- Ola’s market cap rose by $1 billion in 2 days after launching the affordable Ola Gig scooter for delivery workers.
- New scooters, including the revamped S1 for urban riders, support Ola’s goal of making EVs accessible in India.
- Ola plans to expand its EV lineup, ramp up distribution, and boost production efficiency with innovative technologies.
Ola Electric’s market value soared by $1 billion in just two days, driven by the launch of the Ola Gig, an affordable electric scooter designed for delivery workers. Priced at ₹39,999, the Ola Gig caters to India’s growing gig economy, while a revamped S1 model targets urban commuters like students, women, and professionals.
The launches align with Ola’s mission to “democratize electric mobility” in India. Despite initial setbacks after its IPO, recent developments and a positive market outlook have rekindled investor interest, with analysts optimistic about Ola’s aggressive expansion plans.
Looking ahead, Ola plans to launch 20 new products by 2025, including electric motorcycles and three-wheelers for mass and premium markets. The company is also scaling up its store network, service points, and in-house battery production to enhance efficiency and reduce costs. These efforts are expected to solidify Ola’s leadership in India’s EV market and support its global expansion goals.
