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Home >Companies >People >Anand Mahindra on Ola electric scooter record bookings: Exciting to see courage and risk-taking being rewarded

Mahindra Group Chairman Anand Mahindra who regularly tweets on interesting topics has shared his views on record bookings on Ola's yet-to-be-launched electric scooter.

The business tycoon also had a special mention of Ola Chairman and Group CEO Bhavish Aggarwal and said that the more entrepreneurs that follow the lead of @bhash & show no fear of failure, it will be better for Indian innovation.

Anand Mahindra in a tweet posted today wrote,"No matter how this scooter ultimately fares, it is exciting to see courage & risk-taking being rewarded. The more entrepreneurs that follow the lead of @bhash & show no fear of failure, the more robust Indian innovation will become…"

Meanwhile, Ola Electric on Saturday said it has received around 1 lakh bookings for its upcoming scooter within the first 24 hours of initiating the process. The company had opened booking for its electric scooter in the evening of July 15.

Also Read: Ola e-scooter booking terms appeal, raising competitive heat for incumbents

"I am thrilled by the tremendous response from customers across India for our first electric vehicle. The unprecedented demand is a clear indicator of shifting consumer preferences to EVs. This is a huge step forward in our mission to transition the world to sustainable mobility," Ola Chairman and Group CEO Bhavish Aggarwal said in a statement.

Ola claims the electric scooter would be class leading in terms of speed, range, boot space as well as technology.

The company has stated that the model would be priced aggressively to make it widely accessible. Ola plans to reveal the features and price of the scooter in the coming days.

The scooter will be made-in-India for the world. It would be manufactured at the company's two-wheeler factory, being built in Tamil Nadu. The first phase of the Ola Futurefactory is nearing completion and will be operationalised soon, while the full capacity of 10 million vehicles per annum will be built by next year.

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