Ola Electric slips to 4th place with 5,753 e-scooter registrations

Ola Electric fell to fourth place with the registrations of 5,753 electric scooters as of the evening of June 30, according to the VAHAN data, overtaken by its rivals Okinawa, Ampere, and Hero Electric. Hero Electric improved its position after two dismal months.

The Bhavish Aggarwal-founded start-up, which bla¬zed into the market with electric scooters and huge booking numbers as claimed by the company, has seen its rank in terms of registrations go down month after month. In April it was on top, the position it lost in May to Okinawa, and in June it has hit number four. Ola’s registration figures have fallen by 33 per cent on the last day of June compared to the last day of May.