Ola Electric announced Friday it was launching S1Z scooter range that utilizes its self-developed Bharat Cell LFP technology.
Ola, which is developing the 46 series LFP cell platform technology at its Battery Innovation Centre and manufacturing it at the Ola Gigafactory.
The S1Z is available in two variants, with the 3.1 kWh version priced at ₹79,999 and 5.1 kWh priced at ₹99,999 ex-showroom.
The company said 3.1 kWh variant would offer a range of up to 179 km, and the 5.1 kWh variant — of 301 km.
The S1Z will be offered in four colors: White, Anthracite, Sky Splash Blue, and Matcha Green, and features 12-inch wheels.
Deliveries for the 3.1 kWh variant are not set to begin until December, and those interested in the 5.1 kWh variant would have to wait until March next year.
The scooter, powered by MoveOS 5 is touted to have features such as cruise control, advanced regenerative braking, reverse mode, GPS, OTA software updates, geo/time/mode fencing, ride statistics, energy insights, and 'Easy Park.'
The Ola S1Z will be the first product range to be ramped up through Ola Electric's next phase of retail expansion via dealer-operated stores, the company said.
Ola shares traded 3.7% higher after the announcement to trade at ₹39.13. Meanwhile, shares of peer Ather Energy are skyrocketing mid-session on Hero Motocorp ($HEROMOTOCO) raising its stake in the electric 2-wheeler manufacturer.