Rs 600 cr in 24 hours! Ola Electric selling FOUR e-scooters per SECOND; what CEO Bhavish Agarwal shared about EV market

Ola Electric kick-started the sale of its e-scooters on 15th September, after facing a technical delay on 8th September. Today is the last day, the purchase will shut at midnight. The customers, who have already reserved a scooter, can convert that to purchase by paying an advance amount of Rs 20,000 and finalise the vehicle variant and colour options. 

Ola Electric CEO Bhavish Agarwal has shared that over the last couple of months as Ola Electric opened up reservations, lakhs of buyers booked their slots to purchase the revolutionary Ola S1 and S1 Pro. 

On 15th September, Ola Electric opened for purchase and consumers responded by booking the Ola scooters in unprecedented numbers! Ola claimed to sell 4 scooters every second! In fact, in just 24 hours, it sold scooters worth over Rs 600 crore! That’s more, in value terms than what the entire two-wheeler industry sells in a day! Make no mistake, the age of EVs is here. 

Agarwal shared on Twitter that India is committing to EVs and rejecting petrol! We sold 4 scooters/sec at peak & sold scooters worth 600Cr+ in a day! Today is the last day, the purchase will shut at midnight. So lock in this introductory price and buy on the Ola app before we sell out!    

Agarwal said that this response is beyond expectations and given our production plans in the coming months, today will be the last day for consumers to purchase their Ola S1 and S1 Pro scooters. Ola said those who have already reserved can purchase until midnight tonight at which point, the purchase window will close. "So, I encourage you to book yours today and lock in this introductory price," he said.

India is committing to EVs and rejecting petrol! We sold 4 scooters/sec at peak & sold scooters worth 600Cr+ in a day! Today is the last day, purchase will shut at midnight. So lock in this introductory price and buy on the Ola app before we sell out! https://t.co/TeNiMPEeWX pic.twitter.com/qZtIWgSvaN

— Bhavish Aggarwal (@bhash) September 16, 2021

The Ola CEO added that consumers can continue to reserve their spot in the purchase queue. Note that purchase is only available on the Ola App.

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Agarwal said that 15th September also established that with the right product, India has huge pent-up demand and a massive domestic market for two-wheeler EVs. We must leverage this to drive innovation, a robust local EV ecosystem and make India not only a big EV market, but also a global EV manufacturing hub!