On this Sunday electric vehicle manufacturer, Ola has unveiled its much-awaited electric scooter. Ola electric scooter has been launched at starting price of Rs. 99,999. It is launched with 2 variants S1 and S1 pro.

Ola electric scooter comes at starting price of Rs 99,999, which includes FAME II subsidies but omits state-level subsidies, and going up to Rs 1,29,999 for the Pro variant. Ola said buyers can purchase the vehicles from September 8 and the deliveries will start in October across 1,000 cities and towns in India.

Currently, Ola has its manufacturing plant in Krishnagiri Tamil Nadu. The company said very soon it will have the capacity of 1 million vehicles. The company said soon it will be able to fulfill pre-orders for its electric scooter models over the next few months. In the first 24 hours, Ola received over one lakh pre-bookings.

“The S1 and S1 Pro are industry-leading products with best in class range, speed, and cost,” said Bhavish Aggarwal, founder, and CEO at Ola. “We have seen demand for this vehicle from everywhere, and obviously from the bigger cities as well, as scooters are an urban mobility product.”

Ola S1 Pro comes with a 3.97 kilowatt-hour (KwH) battery pack that is rated for a range of 181 kilometers and will have a top speed of 115 kilometers per hour. While Aggarwal said buyers can expect 85% of that range in real-world conditions, he added that this was still twice as much as what competitors in the market were offering today. Ola S1 gets a smaller 2.98 kWh battery pack, that will give the S1 a range of 121 kilometers, while its top speed will be restricted to 90 km/h.

Ola will also provide an at-home service network in every city where it sells its EVs and also claim that buyers can expect a 40% lower total cost of ownership for its EVs as compared to petrol-powered scooters on the market today.

The company’s scooters will also come with some futuristic features such as different modes and profiles for different riders, keyless lock/unlock, and will even allow riders to set moods that will change the sound and display graphics. Both models will also get a reverse mode and hill-hold assist.

“Only around 160 million people in India today own a two-wheeler and that will increase significantly. While we need our people to own mobility solutions, we can’t let that be petrol vehicles. The only way out is to accelerate this electric journey and that’s the vision which we started Ola Electric with,” said Aggarwal.

Aggarwal, who has also taken on giants such as Tesla and Hyundai on their ask from the Indian government to reduce import duties on EVs, saying that this would hurt the development of India’s own EV manufacturing plans, also said that India should plan to switch to 100% EV two-wheelers by 2025 with the country having the ability to capture 50% of the global two-wheeler demand by that time.

He added that the “market is ready, the consumer is ready, it’s just that the companies are not ready” when it comes to offering EVs and Ola was looking to accelerate that through its launch of globally competitive products in the sector. He also said that Ola would make profits sooner than everyone expects it to from its EV manufacturing business.