In-shorts:
Ola to launch affordable electric scooter S1X in less than 1 lakh INR, coinciding with India’s Independence Day. Expected range to be 100 km. Complements S1 Pro, S1, and S1 Air models.
Ola Electric, the leading electric vehicle manufacturer, isn’t stopping at just the S1 Air. Another exciting addition is on the horizon for the Indian market—the highly anticipated S1X electric scooter.
Promising to be an affordable entry-level model, the S1X is slated to hit the streets with a starting price below Rs 1 lakh, and the launch is scheduled to coincide with India’s Independence Day on August 15.
Although the details are yet to be revealed, industry insiders suggest the S1X will boast an impressive range of around 100 km, making it a compelling choice for eco-conscious commuters.
Ola’s existing S1 lineup already boasts a reputation for sleek design and cutting-edge technology mix-up with unparalleled performance. The recently launched S1 Air, which inherits design elements from its predecessors, the S1 and S1 Pro, features a 3 kWh battery capacity, a certified range of 125 km, and a top speed of 90 km/hr.
In other news, leading US asset manager Vanguard has adjusted its holdings in Ola, reducing the ride-hailing major’s valuation to nearly $3.5 billion. This development follows a TechCrunch report that indicates a significant shift in the company’s valuation from $7.3 billion at the end of 2021.
As Ola continues to revolutionize the electric mobility landscape, the forthcoming launch of the S1X is sure to create waves and captivate consumers seeking an affordable, eco-friendly, and high-performance ride.
