Vadodara, July 15, 2024: Ola Electric today announced the inauguration of its 600th service centre in Vadodara, Gujarat, as part of its effort to strengthen its service network across India and increase accessibility beyond Tier 1 cities. Earlier this year the company announced its plan to expand its service network to 600 centres, and has now delivered on that promise.

The newly inaugurated service centre in Vadodara is the largest in the state of Gujarat. To celebrate this milestone the company organised an all day free scooter health check-up for all Ola S1 owners. There are now 44 Ola Electric Service Centres in Gujarat, significantly improving the after-sales & service experience of the customers.

Commenting on the 600th service centre inauguration milestone, an Ola spokesperson said, “With the inauguration of our service centre in Vadodara, Gujarat, we have delivered on the promise of expanding the service network from 400 to 600. At Ola, customer satisfaction and seamless ownership experience are our top priorities and every new service centre we open is a testament of our commitment towards our customer centricity. ”

Disclaimer:

OLA ELECTRIC MOBILITY LIMITED (“Company”) is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offering of its equity shares and has filed a draft red herring prospectus dated December 22, 2023 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the websites of SEBI at www.sebi.gov.in, stock exchanges i.e., BSE at www.bseindia.com and NSE at www.nseindia.com, respectively and is also available on the website of our Company at www.olaelectric.com and websites of the book running lead managers, i.e. Kotak Mahindra Capital Company Limited , Citigroup Global Markets India Private Limited , BofA Securities India Limited, Goldman Sachs (India) Securities Private Limited Axis Capital Limited, ICICI Securities Limited , SBI Capital Markets Limited  and BOB Capital Markets Limited, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see the section titled “Risk Factors” on page 28 of the DRHP. Potential investors should not rely on the DRHP filed with SEBI in making any investment decision.

 The equity shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction. The equity shares have not been and will not be registered under the US Securities Act of 1933 (“U.S. Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable United States state securities laws.