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Defining the Future of Mobility

We are a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. We manufacture EVs and certain core EV components like battery packs and motors at the Ola Futurefactory. Our business focuses on capturing the opportunity arising out of electrification of mobility in India and we also seek opportunities to export our EVs in select international markets in the future

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Our operating and financial metrics

 Unit3 months ended June 30, 2023Fiscal 2023Fiscal 2022Fiscal 2021
Unit SalesUnits70,238156,51920,948-
Revenue from operations₹ Million12,42726,3093,7348.64
EBITDA(1)₹ Million(1,838)(11,971)(7,176)-
E2W Market Share(2)%32218-

 

Note:

(1) EBITDA is defined as our loss for the period/year, before tax expenses, finance costs and depreciation and amortisation expenses.

(2) Source: Redseer Report

Key Financial Metrics

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Scooter Volumes

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Gross Revenue

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R&D expenses

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Adjusted Gross Margin

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Employee benefits expense as % of Total Income

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R&D spend as % of Revenue

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Asset Turnover

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Employee benefits expense and other expenses as % of Total Income

Monthly registrations of Ola Electric Scooter (#Units)

Largest E2W Players within 9 months of commencing deliveries of our first vehicle model in December 2021

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Our business ecosystem

R&D and Technology

R&D and Technology

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Software

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Electronics

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Motor & Drivetrain

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Cell and Battery

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Manufacturing

Manufacturing 
and Supply Chain

Manufacturing 
and Supply Chain

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Online purchase

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Experience centers

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Service centers

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Charging Network

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Value added services

Go to Market

Go to Market

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Ola EV Hub

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Futurefactory

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Cell and Battery

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Supplier Co-location

Our products
Scooters

Ola S1 Pro: Our flagship premium EV scooter offering, featuring an extended driving range of up to 195 km, a top speed of 120 km per hour and a range of smart technologies on a 7-inch touchscreen.

Ola S1 Air: Our second premium EV scooter offering, featuring a driving range of 151 km with a 6 kW peak motor power and a range of smart technologies on a 7-inch touchscreen.

Ola S1 X+: Retailing at a lower price than the Ola S1 Air, the Ola S1 X+ features a driving range of 151 km and comes in seven different colors. This model also includes smart connectivity features such as keyless unlock and a 5-inch segmented display.

Ola S1 X (2 kWh) and Ola S1 X (3 kWh) : Our mass-market EV scooters that feature a driving range of up to 151 km and a 3.5-inch segmented display available in two battery capacity configurations: 2kWh and 3kWh

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Ola S1 Pro: Our flagship premium EV scooter offering, featuring an extended driving range of up to 195 km, a top speed of 120 km per hour and a range of smart technologies on a 7-inch touchscreen.

Ola S1 Air: Our second premium EV scooter offering, featuring a driving range of 151 km with a 6 kW peak motor power and a range of smart technologies on a 7-inch touchscreen.

Ola S1 X+: Retailing at a lower price than the Ola S1 Air, the Ola S1 X+ features a driving range of 151 km and comes in seven different colors. This model also includes smart connectivity features such as keyless unlock and a 5-inch segmented display.

Ola S1 X (2 kWh) and Ola S1 X (3 kWh) : Our mass-market EV scooters that feature a driving range of up to 151 km and a 3.5-inch segmented display available in two battery capacity configurations: 2kWh and 3kWh

Scooters
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Choose Your S1

Choose Your S1

To access all the amazing features that come with your Ola Scooter

Need help choosing? Let us help

  1. Help me choose my S1

    To access all the amazing features that come with your Ola Scooter

    Need help choosing? Let us help

  2. S1 Pro

  3. S1 X+

  4. S1 Air

  1. Price

    Top speed

    0-40 km/h

    0-60 km/h

    Certified Range

    Modes

    Colours

    Charging Time

    Battery warranty

    Peak Power

    MoveOS

    Key Type

  2. 1,29,999

    EMI starts at ₹3,299

    Top speed

    120 km/h

    0-40 km/h

    2.6 s

    0-60 km/h

    4.3 s

    Certified Range

    195 km

    Modes

    Eco, Normal, Sports & Hyper

    Colours

    Gerua

    Charging Time

    6.5 hrs

    Battery warranty

    8 years

    Peak Power

    11kW

    MoveOS

    yes

    Key Type

    Digital Key

  3. 89,999

    EMI starts at ₹2,099

    90 km/h

    3.3 s

    5.5 s

    151 km

    Eco, Normal, Sports

    Colours

    Gerua
    4 kWh

    Charging Time

    7.4 hrs

    Battery warranty

    8 years

    Peak Power

    6kW

    MoveOS

    yes

    Key Type

    Digital Key

  4. 1,04,999

    EMI starts at ₹2,699

    90 km/h

    3.3 sec

    5.7 sec

    151 km

    Eco, Normal, Sports

    Colours

    Porcelain White
    2 kWh
    3 kWh

    Charging Time

    5 hr

    Battery warranty

    8 years

    Peak Power

    6kW

    MoveOS

    no

    Key Type

    Digital Key

Find the Ola S1 that matches your needs best

Answer 3 simple questions to know your best scooter companion

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Prices mentioned above are ex-showroom. For any other configurations, contact support@olaelectric.com.

Brochure

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Model comparisons

Overview
Top speed
120 km/h
90 km/h
90 km/h
0-40 km/h
2.6 sec
3.3 sec
3.3 sec
0-60 km/h
4.5 sec
5.5 sec
5.7 sec
Certified Range
195 km
151 km
151 km
True Range (Eco mode)
180 km
125 km
125 km
True Range(Normal mode)
143 km
100 km
100 km
Home Charging Time
6.5 Hrs
7.4 hrs
5 hrs
Battery warranty
8 years
8 years
8 years
Motor Power (Nominal/Peak)
5.5kW / 11kW
2.7kW / 6kW
2.7 / 6kW
Boot Space
34 L
34 L
34 L
Instrument cluster
17.78 cm (7) Touch screen
12.7 cm (5)/ Segmented LCD
17.78 cm (7) Touch screen
Screen Resolution
800 * 480
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800 * 480
Headlamps/Tail Lamp
LED / LED
LED / LED
LED / LED
Power and Performance
Top speed
120 km/h
90 km/h
90 km/h
Certified Range
195 km
151 km
151 km
Drive Modes
Eco, Normal, Sports & Hyper
Eco, Normal & Sports
Eco, Normal & Sports
Motor Type
Mid Drive IPM
Hub Motor
Hub Motor
0-40 km/h
2.6 sec
3.3 sec
3.3 sec
0-60 km/h
4.6 sec
5.5 sec
5.7 sec
Peak Motor Power
11 kW
6 kW
6 kW
Rated Motor Power
5.5 kW
2.7 kW
2.7 kW
Battery Capacity
4 kWh
3 kWh
3 kWh
Charger Type, Capacity
Portable 750 W
Portable 500 W
Portable 750 W
Home Charging Time
6.5 hrs
7.4 hrs
5 hrs
Battery warranty
8 years
8 years
8 years
True Range (Eco mode)
180 km
125 km
125 km
True Range(Normal mode)
143 km
100 km
100 km
Brakes, Wheels and Suspensions
Frame Type
Tubular & Sheet metal
Tubular & Sheet metal
Tubular
Front Suspension
Twin telescopic
Twin telescopic
Twin telescopic
Rear Suspension
Mono shock
Dual Shock
Dual Shock
Front Brake Type
Disc
Drum
Drum
Rear Brake Type
Disc
Drum
Drum
Braking System
CBS
CBS
CBS
Wheel Type
Alloy Wheel
Steel
Steel
Dimensions
Kerb Weight
116 kg
108 kg
108 kg
Boot Space
34 L
34 L
34 L
Overall Length
1861 mm
1860 mm
1860 mm
Overall Width
850 mm
850 mm
850 mm
Overall Height
1288 mm
1298 mm
1298 mm
Wheelbase
1359 mm
1359 mm
1359 mm
Seat Height
805 mm
805 mm
805 mm
Seat Length
738 mm
738 mm
738 mm
Ground Clearance
160 mm
160 mm
160 mm
Features
Side Stand Alert
Reverse Mode
Eco Mode
Sport Mode
Hyper Mode
OTA Updates
Music
Remote Boot Unlock
Bluetooth
GPS Connectivity
Navigation
Predictive Maintenance
Cruise Control
Vacation Mode
Advanced Regen

* Terms and conditions apply

 

All models above include optional charger and S1 Pro includes performance upgrade as accessories. If you wish to opt out of these accessories, contact us at  support@olaelectric.com

Motorcycles

On August 15, 2023, we announced a lineup of E2W motorcycles, comprising the Cruiser, Adventure, the Roadster and our flagship motorcycle, the Diamondhead.We expect to begin delivery of the motorcycles in the second half of Fiscal 2025

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Adventure

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Roadster

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Diamondhead

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Cruiser

Our Technology

Our Manufacturing and Supply chain Capabilties

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EV Hub

We are building our EV hub in Krishnagiri and Dharmapuri districts in Tamil Nadu, India, which is expected to span up to 2,000 acres of land and consist of our Ola Futurefactory and our upcoming Ola Gigafactory in Krishnagiri district and co-located suppliers across both locations. Our EV hub is pivotal to our aim to become a hub for manufacturing quality EVs and to build an EV supply chain ecosystem within the EV hub that is efficient and resilient.

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Futurefactory

We manufacture our E2Ws and certain E2W components at the Ola Futurefactory. We built the Ola Futurefactory in eight months, reaching a production capacity of one million units per year as of October 31, 2023. It spans across [417] acres of land in Krishnagiri, Tamil Nadu. The Ola Futurefactory is the largest integrated and automated E2W manufacturing plant in India by production capacity, as per the Redseer report. Our Ola Futurefactory is an automated manufacturing facility equipped with modular assembly lines across motor, battery and welding and has an in-house paint shop.

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Gigafactory

We have designed and are building our Ola Gigafactory for cell manufacturing. We plan to manufacture the 4680 cell at scale at the Ola Gigafactory, which is currently under construction. We commenced construction of our Ola Gigafactory in June 2023. It will be located within close proximity to our Ola Futurefactory, within the EV hub. The first phase of the Ola Gigafactory is expected to be completed by March 31, 2024. It will have a production capacity of 5 GWh upon the completion of the first phase

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Supply Chain

Our D2C Omnichannel Distribution Network

We operate our own D2C distribution network comprising 935 experience centers situated across India, including 392 service centers housed within some of the experience centers, as of October 31, 2023, in addition to our Ola Electric website. Our network of experience centers was India’s largest automotive company-owned network of experience centers as of September 30, 2023 according to the Redseer Report.

Our customers have access to an omnichannel purchase experience through our Ola Electric website, our online platform for D2C sales to customers, which customers can also access at our experience centers. Customers can discover our products, reserve test drives and pre-order and purchase EV scooters through the Ola Electric website, and track the status of after-sales services at our service centers through the Ola Electric Companion app. We deliver our vehicles across India.

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A strong and resilient supply chain

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Direct relationships with suppliers for consistent quality and control over costs 

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Focus on local suppliers

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Supplier Co-location to enable just-in-time manufacturing

Our Journey and
Strong Execution

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Ola
Futurefactory

Breaking ground

MAR 21

scooter

S1 Pro
delivery started

DEC 21

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R&D centre
established

Battery Innovation Centre

SEP 22

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Announced
S1 Air

3 models within two years of our 1st product launch

OCT 22

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Gigafactory
Construction started

Battery Innovation Center

JUN 23

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Planned delivery
of Motorcycles

2H of 2025

OCT 21

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Futurefactory Plant
commissioned

Built in 8 Months

SEP 22

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1st Experience
centre opened

SEP 22

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S1 Delivery
started

MAY 23

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500th Experience
Center Opened

Built in 8 Months

AUG 23

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Announced S1
Pro (Gen 2)

& 3 Variants of S1 X/X+

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