Ola Electric has some major plans in the pipeline to expand its business to global markets. By the end of 2022, Ola Electric will begin selling its S1 and S1 Pro electric scooters in Nepal, where it has tied up with CG Motors for local distribution. The company also has plans to expand to Latin America, Southeast Asia and the European Union.
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Ola Electric to sell e-scooters in Nepal by end-2022
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Ola Electric plans to expand to Latin America, Southeast Asia and EU
Ola Electric future expansion plans: details
Bhavish Aggarwal, founder and CEO of Ola Electric, took to social media to announce the company’s foray into major global markets starting with Nepal next quarter. "World’s EV transition will be led by India!" he said.
This move comes at a time when Ola scooters' sales numbers have been faltering. In May of this year, Ola Electric managed to register 9,249 scooters, which shrunk down to 3,421 units by August. Earlier this week, Ola Electric announced plans to open up experience centres across the nation, adding that 20 such centres are already functional.
In August, Ola announced that its first electric car will arrive in 2024, with a claimed range of more than 500km on a single charge.
Vishal Venugopal
Ved Janve
Azaman Chothia
