Ola Electric S1 and S1 Pro scooters were launched in India on August 15 and have received an overwhelming response from customers. 

Ola Electric Scooter raised fresh funding of $200 million at a valuation of $5 billion. The company has announced that it has raised over $200 million, roughly converted to around ₹1,490.5 crores.

The company raised its funds from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others.

It raised its funding earlier in September last year of $200 million at a valuation of $3 billion.

Ola Chairman and group executive officer Bhavish Aggarwal said in a tweet on January 21, “Scooters are ready, are you? Which one of these will you make yours?! Window to make your final payment opens at 6 pm today only on the OLA APP! We'll dispatch across Jan, Feb.”

The Ola Electric scooter S1 and S1 Pro were launched with two variants S1 at ₹99,999 and S1 Pro at ₹1,29,999, including (ex-showroom including FAME II subsidy and excluding state subsidies).

EMIs for the Ola e-scooter have 
been fixed at Rs 2,999 for the S1 variant, while for the S1 Pro it will be Ra 3,199. 

The Ola electric scooter battery comes with a three years warranty while for the vehicle it is for three years or 40,000 kilometers whichever happens first.

Several states have already announced subsidies on the Ola e-scooter like  Delhi, Gujarat, Maharashtra, Odisha and Rajasthan on the basis of the Faster Manufacturing and Adoption of Electric Vehicles in India Phase 2 (FAME-II) subsidy offered.

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