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Ola Electrical to enter Nepal market by end-2022 | Autocar India

Written by Ravi Kapoor

The corporate says it plans to increase to Latin America, ASEAN international locations and Europe.

Ola Electrical has some main plans within the pipeline to increase its enterprise to international markets. By the top of 2022, Ola Electrical will start promoting its S1 and S1 Professional electrical scooters in Nepal, the place it has tied up with CG Motors for native distribution. The corporate additionally has plans to increase to Latin America, Southeast Asia and the European Union. 

Ola Electrical future enlargement plans: particulars

Bhavish Aggarwal, founder and CEO of Ola Electrical, took to social media to announce the corporate’s foray into main international markets beginning with Nepal subsequent quarter. “World’s EV transition can be led by India!” he mentioned.  

This transfer comes at a time when Ola scooters’ gross sales numbers have been faltering. In Could of this yr, Ola Electrical managed to register 9,249 scooters, which shrunk down to three,421 models by August. Earlier this week, Ola Electrical introduced plans to open up expertise centres throughout the nation, including that 20 such centres are already practical. 

In August, Ola introduced that its first electrical automobile will arrive in 2024, with a claimed vary of greater than 500km on a single cost.  

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Ravi Kapoor