Ola Electric to unveil Gen 3 electric scooter today

Ola Electric Mobility Ltd will be unveiling its third generation electric scooters on January 31, 2025, the company's founder Bhavish Aggarwal announced.

Published on: Jan 31, 2025, 10:59:33 IST

By HT News Desk

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Ola Electric Mobility Ltd will be unveiling its third generation electric scooters on January 31, 2025, the company's founder Bhavish Aggarwal announced.

Bhavish Aggarwal, CEO of Ola Cabs, and founder of Ola Electric, speaks during a press conference ahead of the company's IPO launch in Mumbai. (Reuters)

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"Bringing the 'Next Level' with @OlaElectric Gen 3 scooters! We've significantly surpassed Gen 2 products in every way -- much higher performance, more features, great design! And a surprise to change the industry all over again," he wrote in a post on X (Formerly Twitter).

The Bengaluru-based EV scooter maker expects the new platform to bring in around 20 per cent worth of margin savings, according to a report by news agency PTI which cited Aggarwal as having said in his second quarter call with analysts.

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"In terms of gross margin, we expect about a 20 point improvement as Gen 3 plays out over the next 12 months step-by-step," the report quoted him as saying.

He mentioned that for the Gen 3 upgrade, the company “doing rearchitecture of the electronics platform to lower the number of ECUs into smaller, largely a single board.”

"We're doing some very cool work on battery as a structure which takes away some layers of plastic," he added.

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The company also reworked the mechanicals and the way the fabrication of the vehicle happens in the factory to reduce the manufacturing cost.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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