Ola rolls out vision to make India the global epicenter for electric transformation

India, 2022: Ola Electric, India’s largest electric vehicles company, today rolled out its vision for India to be
the global epicenter of EV transformation. After kickstarting India’s EV revolution last year with the launch
of Ola S1 Pro scooters, Ola today unveiled its vision for making India a global EV hub.

Bhavish Aggarwal, Founder and CEO, Ola, said, “Over the last year EVs have been at the center of
transforming personal mobility. At Ola, we have been at the epicenter of this change, driving adoption,
increasing access and affordability. There is much to be achieved yet. Currently, less than 15% Indiansown a 2W or a 4W and with India poised for strong economic growth, the Indian automotive industry will witness demand for 20Mn 4Ws and 50Mn 2Ws each year.

We believe that India needs to become the global epicenter of the EV revolution and command 25% of the world’s automotive market. Today, at Ola we are taking Mission Electric to the next level by ensuring we have a roadmap to investment in technology, build scale and bring quality products that India deserves. As we build for India, we will also
be creating the EV paradigm for the rest of the world.”

Expanding 2W portfolio with all new Ola S1 To further accelerate EV penetration in the country, Ola has launched the all new Ola S1 scooter. With premium design, superior performance, best in class features and new age connected technology, Ola S1 is one of the most advanced scooters in its category.Equipped with a 3 KWh Lithium-ion battery pack, the Ola S1 gets an ARAI certified range of 141 kms, a true range of 101 kms on Normal Mode, 128 kms on Eco Mode, and 90 kms on Sports Mode.

The Ola S1 also comes with some most popular MoveOS features like Music Playback, Navigation, Companion App, and
Reverse Mode, nd its top speed of 95 Km/h makes it one of the fastest scooters in the segment.Availablein Porcelain White, Jet Black, Neo Mint, Coral Glam and Liquid Silver, the S1 has been launched at an
introductory price of ₹99,999.

The reservations for early access of the all new Ola S1 begins today, for ₹499 only. Customers who avail
early access will be able to make the final payment on 1st September, and for others, the full payment
window will open starting 2nd September. Customers can reserve their Ola S1 directly from the Ola app
and avail easy finance options offered by 5 finance partners or any offline banking or financial institution of
choice or even cash. With EMI starting at ₹2,999 and loan processing fee waiver, Ola S1 customers can
now easily access their much desired EV. The doorstep delivery for Ola S1 will begin 7th September
onwards, pan India.

Ola also plans to take its software to the next level by releasing MoveOS 3 to everyone this Diwali!
MoveOS 3 brings many exciting features like moods, digital key sharing, proximity unlock, improved regen,
documents on your scooter and many more.

The greenest EV ever Commemorating the occasion of India’s 75th Independence Day, Ola introduced the ‘Freedom Edition’ in Khaki Green Color in the Ola S1 Pro. Inspired with the spirit of Independence, this limited edition scooter
will come with special decals and will also have a unique seat cover. Priced at ₹1,49,000,Ola will commission only ‘1947’ units of this limited edition scooter. The ‘Freedom Edition’ can be purchased using
the Ola app.
India’s most ambitious 4W project Ola unveiled India’s most ambitious 4W project with the first public reveal of a car with the bestperformance, design, and technology ever built in India. Like with its first scooter, Ola’s debut four-wheeler
vehicle will be rich in features and specs, and will debut by summer of 2024. Ola’s new car will be one of
the fastest cars in India, that can go from 0-100 Km/h within 4 seconds and is being developed to have a
range of more than 500km/charge.
Designed to deliver a drag coefficient of less than 0.21, it will be the sportiest car ever built in India with an
all glass roof. The car will be equipped with one of the most advanced computers in a 4W, assisted driving
capabilities, keyless and handless doors amongst many other features etc. It will also have Ola’s very own
MoveOS software and car owners will be able to receive regular feature updates OTA through their
ownership span.Bringing together the largest community of EV Evangelists

Taking the spirit of Independence to the remotest parts of India, over 1000 Ola S1 Pro community members
joined 75 Km long ‘Freedom Rides’ across the country. One group of Ola S1 Pro community members
traversed through landscapes of Himachal Pradesh starting from Manali on 7th August to Khardung – La
through the Land of the mystic Lamas – Ladakh, across plains and rugged snow-capped mountains.
Watch Ola Electric CEO Bhavish Aggarwal talk about the company’s journey so far and lay out his vision for
the future of India and the word in this video.