Business News | Ola Electric Launches S1Z at Rs 79,999, Bets on In-house Bharat Cell to Drive Affordable EV Adoption
Get latest articles and stories on Business at LatestLY. Ola Electric Mobility on Friday launched its new electric scooter, S1Z, with promoter, Chairman and Managing Director Bhavish Aggarwal making the announcement on X, highlighting the company's in-house technology and locally manufactured battery cell as key differentiators. The company has introduced the S1Z at an introductory price of Rs 79,999, with deliveries scheduled to begin in December 2026.
New Delhi, [India] August 28 (ANI): Ola Electric Mobility on Friday launched its new electric scooter, S1Z, with promoter, Chairman and Managing Director Bhavish Aggarwal making the announcement on X, highlighting the company's in-house technology and locally manufactured battery cell as key differentiators. The company has introduced the S1Z at an introductory price of Rs 79,999, with deliveries scheduled to begin in December 2026.
Announcing the launch on X, Aggarwal said the company was setting a "new benchmark" for the industry with the S1Z, which comes with a 3.1 kWh battery option offering a claimed 179 km IDC range and a 5.1 kWh variant offering 301 km. Both versions have a top speed of 70 kmph, a 4 kW peak motor and use Ola's LFP cell technology.
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"More than just a metal body with a fancy name -- Introducing S1Z! 46160 LFP Bharat Cell. 301 km IDC range. Intro price of ₹79,999!" Aggarwal said. He added that while the industry has traditionally treated affordable scooters as stripped-down products with lower range and technology, Ola had taken the opposite approach by building the cell, motor, vehicle and software in-house.
As mentioned on the company's website, the entry-level S1Z is priced at Rs 79,999 and comes with a 3.1 kWh battery and 179 km IDC range. The S1Z Plus, priced at Rs 99,999, gets a larger 5.1 kWh battery and a claimed 301 km IDC range. Ola Electric said deliveries of the S1Z Plus will begin in March 2027.
The company is positioning the S1Z as a full electric-vehicle experience despite its affordable pricing, with both variants equipped with MoveOS 5. Features include over-the-air software updates, GPS tracking, ride statistics and geo- and time-fencing through the Ola app.
A key part of Ola's proposition is its locally developed LFP battery technology. The company said its Bharat Cell is designed, engineered and manufactured in India, with 426 patents covering its technology. Ola claims the LFP cells can extend battery life to more than 15 years and are designed to operate across temperatures ranging from -30°C to +70°C.
The cells are manufactured at Ola Electric's Gigafactory in India, reinforcing the company's focus on localising critical EV components. With the S1Z, Ola is seeking to combine a low entry price with higher range, connected features and locally manufactured battery technology as India's electric two-wheeler market expands.
Right after the company announced the launch of its new electric scooter, shares of Ola Electric Mobility cheered. As of 1219 IST, the stock rose around 4 per cent at Rs 39.10 on the National Stock Exchange. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)