Ola Electric Sells Over 27,000 Units In March, Captures 30% Market Share

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Ola Electric Sells Over 27,000 Units In March, Captures 30% Market Share

Also read :Ola Electric Sets Record With Over 2.65 Lakhs Registrations For EVs

Also read :Ola Electric Eyes First EV IPO, Targets ₹5,500 Crore Fundraise

Ola Electric, the electric vehicle (EV) arm of ride-hailing giant Ola, has made a strong start in the Indian EV market. The company has announced that it sold over 27,000 units of its flagship electric scooter in March 2022, capturing a 30% market share in just one month.

This is a remarkable achievement for the Bengaluru-based start-up, which launched its first electric scooter just six months ago. The Ola electric scooter has been well-received by customers for its affordable pricing, long-range, and sleek design. The company claims that its electric scooter can travel up to 100 km on a single charge and can be charged up to 50% in just 18 minutes.

Also read :Ola Electric Sells Over 27,000 Units In March, Captures 30% Market Share

Ola Electric has also been aggressively expanding its charging infrastructure across the country. The company has already set up more than 200,000 charging points in over 400 cities and plans to set up 1 million charging points by 2023. This move is aimed at addressing the biggest challenge in the adoption of EVs in India - the lack of charging infrastructure.

With its strong focus on affordability and convenience, Ola Electric is poised to disrupt the Indian EV market. The company has already received more than 100,000 pre-bookings for its electric scooter and is planning to launch more electric vehicles in the coming months.

Also read :Ola Electric Sets Record With Over 2.65 Lakhs Registrations For EVs

The Indian government has set a target of achieving 30% electric mobility by 2030, and Ola Electric is well-positioned to play a key role in achieving this goal. The company's success in capturing a 30% market share in just one month shows that Indian consumers are ready to embrace electric mobility, and Ola Electric is providing them with the right products and services to make the transition to electric vehicles seamless and hassle-free.

In conclusion, Ola Electric's success in selling over 27,000 units of its electric scooter in March 2022, capturing a 30% market share, is a testament to the company's strong focus on affordability, convenience, and sustainability. With its aggressive expansion plans for charging infrastructure and the launch of more electric vehicles, Ola Electric is well-positioned to disrupt the Indian EV market and accelerate the adoption of electric mobility in the country.

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