Ola Electric Scooter Will Enjoy A Subsidy Of ₹50000+ Under FAME II Scheme

In Electric Mobility, Clean News, News, Products
ola electric

Ola Electric is gearing up for the launch of its maiden electric scooter – rumored to be named the Ola Series S – in the month of August.

The e-scooter is based on the Appscooter developed by Dutch startup Etergo, which was acquired by Ola Electric in 2020. The Ola Electric scooter has the same banana-shaped batteries as seen on the Appscooter; only here, they are fixed, and not removable.

The top-spec Ola e-scooter – expected to be named the Ola S1 Pro – will have a battery capacity of close to 3.6 kWh; among the highest capacities for any electric two-wheeler on sale in India today.

ola electric scooter

In June, the Center revised the FAME-II scheme, increasing the electric two-wheeler incentive to Rs 15,000 per kWh (up from the erstwhile Rs 10,000) and doubling the subsidy limit to 40 percent of the two-wheeler’s price.

That means any e-two-wheeler with an ex-factory price of up to Rs 1.50 lakh can be eligible for a maximum FAME-II subsidy of Rs 60,000, if it has a 4 kWh battery. Given its capacity, the Ola electric S1 Pro is likely to be eligible for a FAME-II incentive of around Rs 51,000-52,000.

To sum up this is what we know so far… the scooter will be sold online directly to buyers and delivered to their homes, and it will have fixed batteries and an expected range of up to 150 kilometres on a full charge plus it will also be eligible for a significant subsidy, upwards of Rs 50,000, under the Center’s FAME-II scheme.

Reference- Auto Car India, Ola Electric website, HT Auto, First Post, CarToq

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