Ola Electric has stated that the price of its S1 Pro e-scooters will increase at the next purchase window. The purchase window is set for March 17-18, in line with the Holi holiday.
Ola CEO Pavish Agarwal has announced the price hike on his official Twitter page. Nothing is mentioned about the exact range of price increase.
Agarwal tweeted, “Thanks to everyone who has already purchased the S1 Pro, and special thanks to those who bought their 2nd or 3rd S1 Pro. Last chance to get it for 129,999. We will raise prices in the next window. This window ends on the 18th. Buy at Ola Processor only”.
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The EV-maker also introduced a new color variant during the third phase of sales. The new Jerusalem color is limited to this sale.
Thanks to everyone who has already purchased the S1 Pro and special thanks to those who purchased their 2nd or 3rd S1 Pro!
Last chance to get for 129,999. We will raise prices in the next window. This window closes at 18 midnight!
Buy only on Ola Processor! pic.twitter.com/I7FF0GlXQD– Pavish Agarwal (bhash) March 17, 2022
The Ola S1 Pro was priced at Rs 1,29,999 and the Ola S1 was priced at Rs 99,999. Ola Electric has previously announced that it has raised more than $ 200 million from Techney Private Ventures, Alpine Opportunity Fund, Edelweiss and more. The latest round company is worth $ 5 billion.
Agarwal had earlier said that in the last 12 months, Ola Electric has developed the Future plant, which now produces nearly 1,000 units a day on its S1 and S1 Pro electric scooters.
With IANS inputs
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