Ola Electric shares climbed 9% to an intraday high of Rs 83.70 on the NSE today following the launch of two new electric scooter ranges, starting at just Rs 39,000, making them the most affordable offerings in Ola’s lineup.
New Scooter Launches: Ola S1 Z and Gig Range
Ola Electric unveiled two new models: the S1 Z and the Gig range, designed to cater to diverse customer needs. CEO Bhavish Aggarwal announced the launch on X, saying, “Say hello to Ola S1 Z & Gig range, starting at just Rs 39K! Affordable, accessible, and now with a portable battery pack that doubles up as a home inverter using the Ola PowerPod.”
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The company has already begun accepting reservations for the new models, with deliveries expected to start in April 2025.
Currently, Ola Electric offers three scooters in the market:
- S1X priced at Rs 69,999
- S1 Air at Rs 1,00,499
- S1 Pro at Rs 1.34 lakh
Details of Ola Gig Range
The Gig range targets gig workers and is available in two variants—Gig and Gig+, priced at Rs 39,999 and Rs 49,999 (ex-showroom), respectively. These models are specifically designed for business-to-business (B2B) use and rentals, providing practical solutions for delivery and ride-sharing professionals.
- Gig:
- Range: 112 km on a single charge
- Top Speed: 25 km/h
- Battery: Removable 1.5 kWh
- Introductory Price: Rs 39,999
- Gig+:
- Range: 81 km (extendable to 157 km with dual batteries)
- Top Speed: 45 km/h
- Battery: Removable single/dual 1.5 kWh
- Introductory Price: Rs 49,999
Details of Ola S1 Z
The S1 Z range caters to personal-use customers, especially urban commuters. Like the Gig range, it offers two variants—S1 Z and S1 Z+.
- S1 Z:
- Range: 75 km
- Top Speed: 70 km/h
- Battery: Removable dual 1.5 kWh
- S1 Z+:
- Designed for personal and light commercial use
- Features a robust body for dual purposes
Ola also introduced the PowerPod, a home inverter powered by the scooter’s portable battery,
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