Ola Electric Mobility Ltd unveiled its new Gen 3 electric scooter range on Friday, January 31, 2025. The new scooter range comes with Ola’s ‘MoveOS 5’ which is their new EV operating system.
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The EV maker has revealed the new S1 Pro, the S1 Pro+, and the more affordable S1 X and S1 X+.
The S1 Pro comes in two variants: One with a 3 kwh battery and another with a 4 kwh battery. Meanwhile, the Pro+ comes with either a 4 or a 5.3 kwh battery pack as an option.
The Ola S1 X comes with 2, 3 and 4 kWh battery pack choices, while the S1 X+ comes only with a 4 kWh battery pack.
The Pro+ has a staggering 320 km of range and a top speed of 141 kph, Ola claims.
The Gen 3 scooters also come with Ola’s patented ‘Brake by Wire’ technology. This uses a sensor on the brake lever to balance between brake pad use and resistance from the motor, resulting in 15% more range and double the brake pad life.
The increased range comes from the electric motor also regenerating electricity from the braking action.
The scooters comes with a mid-drive motor and an integrated Motor Control Unit (MCU), unlike the previous generations which came with hub motors. Aggarwal claims it is five times more efficient and that it is more reliable and lightweight.
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The scooters also come with chain drive with pre-lubricated O-rings, rather than the previous generations’ belt drive. Ola expects the chains to last twice as long as the belts.
Ola Electric has also opened 4,000 stores and service centres across India by December 2024, Aggarwal announced during the presentation. This is despite the store count being just around 800 in November 2024.
Aggarwal also announced that Ola Electric now has a 25% market share in India.
Ola Gen 3 electric scooter price
The Ola S1 X starts at ₹79,999 for the 2kWh version. The 3kWh version costs ₹89,999, and the 4 kWh version costs ₹99,999. These are all ex-showroom figures. Meanwhile, the S1 X+ costs ₹1,07,99.
The S1 Pro costs ₹1,14,999 for the 3 kWh model, while the 4 kWh model costs ₹1,34,999.
The top-of-the-line Pro+ costs ₹1,54,999 for the 4 kWh version, while the flagship 5.3 kWh one costs RS 1,69,999.
Orders start from today onwards while deliveries will start in Mid-Feb, Aggarwal said.
New Ola Roadster X motorcycle launch
Ola also announced that the new Ola Roadster X motorcycle will be launched on February 5, 2025.
What happens to Gen 2 Ola Electric scooters?
Aggarwal said that the previous generation electric scooters will continue to be on sale with lowered pricing.
The Gen 2 Ola S1 X will cost ₹69,999 for the 2kWh battery pack, ₹79,999 for the 3 kWh version, and ₹89,999 for the 4 kWh battery model.
Meanwhile, the Gen 2 Ola S1 Pro will cost ₹1,14,999 and will come only with the 4 kWh battery pack.
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How did Ola Electric shares perform?
At 10:35 am IST shortly before the reveal, Ola Electric Mobility Ltd shares were trading in the green at ₹75.50 on the Bombay Stock Exchange (BSE). This was an increase of 12.94 per cent or ₹8.65.
At 11:30 am IST, the stock was still up 12.42% or by ₹8.30, trading at ₹75.15.
