Ola Electric and Aggarwal had announced on Wednesday night that the company was selling four units of its e-scooters every second since the purchase window was opened. Aggarwal had further added that, the units could soon be sold out.

On Thursday, Aggarwal in a blog post highlighted how the single-day sales volumes, in value terms, were more than what the entire 2W industry sells in a day.’

Ola Electric has managed to generate a big buzz around its debut product and has been underlining its range, features, performance and other specifications.

The Ola SI has price of Rs 1 lakh while the more capable SI Pro is priced at Rs 1.30 lakh. These prices are ex-showroom and will vary from state to state depending on subsidies on offer.

The Ola SI has a stated range of round 120 kms while the SI Pro has a range of around 180 Kms. There also are other differences between the two trims like more colour options available on the SI Pro – 10 in all, higher top speed of 115 kmph and a bigger battery pack.

Ola Electric is following a direct- to- home sales model and has no physical stores. Test rides and deliveries of units are scheduled to start from October and Ola Electric has also tied up with a number of financial institutions to offer loans and EMIs. The company further states that the booking amount and any advance paid refundable till the time is shipped from its factory in Tamil Nadu to a customer’s address.

Ola Electric this week commenced the pre-booking for its upcoming e-scooters at Rs 499. The company received 1 lakh bookings in 24 bookings in 24 hours, it announced.

Congratulating Ola Electric head Bhavish Aggarwal, Mahindra said on Twitter. “No matter how this scooter ultimately fares, it is exciting to see courage & taking being rewarded. The more entrepreneurs that follow the lead of @bhash & show no fear of failure, the more robust Indian innovation will become…”

Ola Electric hasn’t revealed technical specifications of its scooters but they expected to offer features like an app-based start-up system, a large TFT display showcasing information like calls and SMS alerts, navigation, ride statics, and others.

Pre-launch bookings have commenced and the Ola Electric scooter is expected to be rolled out by the end of July or August. It will rival the likes of the Bajaj Chetak, Ather 450X, and TVS iQube Electric.

The Ola electric scooter would be manufactured at the 500 acre facility in Tamil Nadu. The facility is targeted to produce 10 million units per annum.