Ola’s Next Big Move: Electric Bike Set for Grand Launch
Ola Electric’s founder Bhavish Aggarwal announces the launch of the company’s first electric bike, promising a revolutionary shift in India’s EV market.
- Ola’s first-ever electric bike to debut on February 5, 2024.
- Bhavish Aggarwal shares a teaser, calling it a game-changer for the EV industry.
- Ola continues to dominate the electric two-wheeler market with a 25% market share.
Ola Electric, the leading name in India’s EV revolution, is all set to unveil its first-ever electric bike on February 5, 2024. The announcement was made by Ola founder Bhavish Aggarwal via social media platform X (formerly Twitter), where he shared a teaser video of the bike in action. Calling it a “new era for electric mobility,” Aggarwal hinted that the bike would surpass all previous achievements of the company. The official launch event will take place at 10:30 AM on February 5.
Ola’s Dominance in the EV Market
Ola Electric has been making significant strides in the electric two-wheeler industry. In January 2024 alone, the company sold 22,656 units, marking a 65% growth compared to the previous month. With a 25% market share, Ola is currently leading the electric scooter segment. The company has been aggressively expanding its network, with over 4,000 dealerships and service centers across India.
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Recently, on January 31, 2024, Ola introduced eight new electric scooters under its S1 series, built on the third-generation platform. These scooters are priced between ₹79,999 and ₹1,69,999, offering a variety of features aimed at performance, safety, and reliability.
Ola’s Vision for the Future
With its headquarters in Bengaluru and a manufacturing unit in Tamil Nadu, Ola has been pushing the boundaries of electric mobility. After achieving massive success in the electric scooter segment, the company is now stepping into the electric bike market. This move is expected to further cement Ola’s position as a leader in India’s EV industry.
As excitement builds for the February 5 launch, all eyes are on Ola to see if its first electric bike can revolutionize the market just like its scooters did.
