Ola Electric Kicks Off Deliveries Of S1 Gen 3 Scooters

Listed electric vehicle (EV) juggernaut Ola Electric has commenced the deliveries of its S1 Gen 3 scooter range across India through its network of stores. 

The portfolio comprises three models namely S1 Pro+, S1 Pro, and S1 X. While S1 Pro+ is available in 5.3kWh and 4kWh variants, S1 Pro has been launched in 4kWh and 3kWh variants. Meanwhile, S1 X scooters are available in four variants, namely S1 X+ (4kWh) and S1 X (4kWh, 3kWh, and 2kWh).

Prices start at INR 79,999 for the S1 X (2kWh) and go all the way up to INR 1,69,999 for the S1 Pro+ (5.3kWh with 4680 Bharat Cell). 

In a statement, the company claimed that the Gen 3 platform will offer a 20% increase in peak power, an 11% reduction in cost, and a 20% boost in range compared to its predecessor. The Gen 3 platform will also feature a mid-drive motor with chain drive, an integrated Motor Control Unit (MCU), and a dual ABS system with brake-by-wire technology. 

As per the company, the S1 Pro+ scooter, which can notch a top speed of 141 km/h, offers a range of up to 320 km. On the other hand, the S1 Pro can clock a maximum speed of 125 km/h and a range of 242 km.  

In addition, while the S1 X can achieve a top speed of up to 123 km/h and a maximum range of 242 km, S1 X+ has a top speed of 125 km/h and a 242 km range.

The latest launch comes at a time when Ola Electric has been experimenting with a slew of new launches. Recently, the electric vehicle (EV) maker entered the electric motorcycle segment with its Roadster X series as well.

Nevertheless, Ola Electric has been courting headlines for all the wrong reasons in the recent past. 

Ola Electric Under Regulatory Lens 

Despite splurging heavily on product expansions and a growing store network, Ola Electric continues to face significant regulatory headwinds. Earlier this month, a report claimed that more than 95% of Ola Electric’s 3,400 showrooms were operating without necessary trade certificates. 

What followed was that transport authorities in multiple states, including Madhya Pradesh and Maharashtra, reportedly raided the EV maker’s outlets and impounded as many as 50 scooters in the two states.

Responding to the charges, Ola Electric informed the bourses that it was actively engaging with regulators and ensuring compliance.

Additionally, the Ministry of Heavy Industries (MHI) is investigating the company over alleged discrepancies between Ola Electric’s reported sales figures and actual vehicle registrations. While the company claims to have sold 25,000 scooters in February, the Vahan portal only recorded 8,600 new registrations for the same period. 

Previously, the EV maker informed the bourses in February that its ongoing negotiations with its vendors (or registration agencies) would lead to a difference in sales numbers. The company claims to be addressing the issue and expects the backlog to be cleared by the end of March 2025.

However, the matter took a different turn as one of its vendors Rosmerta Digital Services, in March 2025, filed an insolvency petition against Ola Electric technologies over alleged unpaid dues.

Making matters worse is the growing losses of Ola Electric. The EV maker saw its consolidated net loss surge 50% to INR 564 Cr in the third quarter (Q3) of the fiscal year 2024-25 (FY25) from INR 376 Cr in the year-ago quarter. Meanwhile, revenue from operations also declined 19% to INR 1,045 Cr during the quarter under review from INR 1,296 Cr in Q3 FY24.

On account of these headwinds, Ola Electric’s stock has been on a downward spiral. Shares of the company have declined 40.28% in the last three months. Ola Electric’s stock also hit an all-time low of INR 46.32 on March 17. 

Ola Electric shares closed Friday’s (March 21) trading session 8.4% higher at INR 56 on the BSE.