- The Ola S1 electric scooters will make their way to Nepal first
- Future expansion plans would cover ASEAN regions in addition to Latin America and Europe
- Ola also has an electric car in the pipeline for 2024
Ola Electric will begin selling its electric scooter and other products in global markets, starting with Nepal. This comes after the company officially signed a Memorandum of Understanding with Nepal’s CG Motors for the distribution of the Ola S1 and S1 Pro electric scooters. The company is also planning a further expansion into Europe, Latin America, and ASEAN markets, the manufacturer said in a statement.
Founder and CEO of Ola Electric, Bhavish Aggarwal said, “Our international expansion not only means that we will as a company be able to serve customers in these similar regions, but it is also testament to the fact that India will lead the EV revolution for the world.
Aggarwal went on to say that India will be a key driver of the electric vehicle revolution. Notably, the company also has an electric car in the pipeline, which has been teased extensively and will be released sometime in 2024.
Ola Electric shared a few key details about the electric car last month, while also launching the Ola S1 electric scooter. This new addition complements the S1 Pro model launched by the company last year. With an introductory price of Rs 99,999 (ex-showroom), the scooter officially went on sale on September 2.
Plenty of competitors in the Indian electric scooter market
Hero MotorCorp is expected to launch its first electric scooter next month, while Japanese automaker Honda is planning to release at least 10 electric motorcycles and scooters by 2025. Customers can already choose from a wide range of affordable electric scooters. In addition to the duo of Ola S1 and S1 Pro, Indian buyers can also choose from the likes of Ampere Magnus EX, the iVOOMi JeetX/JeetX 180, and the Bounce Infinity E1, to name a few.