From charging points expansion to launching new model; 4 key announcements made by Ola Electric CEO

Ather Energy rival Ola Electric's CEO Bhavish Aggarwal, on Friday (February 2), made four key announcements across products, service, charging network and battery warranty.

"We have addressed the biggest barrier to adoption of EVs in India. The initiatives we have announced today span across products, service, charging network and battery warranty marking a big leap towards breaking all barriers in EV adoption across the country. I am confident that these will further accelerate the transition to EVs across the country," Bhavish said.

Expansion of fast-charging points

EV giant Ola Electric revealed its plans to expand its charging network across the country. The EV maker aims to increase its fast charging points from the current 1,000 to 10,000 by April this year.

The expansion will target high streets, residential areas, fuel stations with existing partnerships, and key inter-city routes, facilitating both long-distance and urban EV use, according to the company's CEO Bhavish Aggarwal.

Country’s biggest EV 2W Charging network

With a massive network of 10,000 charging points, we will ensure that the charge anxiety in our consumers mind is no longer there. Our consumers will now have the option to charge up their vehicles wherever they want, at home, or at our… pic.twitter.com/C2ckoIhodt

— Bhavish Aggarwal (@bhash) February 2, 2024

Adding a new variant to the S1 series

In addition to expanding its charging network, Ola Electric is introducing a new variant to its S1 scooter series, the S1 X, which the company claims to have a higher range and affordability.

The top version of the S1 X comes with a 4kW/hour battery that can go up to 190 km on a single charge, and it's priced at Rs 1,09,999. Ola has also launched lower-priced versions with 4 and 2-kWh battery packs, costing Rs 89,999 and Rs 79,999, respectively.

According to Agarwal, these scooters come with an industry-first 8-year or 80,000 km warranty. Deliveries for these scooters are set to begin in April this year, he said.

Scaling service centres

To support its growing customer base, Ola Electric plans to increase its service centres from 414 to 600 by April 2024 with an aim to address most service requests within a day or two.

The development comes after the company witnessed high sales volume and the need for efficient servicing.

Unveiling new warranty policy

CEO Bhavish Aggarwal said Ola Electric's new battery warranty policy will offer an eight-year warranty to ensure significant resale value even as the battery nears the end of its lifecycle.

"Today we are ensuring that your Ola vehicle is 2X of an ICE vehicle. Now our customers will enjoy the convenience of 8 years/80,000 extended battery warranty at no extra cost - we are fully committed to making sure that your Ola Electric vehicle lasts really long, longer than any 2W vehicle in the market!" Bhavish wrote in a series of tweets.

Join our new WhatsApp Channel for the latest startup news updates