Ola Electric to unveil Gen 3 electric scooter today

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“Bringing the ‘Next Level’ with @OlaElectric Gen 3 scooters! We’ve significantly surpassed Gen 2 products in every way — much higher performance, more features, great design! And a surprise to change the industry all over again,” he wrote in a post on X (Formerly Twitter).

The Bengaluru-based EV scooter maker expects the new platform to bring in around 20 per cent worth of margin savings, according to a report by news agency PTI which cited Aggarwal as having said in his second quarter call with analysts.

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“In terms of gross margin, we expect about a 20 point improvement as Gen 3 plays out over the next 12 months step-by-step,” the report quoted him as saying.

He mentioned that for the Gen 3 upgrade, the company “doing rearchitecture of the electronics platform to lower the number of ECUs into smaller, largely a single board.”

“We’re doing some very cool work on battery as a structure which takes away some layers of plastic,” he added.

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The company also reworked the mechanicals and the way the fabrication of the vehicle happens in the factory to reduce the manufacturing cost.