Ola CEO Bhavish Aggarwal today made a big announcement on social media platforms that he is going to Inaugurate a record-breaking 4,000 stores on Christmas 25th December.
Ola CEO makes BIG announcement
“Ola Electric #SavingsWalaScooter will now be accessible to every city, town and tehsil!” the EV startup founder wrote.
He further elaborated, “This is one of the fastest expansion of distribution network globally. With this, we will deliver affordable, accessible & sustainable mobility through our robust direct-to-consumer network and further accelerate India's EV adoption to #EndICEAge!”
Following the announcement, Ola Electric’s shares rose by 6.85% to Rs 93.41 on the Bombay Stock Exchange (BSE), indicating strong market confidence in the company’s growth trajectory.
Ola Electric’s ambitious plan includes the addition of over 3,200 outlets to its existing 800-store network, ensuring a presence in every Indian city, town, and rural area. This massive expansion will position Ola Electric as the largest EV distributor in the country.
“The future of EVs is here—closer, faster, and more accessible than ever before!” Aggarwal announced proudly in the video he shared across social media platforms.
Notably, Ola Electric's ambitious plan includes the introduction of new scooter models such as the Ola Gig, Gig+, S1 Z, and S1 Z+, priced from Rs 39,999.
These models are designed to cater to the diverse needs of urban, semi-urban, and rural users, with features like durable designs, removable batteries, and flexible options for users. Deliveries for these scooters are set to commence in April and May 2025, with bookings currently open for Rs 499.
Ola Electric initiatives
Moreover, Ola Electric has launched several initiatives to accelerate EV adoption, particularly in underserved regions.
The HyperService Initiative ensures complete service coverage, including remote areas, while the Network Partner Program aims to onboard 10,000 partners for sales and service by 2025.
The EV Service Training Program plans to train one lakh mechanics nationwide, equipping them with specialized EV service skills.
CEO confident to dub "year of products" for Ola Electric
Ola Electric chief executive officer Bhavish Aggarwal has expressed his commitment to expanding the company's product portfolio across multiple categories. With plans to launch products such as motorcycles, three-wheelers, and electric scooters, Aggarwal has dubbed 2025 as the "year of products" for Ola Electric.
At Network18's Green Bharat Summit on December 13, Bhavish Aggarwal shared the company’s readiness to launch a string of products to expand its portfolio across multiple categories such as motorcycles, three-wheelers, and electric scooters, proclaiming 2025 the “year of products”.
"The next year is going to be the year of product for Ola Electric. So, this whole year, we've been focused on consolidating our operations, making them more efficient, and also engineering the product behind the scenes. Next year, you will see, in 12 months, we will launch maybe one product a month," Aggarwal said.
Also read: “HR Will Be Having a Conversation:" Ola CEO Gives Warning to Employees (startuppedia.in)
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