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Ola expands to 4,000 locations, introduces new scooter models
Ola Electric has opened more than 3,200 stores and service centers in India’s major cities and smaller towns in just one day, expanding to 4,000 locations.
Following the announcement, Ola Electric’s stock rose by 6% to 99.9 rupees (US$1.17).
The company has introduced new electric scooter models starting at 39,999 rupees (US$469.15), targeting urban, semi-urban, and rural consumers.
Deliveries for these models are expected in April and May 2025, with bookings now open.
Recent Ola Electric developments
| Timeline |
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03-Jun-2024 📉 Ola Electric eyeing up to 500 job cuts before IPO: report
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02-Jan-2024 ⚡ Ola Electric captures 40% market share in India’s two-wheeler EV segment
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22-Mar-2023 ⚡ Ola Electric eyes up to $300m raise in new round
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29-Jul-2022 🔋 Ola Electric briefly suspends production at Future Factory
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18-Jul-2022 🔋 Ola Electric to set up $500m battery research facility
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