Ola Electric Starts ‘Hyperdelivery’, Customers to Get Electric Scooter with Registration in Few Hours

Ola Electric, one of the large electric two-wheeler companies, has announced to start a hyper delivery for its vehicles. In this, customers will be delivered with vehicle registration within hours of purchasing electric scooters online or at the company’s store. Recently, the company formed a team to handle the process of registration of its vehicles. Ola Electric told the stock exchange in a filing that the company has decided to handle the process of its vehicle registration itself as well as using Artificial Intelligence (AI) for automation. This has made it much easier from purchasing of the company’s vehicles to delivery. Ola Electric has started the trial of Hyper delivery in Bengaluru and will soon be expanded across the country.

Recently, the company had reported that its unit Ola Electric Technologies have resolved the case of the outstanding amount with its former vehicle registration service provider Rosmerta by mutual consent. Regarding this outstanding amount, Rosmerta filed a petition against Ola Electric Technologies to initiate insolvency proceedings. Ola Electric had reported that Ola Electric Technologies have settled with mutual consent by Ola Electric Technologies. Rosmerta has filed a memo to withdraw petitions related to insolvency from the National Company Law Tribunal (NCLT), Bengaluru. Ola Electric said that he is committed to maintaining strong business relations and timely disposal of any commercial disputes.

In March, Ola Electric sales declined by 56 percent. Last month, Ola Electric sales was around 23,430 units. This is a 56 percent decline in sales on year-on-year basis. Ola Electric has been facing difficulties for the last several months. In February, the government has sought information from Ola Electric for not matching the sale and registration data of the company’s vehicles. The company had said that in February it was sold around 25,000 vehicles. However, only about 8,600 registrations of the company’s vehicles were seen on a government portal. Ola Electric had said that this is a matter of temporary pending of registration of vehicles.