When the Ola S1 and S1 Pro electric scooters were introduced, they fast became the world's fastest-selling electric scooters. However, the corporation is now denying that it is behind schedule in delivering those scooters to pre-order customers.
The Ola S1 and S1 Pro electric scooters were launched earlier this year to universal attention from both riders and industry people.
Consumers were attracted to the scooter's powerful (for a scooter) 8.5 kW motors and top speeds of 115 km/h (71 mph), but it was the low price of Rs 99,999 ($1,350) that really motivated potential buyers to open their wallets.
Hundreds of thousands of scooters were sold in the first few days, with early reservations coming in at a pace of four per second.
Ola was able to raise further capital at a $3 billion valuation thanks to that successful launch.
Ola announced a plan to accept final payments in mid-October after receiving refundable deposits last month.
The company has now delayed the deadline for full payments until mid-November, while also stating that reservations holders will be able to take test rides in November.
Many people have suggested that the postponed payment deadline means there would be a delay in production, but Ola claims that everything is on track.
Instead, the business states that the payment deadline has been put out to allow reservation holders to test ride the scooters before making the final payment. They also mentioned that all reservations are entirely refundable up until the final payment is made.
In a statement, the business stated:
"Every consumer who has ordered our scooter has been given a specific delivery window, and we are on pace to deliver the scooters inside that time frame," says Ola Electric. We prefer customers to pay the balance once they have had the opportunity to do a test drive, thus the final payment window is linked with the test drive dates, which have also been notified to customers, beginning November 10th. We are committed to delivering the scooter to each customer within the specified delivery window.”
Ola's new Future factory, a massive and expansive site expected to produce 2 million electric scooters per year in the near future, is where the scooters are made. There are plans to extend that capacity to 10 million electric scooters per year in the near future.
Ola wants to export its scooters internationally, thus its huge production capacity will not only serve the home market. Last month, CEO Bhavish Aggarwal revealed that plans were ongoing to bring scooters to the United States by early 2022.
Ola Electric has also garnered headlines for its social ideals, such as employing only women in its plant.
Ola is likely to become a key player in the domestic electric scooter market once scooters are ultimately delivered. It may also become a serious player in international markets, with its sights set on exports.
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