Want to Ride Ola Cycle, You Can Get a Chance This Year

New Delhi: Last year, the ola electric S1 and S1 Pro Electric scooter was launched in the country. Ola Electric emerged as one of the country's most talked-about electric scooter brands in 2021 and will be seen with a large range of scooters in the new year, but moreover, Ola may also be working on a new electric bicycle, which has been hinted at by the company's CEO Bhavish Agarwal on Twitter.

Ola Cycle Ride:

Bhavish Agarwal recently posted a picture of his new bicycle on Twitter. 'In this new year, decided to rekindle an old passion,' he wrote in the caption with three photos. '

It showed an old picture of him from 2006 in which he is seen with a bicycle. The second was in 2010, but more attention was paid to the 2022 bicycle and immediately surprised many.

Although it seems to be a normal Twitter post, the post surprised people when one user asked if Ola could work on an electric bicycle in its future. In response, Bhavish Agarwal wrote, "Hmm, maybe we will. Cycling is such a good lifestyle option!"

The answer made thousands wonder if Ola Electric could also offer electric bicycles. Ola is currently busy delivering booked electric scooters to its customers.

The delivery of Ola electric scooters was started on December 15. The direct-to-customer sales model has been used in place of the traditional route for delivery of these scooters, so the scooter will reach the owners' door directly. While the booking for the second batch was scheduled to start from November 1, the booking started from December 16, 2021.

Apart from electric scooters, Ola is also focusing on the sale of second-hand cars. The company has recently launched a new platform Ola Cars for the same.

It provides facilities like digital purchase and sale of cars as well as vehicle finance and insurance and registration of trains on purchase of trains from Ola Cars.

The company has sold more than 5,000 cars so far and is likely to expand soon. Ola's main ride-sharing business was in a slump, slowly returning to pre-pandemic levels. In the next months, the second wave of a pandemic would knock the upturn off track once more. Its income for FY21 fell by 63 percent to Rs 983 crore.

Around the same time, Ola Electric, Ola's EV company that was split out in 2019, began work on its two-wheeler facility.

In the first phase, the facility was expected to produce 2 million scooters per year, to produce 10 million by mid-2022. The government's continuation of the FAME-2 subsidy plan for another two years coincided with the EV foray.

However, supply chain concerns have hampered its goals. The firm was able to have the facility up and operating in a short amount of time.