Ola Electric to increase prices of e-scooters


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new Delhi. Ola Electric has announced that it will increase the prices of the S1 Pro e-scooter in the next purchase window. The firm is set to start the next procurement window with the festival of Holi on March 17-18.

Ola CEO Bhavish Agarwal announced the price hike on his official Twitter handle. There is no mention of the exact extent of the price hike.

In a tweet, Agarwal said, “Thank you to all those who have already bought the S1 Pro and a special thanks to those who have bought their second or third S1 Pro. Last chance to get it at Rs 129,999. We will see the prices in the next window.” Will extend. This window ends at midnight on the 18th.”

The EV-maker also introduced a new color variant during the third phase of sales. The new ocher color is limited to this sale only.

The price of Ola S1 Pro has been kept at Rs 1,29,999 and the price of Ola S1 has been kept at Rs 99,999.

Ola Electric previously announced that it has raised over $200 million from Tekne Private Ventures, Alpine Opportunities Fund, Edelweiss and others.

The company is valued at $5 billion in the latest round.

Agarwal had earlier said that in the last 12 months, Ola Electric has built the Future factory which is now producing around 1,000 units of its S1 and S1 Pro electric scooters.

–IANS

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