Ola Electric is ramping up manufacturing of its e-scooters and is parallelly increasing capability at its manufacturing unit in Krishnagiri in Tamil Nadu to fulfill future demand, firm Founder and CEO Bhavish Aggarwal stated on Saturday. The corporate, which launched its new S1 Air electrical scooter at an introductory value of Rs 79,999, stated it will additionally make a foray into electrical bikes by subsequent yr.

“We have now offered upwards of a lakh items now (because the firm made a foray into the electrical two-wheeler area final yr in August). Now, we now have very vital momentum behind us. We’re already producing greater than 1,000 a day now on the future manufacturing unit. We will likely be scaling it up considerably past that,” he stated in a digital press convention.

Aggarwal additional stated, “We really feel that within the subsequent six to eight months we’ll exhaust the (present) put in capability and we’re additionally in parallel increasing our capability sooner or later manufacturing unit.”

He was responding to a question on what number of electrical scooters has the corporate offered up to now and by when it expects to completely utilise the preliminary put in capability at its manufacturing unit.

The corporate has a present capability of 20 lakh items each year at its manufacturing unit. When absolutely accomplished, Ola Electrical has said that its manufacturing facility can have a capability to provide 1 crore electrical two-wheelers yearly.

When requested in regards to the investments for additional increasing manufacturing capability, he declined to remark.

On the corporate’s future product plans, together with electrical bikes, Aggarwal stated,”We’re engaged on some very thrilling ideas. Subsequent yr, we will certainly launch…”I am personally very excited in regards to the motorcycle phase and you will notice some very main promise subsequent yr on that.”

He stated Ola Electrical’s product improvement momentum is barely growing as its platform, software program, go-to-market and all of the core foundational pillars of the business stabilise.

On the brand new S1 Air electrical scooter, he stated the corporate could be very assured in regards to the product contemplating its specs and value level of the automobile, which is corresponding to a standard engine scooter. It has been constructed on the identical platform as the corporate’s current mannequin S1.

With the present two fashions, it might speed up Ola Electrical’s general gross sales, he added. The S1 Air is powered by a 2.5KWh battery pack and has a 4.5KW hub motor. It weighs 99 kg and has a top-speed of 85Km/hr.

It may speed up 0-40 kmph in 4.3 seconds, the corporate claimed.

The corporate, which in August final yr made a foray into the inexperienced mobility area with the launch of its electrical scooters, S1 and S1 Professional priced at Rs 99,999 and Rs 1,29,999, respectively, had postponed supply timelines for its a lot anticipated merchandise citing world semiconductor scarcity concern.

The corporate, after opening reservations at Rs 499 in July final yr for S1 Professional and and S1, began on-line buy course of in September 2021 and initially deliberate to start out deliveries in October however was later pushed to November after which once more to the second half of December final yr.

In January this yr, the corporate had communicated to prospects that it might prioritise manufacturing of the S1 Professional mannequin and and S1 manufacturing has been shifted to late 2022 with Aggarwal stating that it was upgrading all of its S1 prospects to S1 Professional {hardware}.

Later, in September it resumed gross sales of the S1. Other than delays in deliveries, cases of the corporate’s electrical scooter catching fireplace led to client disquiet. In April this yr, Ola Electrical had recalled 1,441 items of its electrical two-wheelers after a hearth incident.

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The corporate’s ‘Made-in-India’ smart-rugged electrical scooters come together with clever swappable batteries, an automatic battery swapping community, and fleet administration instruments. They had been launched on the Indian Institute of Know-how, Delhi on Wednesday.