Ola Electric has said that the prices of its S1 Pro e-scooter will be increased in the next purchase window. The shopping window has been set between March 17-18, coinciding with the Holi holiday.
Ola CEO Bhavish Agarwal announced the price hike on his official Twitter handle. There is no mention of the exact extent of the price hike.
“Thanks to everyone who has already bought the S1 Pro, and a special thanks to those who have bought their second or third S1 Pro. Last chance to get it for 129,999. We will increase the prices in the next window. This Window 18 Ends at midnight! Buy now, only on Ola app,” Agarwal said in a tweet.
Read also: IGL, Kinetic Green launch battery-swapping station ‘Energy Cafe’
The EV-maker also introduced a new color variant during the third phase of sales. The new ocher color is limited to this sale only.
The price of Ola S1 Pro has been kept at Rs 1,29,999 and the price of Ola S1 has been kept at Rs 99,999. Ola Electric previously announced that it has raised over $200 million from Tekne Private Ventures, Alpine Opportunities Fund, Edelweiss and others. The latest round values the company at $5 billion.
Over the past 12 months, Ola Electric has built the Future factory, which is now producing around 1,000 units of its S1 and S1 Pro electric scooters per day, Agarwal had said earlier.
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