Ola Electric founder Bhavish Aggarwal unveiled the company’s Gen 3 electric scooters on Friday, showcasing improved efficiency and power, including a dual anti-lock braking system (ABS) and patented brake-by-wire technology, boosting energy recovery by 15%. 

The Gen 3 models range from Rs 79,999 for the S1X (2kWh variant) to Rs 1,69,999 for the S1 Pro+ with a 5.3kWh battery and 320 km range. 

Aggarwal highlighted the generational change in the product architecture and noted Ola Electric’s 25% market share, reclaiming its leadership position.

Bookings for the Gen 3 models are open, with deliveries set to begin within seven days. Gen 2 models remain available with discounts up to Rs 35,000. 

The company also announced the MoveOS 5 beta rollout in mid-February, featuring a smartwatch app, smart park, road trip mode, live location sharing, and emergency SOS.

In response to customer complaints, Ola Electric expanded its store and service centre network from 800 to 4,000. 

The company is under investigation by the Central Consumer Protection Authority (CCPA) for consumer rights violations and misleading ads.

Ola Electric also experienced recent top-level exits, including the resignations of its chief technology and marketing officers. 

Aggarwal revealed plans to launch 20 new products in the next two years. Following the announcement, Ola Electric shares surged 11.77%, trading at Rs 74.72 on BSE.

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