Ola Electric Mobility has now decided to start the procurement of its electric Ola S1 scooter from September 8.
Incidentally, September 8 is also observed as World EV Day and is marked to promote the switch from fossil fuels to electric vehicles as the latter is more environmentally friendly.
Ola Electric said in a statement that the Equated Monthly Installment (EMI) for the S1 scooter will start at Rs 2,999 per month.
“If you need financing, OFS (Ola Financial Services) has tied up with leading banks including IDFC First Bank, HDFC and Tata Capital to help finance your Ola S1.”
The EMI of Ola S1 Pro will start from Rs 3,199.
Customers can get pre-approved loans from HDFC Bank in minutes on the Ola and Ola Electric apps, the company said, adding that Tata Capital and IDFC First Bank will facilitate digital KYC and instant loan approvals to eligible customers.
“If you do not require financing, you can make an advance payment of Rs 20,000 for Ola S1 or Rs 25,000 for Ola S1 Pro, and the rest when we invoice your scooter,” the statement said.
The deliveries of the Ola S1 and S1 Pro will begin from October 2021, Ola Electric said, adding that the test ride will begin from the same month. Customers can also choose to cancel the order after the test ride, provided the scooter is not shipped for delivery from the Ola factory.
Customers can also insure scooters through the Ola and Ola Electric apps. The insurance partner of the company is ICICI Lombard.
The company said that there is an Aadhaar policy of ‘1 year own loss and 5 years third party’ which is mandatory for registration. In addition, buyers can opt for other add-ons such as personal accident cover, zero depreciation and roadside assistance.
The Ola S1 comes with a three-year warranty on its battery and the vehicle’s warranty will be for three years or up to 40,000 km, whichever is earlier.
In a Twitter post, Bhavesh Agarwal, Co-Founder, Ola Cabs said, “India is on the move again! Our @olacabs GMV surpassed pre-Covid levels last week. Recovery from the second wave is 3 times faster.” Clearly India is up and about! (Thus).”
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