Ola Electric has announced that it will increase the prices of S1 Pro e-scooters in the next purchase window.
The company is scheduled to launch its next purchase window on March 17-18, which coincides with the Holi festival.
Ola CEO Bhavish Aggarwal made the announcement of the price hike on his official Twitter handle. There is no mention of the exact range of the price increase.
“Thank you to everyone who has already bought S1 Pro and special thanks to those who bought their 2nd or 3rd S1 Pro. Last chance to get it for 129,999. We will increase the prices in the next window. This window ends at midnight 18th Buy now, only on the Ola app,” Aggarwal said in a tweet.
The EV maker also introduced a new color variant during the third sales phase. The new Gerua color is limited to this sale.
Ola S1 Pro is priced at Rs 1.29,999 and the Ola S1 is priced at Rs 99,999.
Ola Electric previously announced that it has raised more than $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others.
The latest round values the company at $5 billion.
Over the past 12 months, Ola Electric has built the Future factory, which now produces nearly 1,000 units of its S1 and S1 Pro electric scooters per day, Aggarwal said earlier.
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