Ola Electric Mobility Limited — Updates, 27-12-2024: Press Release

Ola Electric's ‘Ola Reverse 2024’ report details impressive milestones for India’s EV landscape, revealing total savings of ₹1,300 crore in fuel costs achieved by over 8 lakh Ola S1 users. Collectively, these users traveled 5.5 billion kilometers, avoiding an estimated 1.6 lakh tonnes of CO2 emissions. Bengaluru stood out with a record of 22.6 million rides, solidifying its status as the nation's EV capital, while Bhubaneswar excelled in daily commute distances. The year marked a significant expansion of Ola's distribution network, growing to 4,000 stores, enhancing access for consumers across India. Additionally, the launch of the Gig and S1 Z scooter range with prices starting from ₹39,999 aims to cater to various market segments, with deliveries expected in mid-2025. This robust performance indicates a positive outlook for Ola Electric as it leads the EV adoption drive in the country.