OLA S1 Z OVERVIEW & PRICE
Introduction to the Ola S1 Z
The 2024 Ola S1 Z, a newly launched electric scooter in India, is a practical choice for those seeking electric mobility. Priced at an introductory ₹59,999, it’s designed to meet the needs of urban commuters, young professionals, students, and small business owners, offering practical features at an affordable price point.
Handling and Comfort
The scooter is designed for agile handling, with 14-inch tyres providing stability and manoeuvrability on urban roads. It is built to offer a comfortable ride, catering to the needs of daily commuters and delivery professionals.
Performance
The Ola S1 Z is powered by a 3 kW hub motor, delivering a top speed of 70 km/h. It offers fast acceleration, reaching 0-40 km/h in just 4.7 seconds, making it suitable for quick urban commutes.
Range
Equipped with two 1.5 kWh swappable battery packs, the S1 Z provides a certified range of 75 to 146 kilometres, depending on whether one or both battery packs are used. This flexibility allows users to adapt the scooter’s range to their specific needs.
Build Quality and Styling
The S1 Z features a sleek, futuristic design with LED lights and a distinctive boxy look. The Z+ variant includes additional accessories like luggage racks and a small visor, enhancing its utility and appeal.
Features and Pricing
The S1 Z features an LCD display, Bluetooth app connectivity, and swappable battery technology, enhancing user convenience. It also supports app-based access and features a removable battery that can be charged using a regular three-pin socket.
the ex-showroom price of the bike is ₹ 59,999.
Colour Options and Variants
The Ola S1 Z is available in the standard S1 Z and the higher-spec S1 Z+. The Z+ variant is priced slightly higher at ₹64,999 and offers additional features for commercial use.
Value for Money
With its competitive pricing and versatile features, the Ola S1 Z offers a strong value proposition for urban commuters. It is positioned as an affordable and eco-friendly mobility solution, making it an attractive option for many users.
VERDICT
The Ola S1 Z is a well-rounded electric scooter that combines affordability, practicality, and modern features. It is designed to cater to the needs of urban commuters, offering a compelling alternative to traditional petrol scooters. With its innovative battery technology and competitive pricing, the Ola S1 Z is poised to drive the adoption of electric vehicles in India, providing a sustainable and cost-effective transportation solution.
PROS
- Affordable pricing with a good range and speed for urban commuting.
- Swappable battery technology for extended range and convenience.
- Sleek design with practical features for both personal and commercial use.
CONS
- Limited top speed compared to higher-end models in the market
- Charging time is slightly lengthy
LIST OF ALL OLA ELECTRIC BIKE
ABOUT OLA ELECTRIC SCOOTER
Ola Electric is a prominent player in India’s electric vehicle (EV) market, primarily focusing on electric two-wheelers. This report provides a detailed overview of Ola Electric’s journey, market presence, and significant milestones.
Ola Electric Mobility was founded in 2017 as a wholly-owned subsidiary of ANI Technologies, the parent company of Ola, the ride-hailing giant in India. The company has rapidly grown to become a leading manufacturer of electric vehicles in the country, with a significant market share in the electric scooter segment.
Product Offerings
Ola Electric’s flagship product is the Ola S1 electric scooter, available in three variants: Ola S1 Air, Ola S1X, and S1 Pro. These scooters are manufactured at the company’s state-of-the-art facility in Tamil Nadu. The company has also announced plans to expand its product line to include electric motorcycles by 2025.
Market Leadership and Expansion
In 2023, Ola Electric led the electric scooter market in India with a 30% market share, highlighting its dominance in the sector. The company has ambitious plans to further expand its manufacturing capabilities and product offerings, including launching electric cars and establishing a lithium-ion battery manufacturing facility known as the Ola Gigafactory.
Funding and Valuation
Ola Electric has successfully raised significant capital to fuel its growth. Notable funding rounds include $56 million from Tiger Global and Matrix India in 2019, $250 million from SoftBank in the same year, and more than $200 million from Falcon Edge and others in 2021. The company’s valuation has steadily increased, reaching $5.4 billion by October 2023.
Future Prospects
Ola Electric is poised to continue its growth trajectory by expanding its product portfolio and manufacturing capabilities. The company aims to make India a global hub for electric vehicles by creating an integrated ecosystem of products, services, and technology. With plans to launch electric motorcycles and cars, Ola Electric is set to solidify its position as a leader in the EV market further.
In conclusion, Ola Electric’s strategic investments, innovative product offerings, and robust manufacturing infrastructure have positioned it as a key player in India’s transition to sustainable mobility. The company’s future endeavours, including developing the Ola Gigafactory and launching new vehicle models, are expected to drive further growth and innovation in the electric vehicle sector.
Key Milestones and Timeline
- 2017: Ola Electric was founded as a subsidiary of ANI Technologies.
- 2019: Raised $56 million in February and $250 million in July, achieving a valuation of over $1 billion.
- 2020: Acquired Amsterdam-based Etergo and announced plans for the world’s largest two-wheeler factory in Tamil Nadu.
- 2021: Commenced manufacturing at the Future Factory in October.
- 2022: Raised $200 million at a valuation of $5 billion and announced the construction of the Gigafactory.
- 2023: Achieved a production milestone of 4 lakh units and led the electric scooter market with a 30% share.
- 2024: Launched its IPO, raising ₹5,500 crores, and unveiled the first electric motorcycle series.
