scooter giving the aesthetics of the old scooter but comes jam-packed with modern electric scooter technologies. A 3 kWh lithium-ion battery drives it; this gives the e-scooter a range of 90-95 km on a full tank.

However, Chetak Electric is not as powerful as some competitors in this segment with the lower low-end torque, but the scooter is built very solid, has a great fit and finish, and provides a comfortable ride. It has a sturdy steel build and it has an Eco and sporting riding option. This scooter also has foot-operated regenerative brakes to assist in recharging the battery during a slow-down process.

5. Hero Electric Optima CX

If you looking to buy e-scooter that is pocket-friendly, the Hero Electric Optima CX can be considered an ideal scooter in this segment. Optima CX is one of the cheapest electric scooters in India, and while it doesn’t boast of high-end performance, it is not a bad purchase. Its top speed is up to 45 km/h and its traveling distance is approximately 82 km on one single charge.

However, the Optima CX doesn’t have the luxury features or the high speed of high-end models but this electric scooter offers rides within the city and or for short distances with durability and efficiency. It is powered by a 1. electric motor with 53 kWh battery power and a charging time of about 4-5 hours to full power. This has been made possible by its large base of dealers and service centers throughout India which is an attractive feature to consumers in tier-two cities and other lower-income areas. Conclusion

Still confused about what and where to buy? Don’t worry we are here at your service. KharidoEV is growing to be the top electric scooter in India.

KharidoEV has a wide variety of e-scooters. We have 1000+ happy customers and more than 500 experience testimonials. Our experts will help you pick the best electric scooters in India that suit your pocket. We provide the best offers from time to time. 

We are sure, you can have the best ride with us. Have any doubts about buying an e-scooter? Contact us at https://www.kharidoev.com/contact-us. 

[evindias]

Kinetic Green’s Ambitious Expansion into the EV market

Kinetic green, a leading electric two wheeler manufacturing company has unveiled their plan to expand the product lineup and market presence. After the success of e-Luna, a popular electric two wheeler Kinetic Green is planning to launch a new electric scooter in next 18 months. This electric scooter will come with an affordable price and directly compete with top brands like Ola electric S1,…

[the-firebird69]

About Ola Electric - Revolutionizing Electric Mobility

I like the way this looks and I like it the way it rides I don't like mono shark because this one has two if you blow one you have a shock. This mileage is incredible on the base model motorcycle and it has two more above it. The price is outstanding and it should be kept there so people can buy it and the construction simple it's really as simple as an ebike and it costs just a little bit more and it's less than an expensive eBay but it does more I wouldn't say that's how it should be but they can sell these things anywhere on Earth tomorrow they can sell 10 trillion if they wanted to if they could be manufacturing when I say is my people can make the parts and get them to them to assemble or even send them out RTA they make tons of money it's something naked it's up to them they can direct the customers to us or order the parts to their warehouse I mean I don't care how they do it and I know they are funny guys but still this might this bike is awesome India has a lot of motorcycles they have motorcycles everywhere like China at least they used to it's only a few years ago they're all over the place I hit it still are they're everywhere and it's kind of looks a little like it like the tires and rims just like in China they're not really huge they're bigger but and they're inexpensive so in India and China it's not a big deal to build a bike and sell it for Grant in the states it's unheard of they're using a mid-drive but they probably use a gang battery system which is fine you can change the battery to solid battery. That's one of their goals but for crying out loud that is really inexpensive and the bike looks really nice and I need a way to get around and that would get me around and it goes forever I can if I sold my e-bikes I could afford the top line one and put it inside the apartment and go like 200 miles on a charge or more this is the base model goes 100 miles or something close to it and you never hear about that that's ridiculous that's a lot of mileage

Zues

He read the statistics real quick but it's true it's they're pretty high up there one of them looks ridiculous like 300 MI and I saw it on the corner of my eye it's like 500 km or something and it's a nice clean bike and it really goes fast the base model 120 mph and he thinks it's $120 mph not kilometers could be kilometers it's still almost 90 something as fast it's very fast

Hera

The Price is Right the design is very simple and it's efficient and a son helped them come up with it he said look what they're doing is just take taking this mid drive and they're making a big deal out of it and you can get ones that are powerful and they're cheap and they did and it took a regular battery which is a game battery with the bigger d battery cell I made it pretty big and it works and it is in India those motorcycles are so cheap they have tons of them they're everywhere and they pump them out like nothing and their stuff is the expensive side and they made it inexpensive like you suggested I think it's got 3,000 Watts Bass and it goes up in increments to everything 5,000 and yeah the top mileage is around 300 miles top speed is around 240 mph not kilometers it's amazing this bike is cheap and will get you around town and it'll get you around the city you go around your neighborhood and it's not a hassle it's not a scooter we wipe out of your turn wrong I mean these things are real motorcycles and they're they're not huge and they're not small it's really nice they they finally did it right and they're probably going to have trouble cuz it's right in the crease and we'd like to somehow get involved because we don't want it to sink and just and just disappear but it's real hard to do but they might be able to handle it India wants it to go and wants to have them do it so they've got support and they usually get support from Pakistan but what a nice thing is it's ridiculous the price is like $1,000 for the base roadster model is what they call it and he says they might be able to get it here at power and x or whatever it is motorcycle place do they have a line on an Indian motorcycle and they have them in stock the Indian motorcycles and they have Chinese stuff and boys he can't really this would be swell he can't really ride a motorcycle but if he was forced to which I don't think so you can drive all over the place and he go far enough and it takes like a few hours to charge for you bring it with you you can charge off in any outlet and you'd be surprised where outlets are out in the middle of nowhere in the landscaping and they're everywhere outside of apartments outside of restaurants and you hook up to it and it's just a charger it doesn't take much power you can sit there and eat lunch and charge it that's what a dream is right there the dream is you go to like Starbucks and you have like five motorcycles charging and takes no power and you extract customers but that's something that might happen and Joe Biden did a good job this would be great maybe they would stop me and losers but it's for something that's really bad but still this idea works and the bike is priced Right and we want people to try and order it if you're nearby or you're in India give them a call

Thor Freya

Well you think it's nice everyone has confidence and they don't really but no they have confidence in the bike that it works and it's functioning and we helped but yeah they are in trouble already they're commercials are being taken down and they're pushed around by Mac proper we want this put out there so people know in India and the Indian people are fighting them you should fight for this you might have to go electric because they are using the fuel up and lithium is not good but the whole system would be in place and you just make a switch for the alternator and that's it everything would be easy instead of a nightmare which is coming

God and goddess of India

We too see it and we want them to open shops here and test drive shops here and they say 2025 and we say that's ridiculous they're already building them though and he says just renovate some buildings he's too long for ground up and there's so many buildings and suggest that you get some companies out there and provide some government funding I think we're going to go ahead and do this this is a great idea to help support them

Pakistan

I hear him over there and he's angry he's saying this sucks his Mac proper blow they're absolutely nuts running them around for years and they ran me ragged and I'm doing really stupid stuff getting hurt and he knows it too and he can't do anything and just sits there and has to suffer but yeah this motorcycles hours took some time to do and he said good it's a positive thing and he likes how it came out he likes how it looks and yeah if that motorcycle place can get them he'd probably get one but he's afraid to ride on the street and I see why everybody's right on him it's terrible yeah maybe in the future but he wanted to test ride it and he knows that he can't do it and he knows he can't ride on the street but we wanted to test ride it and can because people buy it and I know how he rides he rides pretty good wants to do a wheelie he says tons would sell

Aaron

Olympus we think it's cool because we heard him too inside and saying I can't really do it but I want to test drive it and he couldn't get the thing to work but he wants to post it he wants to keep it somewhere and we can help him but test driving it would be fun and who knows he might even sell them you won't ride them it'll sell them he could be a broker it'll be a fun job cuz this blows

[leprivatebanker]

India's top e-scooter maker Ola Electric valued at $4.4 billion in debut trade

[atomxmedia]

Ahmedabad Based E-Bike Startup Matter Secures $10 Million In Maiden Funding Round

Electric mobility startup Matter has secured $10 million (Rs 82.6 crore) in its first-ever equity funding round. This investment will fuel the company’s growth and expansion plans in the burgeoning electric bike (e-bike) market.

Key Investors and Valuation

Prominent investors participated in the investment round, including Abhay P Shah on behalf of Miracle Carriers (Rs 5 crore), Info Edge-backed Capital 2B Fund (Rs 10.8 crore), Japan Airlines & Translink Fund (Rs 25 crore), and Helena Special Investments Fund (Rs 41.75 crore). Matter’s post-allotment valuation is estimated by TheKredible to be around Rs 1,690 crore ($204 million).

Growth Trajectory and Market Positioning

Matter targets the high-end e-bike market and was introduced in early 2023. In May 2023, the business started taking preorders for their debut bicycle. Matter apparently wants to fund an extra $200 million to expand operations, distribution networks, and construct a manufacturing plant. FY24 financials are not yet public.

With premium e-bikes starting at Rs 1.7 lakh, Matter targets a different client demographic than mass-market competitors like Ola Electric and Ather. Their main rivals in the high-end e-bike market include Revolt (run by RattanIndia Enterprises), TVS-backed Ultraviolette, and Tork Motors (supported by Bharat Forge). Ultraviolette is supposedly in negotiations for a larger $100 million round of finance, despite Tork Motors having already raised $6 million this year. Furthermore, by FY26, market leader Ola Electric intends to join the e-bike space.

Matter faces competition in the e-bike market from Tork Motors, supported by Bharat Forge, Ultraviolette, funded by TVS, and Revolt, managed by RattanIndia Enterprises. In January of this year, Tork Motors raised $6 million from Maxis Capital, while Ultraviolette has apparently been in talks to raise a larger round of funding totaling $100 million. By FY26, Ola Electric, a company that already produces electric scooters, intends to join the e-bike market.

Read more: Marketing News, Advertising News, PR and Finance News, Digital News

[sokudoindiaev]

Electric Scooter Online Booking: The Convenient Way to Go Green

The shift towards sustainable transportation has never been easier, thanks to the advent of online booking for electric scooters. As more people embrace eco-friendly commuting options, the ability to purchase electric scooters online offers unmatched convenience and a seamless shopping experience. This blog explores the benefits of booking electric scooters online, the leading platforms offering these services, and tips for making the best purchase.

Why Book an Electric Scooter Online?

Booking an electric scooter online comes with several advantages that enhance the overall buying experience:

Convenience: Shop from the comfort of your home, without the need to visit multiple showrooms.

Variety: Access a wide range of models and brands, often with detailed specifications and customer reviews.

Special Deals: Benefit from exclusive online discounts, promotional offers, and financing options.

Easy Comparison: Compare different models based on features, prices, and user ratings to make an informed decision.

Home Delivery: Enjoy the convenience of doorstep delivery, often with minimal delivery charges or even free shipping.

Leading Platforms for Online Electric Scooter Booking

Several online platforms have emerged as trusted destinations for booking electric scooters in India. Here are some of the top options:

1. Manufacturer Websites

Many electric scooter manufacturers offer direct online booking options on their official websites. This ensures you get the latest models and authentic products straight from the source. Notable manufacturers with online booking include:

Ather Energy: Offers detailed product information, test ride bookings, and easy online purchase options.

Ola Electric: Known for its user-friendly booking process and extensive customer support.

Bajaj Auto: Provides a straightforward booking process for their Chetak electric scooter.

2. E-commerce Platforms

Major e-commerce platforms like Amazon, Flipkart, and Paytm Mall have also entered the electric scooter market, providing a variety of models with customer reviews and ratings.

Amazon India: Features a wide range of electric scooters with detailed specifications and customer feedback.

Flipkart: Offers exclusive deals and financing options, making it easier to own an electric scooter.

3. Dedicated EV Marketplaces

Specialized online marketplaces focus solely on electric vehicles, providing a curated selection of electric scooters along with expert advice and customer support.

EV Plugs: A platform dedicated to electric vehicles, offering comprehensive information and easy booking options.

BikeDekho: Provides detailed comparisons, expert reviews, and seamless booking processes for electric scooters.

How to Book an Electric Scooter Online

Booking an electric scooter online is a straightforward process. Here are some steps to help you get started:

Research: Start by researching different models and brands. Consider factors like speed, range, battery life, features, and price.

Compare: Use comparison tools available on e-commerce platforms or dedicated EV marketplaces to compare models side by side.

Read Reviews: Check customer reviews and ratings to gauge the performance and reliability of the scooters you are interested in.

Check Offers: Look for special deals, discounts, and financing options that can make your purchase more affordable.

Place Order: Once you have made your decision, follow the booking process on the platform. This usually involves selecting the model, color, and any additional accessories or insurance options.

Payment: Complete the payment process using your preferred payment method. Many platforms offer EMI options and credit card discounts.

Delivery: After booking, you will receive confirmation details and an estimated delivery date. Track your order until it arrives at your doorstep.

Tips for a Successful Online Purchase

Verify Authenticity: Ensure you are purchasing from an authorized seller or the official website to avoid counterfeit products.

Check Return Policy: Understand the return and exchange policies in case you encounter any issues with your purchase.

Warranty: Confirm the warranty details and service support available for the electric scooter.

Customer Support: Choose platforms that offer robust customer support to assist you with any queries or issues during the purchase process.

Conclusion

Booking an electric scooter online is a convenient and efficient way to join the green mobility revolution. With numerous platforms offering a wide range of options, detailed information, and attractive deals, the process has never been easier. By following the tips provided, you can ensure a smooth and satisfying purchase experience, paving the way for a sustainable and eco-friendly commuting future.

Source by: https://sites.google.com/view/sokudoindia-/electric-scooter-online-booking-the-convenient-way-to-go-green

[usnewsper-business]

Ola Electric's S1 X e-scooter gets a big price cut for greener rides! #electricvehicles #OlaElectric #pricecut #S1Xescooter #sustainabletransportationoptions

[martin-cambell]

Electric Two-Wheeler Market: 2024 Scheme Sparks 70% Cost Hike, Yet Bright Future Predicted!

The Indian electric two-wheeler market is on the cusp of a significant transformation, with the impending Electric Mobility Promotion Scheme 2024 set to reshape the industry landscape. According to forecasts by the Investment Information and Credit Rating Agency of India Limited (ICRA), this scheme, replacing the outgoing FAME 2 initiative, will catalyze a pronounced shift towards electric vehicles (EVs) while introducing new dynamics to consider.

The scheme, effective from April 1 to July 31, is backed by a substantial Rs 500 crore allocation from the Ministry of Heavy Industries, targeting the promotion of electric two and three-wheelers. However, a key change lies in the reduction of subsidies, dropping from Rs 10,000/kWh to Rs 5,000/kWh, with a maximum benefit cap of Rs 10,000 per vehicle. This alteration is expected to raise the upfront costs of electric bikes and scooters by around 10 percent, posing a challenge for prospective buyers.

ICRA's analysis highlights a significant impact on the initial purchase costs of electric two-wheelers, rendering them over 70 percent more expensive than their Internal Combustion Engine (ICE) counterparts. Consequently, the payback period for these vehicles is expected to extend to 5.5 years, compared to the previous five years under FAME 2, posing a temporary hurdle to widespread adoption.

Despite these immediate challenges, the long-term outlook for electric two-wheelers in India remains promising. Factors such as lower ownership costs, enhanced safety features, and increased range contribute to their attractiveness. Moreover, the government's continued commitment to driving EV adoption through schemes like the Production Linked Incentive (PLI) further supports this optimistic trajectory.

ICRA anticipates a substantial market penetration for electric two-wheelers, projecting a rise to 6-8 percent by 2025 from the current 5 percent. While the Electric Mobility Promotion Scheme 2024 brings about a price hike initially, the overarching benefits and government support signal a positive evolution towards a sustainable and electrified future for mobility in India.

Also Read

Ola Electric’s Dynamic Duo: Raahi Autorickshaw And Roadster E-Bike Set To Electrify Urban Mobility!

[plugincaro]

OLA Electric IPO - No. 1 Indian eScooter maker coming to IPO - to Apply or Not? Risky? Monopoly Multibagger?

End of Ice Age?… This could be the start of the end for Internal Combustion Engine (ICE) Petrol/Diesel cars & scooters/motorcycles … for… Stone age did not end due to the lack of stones. Ola Electric, the e-scooter manufacturer submitted its initial draft papers to SEBI to initiate an initial public offering (IPO) aimed at raising ₹5,500 crore. New equity share issuance amounting to… Read…

[wealthview]

Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

New Post has been published on https://wealthview.co.in/ola-electric-ipo/

Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

Ola Electric IPO: Ola Electric is a young Indian electric vehicle (EV) company, aiming to disrupt the transportation landscape with its electric scooters and cars. They compete in the rapidly growing Indian EV market, fueled by government incentives and increasing environmental awareness.

Page Contents

Toggle

Ola Electric IPO Details:

Ola Electric Company Profile:

Ola Electric Financials:

Ola Electric IPO Objectives:

Ola Electric IPO Lead Managers & Registrar:

Ola Electric IPO Risks:

Ola Electric IPO Details:

IPO status: Not yet launched. DRHP filed with SEBI on December 22, 2023.

Expected timeline: Subscription likely in early 2024, listing soon after.

Offer size: Up to ₹5,500 crore fresh issue and offer for sale of 95,191,195 shares.

Price band: Not yet announced. Targeted valuation is $7-8 billion.

News and Developments:

Positive buzz: Filing the DRHP is a crucial step, generating excitement among investors and analysts.

Funding secured: Recent reports about Ola Electric securing $500 million in loan B financing demonstrate investor confidence.

Gigafactory progress: Progress on Ola’s ambitious Gigafactory project in Tamil Nadu adds weight to their production capabilities.

Market uncertainty: Global economic worries and potential inflation may dampen investor sentiment for risky ventures like IPOs.

Ola Electric Company Profile:

Ola Electric, a name synonymous with India’s electric vehicle revolution, is rapidly carving its niche in the burgeoning industry. Founded in 2017 by Bhavish Aggarwal, the mastermind behind Ola Cabs, Ola Electric has come a long way in its mission to disrupt the traditional transportation landscape. Let’s delve into the company’s history, operations, and market position.

A Brief History of Electrification:

2017: Ola Electric embarks on its electric journey, initially focusing on electric rickshaws.

2019: The company unveils its first electric scooter, the S1, followed by the S1 Pro in 2020.

2021: Ola Futurefactory, the world’s largest two-wheeler manufacturing facility, is inaugurated in Krishnagiri, Tamil Nadu.

2022: Ola launches its electric car, the Ola S1, marking its entry into the four-wheeler segment.

2023: The company files its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its highly anticipated IPO.

Operations and Market Position:

Products: Ola Electric currently offers a range of electric scooters, including the S1, S1 Pro, and S1 Air, along with its flagship electric car, the Ola S1.

Market Share: In the Indian electric two-wheeler market, Ola Electric holds a dominant position, capturing over 50% share in FY23. However, it faces stiff competition from established players like Hero Electric and Ather Energy.

Global Ambitions: Ola Electric aspires to become a global leader in the EV space, with plans to enter international markets like the UK and Australia.

Key Facts and Figures:

Funding: Ola Electric has raised over $1 billion in funding from prominent investors like SoftBank, Temasek, and Tiger Global.

Valuation: The company is currently valued at around $5.4 billion, potentially reaching $7-8 billion after its IPO.

Employees: Ola Electric employs over 10,000 people across its various operations.

Prominent Brands and Partnerships:

Ola Futurefactory: This state-of-the-art facility boasts a production capacity of 20 million electric two-wheelers per year.

Ola Electric Mobility Institute (OEMI): This dedicated institute focuses on research and development in electric vehicle technology.

Partnerships: Ola Electric has partnered with key players like Flipkart, Axis Bank, and Bharat Petroleum to facilitate e-commerce sales, financing options, and charging infrastructure development.

Milestones and Achievements:

Building the world’s largest two-wheeler factory.

Becoming the leading electric two-wheeler manufacturer in India.

Developing and launching its own electric car within a short timeframe.

Competitive Advantages and USP:

First-mover advantage in the Indian electric scooter market.

Vertically integrated operations, including battery production.

Focus on cutting-edge technology and innovation.

Building a robust charging infrastructure network.

Ola brand recognition and established customer base.

Ola Electric’s journey is a testament to its ambition and agility in the dynamic EV landscape. With its aggressive expansion plans, focus on innovation, and strategic partnerships, the company is poised to play a pivotal role in shaping the future of mobility in India and beyond.

Ola Electric Financials:

Revenue: Ola Electric has demonstrated explosive revenue growth in FY23, with total revenue reaching Rs. 2,782 crore, a rise of over 500% compared to FY22. This growth is primarily driven by increased sales of its electric two-wheelers.

Profitability: Despite the remarkable revenue increase, the company continues to incur losses. Net loss in FY23 stood at Rs. 1,472 crore, widening from Rs. 784 crore in FY22. This is mainly due to high operating expenses associated with factory setup, research & development, and marketing initiatives.

Ola Electric IPO Objectives:

Ola Electric’s decision to go public through an IPO is driven by several key objectives, all of which align with its ambitious future growth strategy:

1. Capital Raising: The primary objective is to raise funds, estimated to be around Rs. 7,250 crore, through a combination of fresh issue and offer for sale (OFS). This capital injection is crucial for:

Funding Growth: Ola Electric aims to expand its product portfolio beyond electric scooters, introducing new models and venturing into four-wheeler segments like electric cars and commercial vehicles.

Building Manufacturing Capacity: Scaling up production capacity for existing and future models requires significant investments in infrastructure and technology. Ola’s Futurefactory, while impressive, needs additional resources to meet its long-term goals.

R&D and Innovation: Continued investment in research and development is essential for staying ahead in the rapidly evolving EV landscape. This includes battery technology advancements, autonomous driving features, and other cutting-edge innovations.

Debt Reduction and Financial Flexibility: A portion of the raised funds might be used to repay or pre-pay existing debt, enhancing the company’s financial stability and flexibility for future investments.

2. Enhanced Brand Recognition and Market Credibility: Going public brings Ola Electric under the public spotlight, increasing brand recognition and attracting a wider investor base. This can solidify its position as a leading player in the Indian EV market and strengthen its credibility among potential partners and customers.

3. Access to Talent and Partnerships: A successful IPO can attract and retain top talent, crucial for executing the company’s growth strategy. Public listing also opens doors for potential partnerships with established players in the automotive, technology, and financial sectors.

Ola Electric IPO Lead Managers & Registrar:

Ola Electric has entrusted a consortium of renowned investment banks to act as lead managers for its highly anticipated IPO:

Lead Managers:

Kotak Mahindra Capital Company Limited: A leading financial institution in India with extensive experience in managing large-scale IPOs, including SBI Cards, HDFC Life, and LIC.

Citigroup Global Markets India Private Limited: Renowned global investment bank with a strong track record in IPOs across various sectors, including Zomato, Nykaa, and Paytm.

BofA Securities India Limited: Global leader in investment banking with extensive experience in managing major Indian IPOs like IRCTC, Indian Railway Finance Corporation, and Coal India.

Goldman Sachs (India) Securities Private Limited: Reputable investment bank with deep expertise in handling tech-oriented and high-growth IPOs, including Delhivery, Macrotech Developers, and Policybazaar.

Axis Capital Limited: Leading domestic investment bank with successful involvement in IPOs like Adani Wilmar, Glenmark Life Sciences, and Dixon Technologies.

ICICI Securities Limited: Established Indian financial institution with significant experience in managing IPOs like Sona BLW Precision Forgings, Indigo Paints, and Astral Poly Technik.

SBI Capital Markets Limited: Investment arm of India’s largest bank, SBI, with significant involvement in IPOs like Glenmark Pharmaceuticals, Larsen & Toubro Infotech, and Indiabulls Real Estate.

BOB Capital Markets Limited: Investment banking arm of Bank of Baroda, with experience in managing IPOs like Aavas Financiers, RBL Bank, and Sundaram Asset Management.

Track Record:

These lead managers collectively boast a proven track record of successfully managing complex IPOs in diverse sectors, highlighting their experience, expertise, and network of investors. This expertise provides investors with confidence in the execution and overall success of the Ola Electric IPO.

Registrar:

Link Intime India Private Limited is appointed as the registrar for the Ola Electric IPO. The registrar’s role involves handling shareholder records, managing share transfers, dividend payments, and other administrative tasks related to the issue and trading of shares. This ensures a smooth and transparent process for investors throughout the IPO and beyond.

Ola Electric IPO Risks:

While Ola Electric’s IPO holds immense potential, it’s crucial to acknowledge and understand the inherent risks associated with investing in this high-growth, high-risk venture. Here are some key points for potential investors to consider:

Industry Headwinds: The EV market, despite its promising prospects, faces challenges like rising battery costs, dependence on government subsidies, and the potential for policy changes. These factors could impact Ola Electric’s profitability and growth trajectory.

Company-Specific Challenges:

Profitability Concerns: Ola Electric continues to incur significant losses, raising concerns about its ability to achieve long-term profitability. The company’s ambitious growth plans might further strain its finances in the short term.

Intense Competition: Established players like Hero Electric and Ather Energy, along with potential new entrants, will intensify competition in the Indian EV market. Ola Electric needs to differentiate itself and maintain its market share to achieve sustained success.

Manufacturing and Supply Chain Risks: Reliance on imported components and potential supply chain disruptions can impact production timelines and delivery schedules, affecting the company’s ability to meet demand.

Execution Risks: Implementing Ola’s ambitious expansion plans and future ventures like car production requires strong execution capabilities. Any missteps or delays could hinder the company’s progress.

Financial Health:

While Ola Electric’s revenue growth is impressive, its current financial position raises some red flags for investors:

High Losses: The company’s net loss nearly doubled in FY23, highlighting the need for significant improvement in cost management and profitability.

Limited Operating History: Ola Electric is a relatively young company with limited operating history, making it difficult to assess its long-term viability and ability to overcome challenges.

Debt Levels: While currently low, the company might need to take on debt to finance its expansion plans, potentially increasing its financial risks.

Ola Electric Mobility Limited – DRHP

Also Read: How to Check IPO allotment status?

[leprivatebanker]

India's top e-scooter maker Ola Electric marks flat debut

[cybervehiclebuilding]

Top 5 Electric Scooter Brands in India Shaping the future in 2023

In the closing chapters of 2023, India’s electric scooter scene has witnessed a transformative journey, led by five standout brands. These pioneers in sustainable urban mobility have not only reshaped commuting but also redefined expectations.

From sleek designs to eco-friendly innovation, this introduction reveals the top five electric scooter brands in India that have marked their indelible imprint on our homeland’s electric vehicle revolution in 2023, encapsulating a year of progress, innovation, and the promise of a greener tomorrow.

Let’s take a look at these brands one-by-one.

Top Electric Scooter Brands in India

Ather Energy

AMPERE by Greaves Electric Mobility Private Limited

Okinawa

HERO Electric

Ola Electric

Conclusion

FAQs

1. Ather Energy

Ather Energy Pvt. Ltd., founded in 2013 by Tarun Mehta and Swapnil Jain, is one of the pioneering electric scooter brands in India. Renowned for its commitment to transforming the electric vehicle landscape, Ather currently produces two fresh electric scooters — the Ather 450X and the Ather 450 Plus.

The highlight of Ather’s recent endeavors was the launch of the Ather 450S in August 2023, showcasing the company’s dedication to innovation and staying at the forefront of the evolving electric vehicle market. Ather Energy not only excels in manufacturing premium electric two-wheelers but also takes pride in its contribution to the electric vehicle charging infrastructure through Ather Grid.

Ather Grid, the company’s electric vehicle charging network, stands as a testament to Ather Energy’s holistic approach to sustainable mobility. Competing with industry giants like Ola Electric, Ather aims to redefine perceptions of electric vehicles by delivering high-performance, zero-maintenance & smart electric vehicles that cater specifically to the discerning Indian market.

Currently, Ather Energy operates two scooter models: the Ather 450 Plus and the upgraded Ather 450X. The latter, unveiled in 2022, demonstrates the company’s continuous efforts to enhance and refine its electric scooter offerings. Ather Grid’s charging infrastructure spans across India with a robust network of over 1019 charging points, including a significant presence in Chennai, boasting over 90 charging points.

Read Full Features of Ather 450X here!

2. AMPERE by Greaves Electric Mobility Pvt. Ltd.

Introducing Ampere by Greaves Electric Mobility, a noteworthy player in the category of electric scooter brands in India, since its inception in 2008. Originally known as Ampere Vehicles, this Indian electric mobility company specializes in designing and manufacturing cost-effective electric vehicles, including three-wheelers under the brands Ele and Teja.

In November 2019, Ampere Vehicles became part of Greaves Cotton, a significant development in the EV landscape. Among their notable offerings is the Ampere Magnus EX, a family-oriented electric scooter featuring a 2100W electric motor, 121 km claimed range per charge, and a sleek design. Available in Graphite Black, Metallic Red, Galactic Grey, Ocean Blue, and Glacial White, the Magnus EX stands out with drum brakes on both ends.

Additionally, the Ampere Zeal EX, priced at Rs 75,000 (ex-showroom Delhi), is another popular e-scooter. Sporting a Blue shade, it boasts a peak power of 1.8kW, a 120km ARAI certified range, and a top speed of 55 kmph. With apron-mounted halogen headlights and drum brakes, the Zeal EX promises a versatile and efficient riding experience. Ampere by Greaves Electric Mobility continues to make waves with its diverse and affordable lineup as one of the dynamic electric scooter brands in India.

Read Full Features of Ampere Magnus EX here!

3. Okinawa

Okinawa Autotech International Private Limited, previously known as Okinawa Autotech Private Limited, has etched its mark as one of the original electric scooter brands in India since its establishment in 2015.

Fueled by a resolute mission to propel the present towards a sustainable future, Okinawa introduces the R30, an affordable and eco-friendly mode of transportation tailored for navigating the intricacies of traffic-congested urban roads. This innovative scooter is powered by a robust 250W motor, capable of achieving a top speed of 25 km/h and covering an impressive range of up to 60 km on a single charge. With a futuristic design offered in four vibrant colors — Pearl White, Glossy Red, Metallic Silver, and Glossy Blue — the R30 seamlessly combines style with sustainability.

On the higher end of the spectrum, Okinawa presents the OKHI-90, priced at 1.86 Lakhs. This powerhouse is equipped with a potent 72V50AH lithium-ion battery that supports fast charging, delivering an exceptional range of 160 km on a single charge. In Sport mode, the scooter can reach an impressive top speed of 85–90 kmph, while the Eco mode offers a comfortable cruising speed of 55–60 kmph.

Notably, the OKHI-90 introduces a groundbreaking feature with its impressive 16-inch alloy wheels at both ends, marking a milestone as one of the freshest electric scooter brands in India. Complementing these models, Okinawa’s diverse lineup includes other renowned e-scooters such as the IPraise+, Dual 100, Oki100, Cruiser, Lite, and more, contributing to its status as a leading force in India’s electric mobility landscape.

Read Full Features of Ridge 100 by Okinawa here!

4. HERO Electric

Hero Electric stands as one of the pioneering electric scooter brands in India, spearheading Electric Mobility for over a decade. With a steadfast commitment to providing ecological solutions that offer excellent value for money, Hero Electric’s mission centers around ‘Zero Pollution’ transportation, aligning with their overarching commitment of “No Emission.”

This environmentally conscious and socially responsible organization, boasting SA 8000 certification, prioritizes quality in every facet of its operations. Every product undergoes rigorous scrutiny, subjected to 46 stringent quality checks by dedicated quality engineers before reaching customers.

Hero Electric’s Vida V1 Pro, designed for the entry-level market segment, brings affordability and efficiency to daily commuting. With a modern, sleek design available in Black with Sports Red and Black with Techno Blue, the Vida V1 Pro embodies a premium feel. Performance-wise, it excels with a removable lithium-ion battery, offering an impressive 110 km range on a single charge. Accelerating from 0 to 40 kmph in just 3.2 seconds, the Pro generates 6000W of power, ensuring responsive and efficient performance with minimal environmental impact.

For those seeking affordability, the Hero Electric AE-8 is a standout option. Boasting a powerful motor with a maximum output of 250W and a peak torque of 25 Nm, the AE-8 ensures smooth acceleration and quick response, ideal for city traffic. With a top speed of 45 km/h and a lithium-ion battery providing an 80 km range on a single charge, the AE-8 is a reliable choice for short commutes. In addition to these models, Hero Electric offers a diverse lineup, including Hero Electric NYX, Hero Electric Atria, Hero Electric Photon, Hero Electric NYX HX, Hero Electric Eddy, Hero Electric Optima CX, and more, solidifying its position as a key player in India’s e-mobility landscape.

Read Full Features of Hero Electric AE-47 here!

5. Ola Electric

From its humble beginnings as a startup in Bangalore, Ola has grown into a global brand operating across three continents, positioning itself as India’s largest mobility platform and a major player in the global ride-hailing scene. At the core of Ola Electric’s mission is a visionary goal to reduce global emissions and fossil fuel dependency, with India envisioned as a key hub for electrification. Beyond simply manufacturing electric vehicles, Ola Electric aspires to drive a profound shift in the mindset of every Indian, catalyzing the transformative vision of Mission Electric.

Ola Electric recently introduced two electric two-wheelers — the Ola S1 Air and Ola S1X, both receiving widespread acclaim. Notably, the Ola S1 Air stands out for its remarkable single-charge range of 101 km, addressing the common concern of frequent recharging during daily commutes. The addition of a fast-charging system further enhances rider convenience by minimizing downtime, offering a compelling solution for urban mobility. Priced at ₹1.19 lakhs, the Ola S1X, with its 6000W electric motor, top speed of 90 km/h, and a claimed range of 151 km, emerges as a potential game-changer electric scooter brands in India.

Setting a new standard for eco-friendly urban commuting, the Ola S1X features a 3 kWh lithium-ion battery, empowering riders with a blend of performance and efficiency. Noteworthy is the scooter’s fast-charging capability, allowing a swift charge from 0 to 50% in just 18 minutes with a fast charger. The scooter’s sleek and modern design, coupled with a 7-inch touchscreen display and innovative features like voice commands, anti-theft systems, and multiple color options, positions it as a technologically advanced and stylish choice for environmentally conscious consumers.

Read Full Features of Ola S1X Pro here!

Conclusion

In conclusion, electric scooter brands in India are witnessing a dynamic transformation with the emergence of these five stellar brands. From the cutting-edge technology of Ola to the sleek designs of Gemopai, each brand brings a unique flavor to the electric scooter landscape. Whether you prioritize performance, sustainability, or innovation, these brands cater to diverse preferences.

As the electric scooter brands in India continue to evolve, these brands serve as pioneers, setting the bar high for efficiency, style, and eco-friendliness. Embrace the electric revolution and choose a brand that aligns with your vision for a greener, smarter, and more exhilarating ride.

[offtrackkorea]

Tesla on two wheels? India’s Ola Electric feels the strains of success on November 28, 2023 at 4:40 am

Reuters reported that Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics can’t keep up, though. Aggarwal’s Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. The tech…

[motogadi]

Simple Energy's Dot One Electric Scooter Set to Rival Ola S1 X Under Rs 1 Lakh!

Simple Energy, a Bengaluru-based firm, has announced the debut of a new electric scooter named the Dot One on December 15. The business claims that the Dot One will be priced under Rs 1 lakh, putting it in direct competition with the Ola S1 X. This is essentially the One e-scooter without the removable battery pack, which has a 3.7kWh battery capacity and a claimed IDC range of 160km. While…