IS Ola Electric started to follow the path of Freedom 251 scam?

Everyone knows the credibility and capability of Ola. It is just necessary that some learning is taken and mistakes should not be repeated.

If sources are to be believed, nowadays Ola Electric is being equated with the Freedom 251 scandal. So let's see what is happening after all. To understand the matter in detail, it is necessary to understand the Freedom 251 scam.

Full Details of Freedom 251The Scam Freedom 251 is an extremely cheap handset that comes with a lot of features and specifications. In the market, this phone would cost more than Rs 4000, but this one is selling for just 251 rupees, including delivery charges. Despite these high prices, the company is still selling the device, which may be a scam. Read on to find out how to avoid this scam and make sure you are getting the best deal on the phone.

he underlying scam involves the phony marketing campaign of the Freedom 251 smartphone. The company behind it, Ringing Bells private limited, advertised the Freedom 25,1 smartphone for Rs 251, which was not delivered to most consumers. The company was arrested and accused of extortion, which makes it a complete scam. However, the phone's Founder Mohit Goel denied the accusations, which prompted several reports about the Scam.

The man behind the Freedom 251 scam is Mohit Goel. He has launched a company called Ringing Bells Private limited and is the man behind the handset. While the company is not registered under the Bureau of Indian Standards, the company is not authorized to sell its products in the country. Also, the website of the company does not list its address. The copywriting is also shady and amateurish. While this phone is not a scam, it is not a good idea to invest in it.

In the Scam Freedom 251 smartphone, people across India were duped by a fake online company. The Ringing Bell company, which was based in Noida, had promised to sell smartphones for just 251 INR five years ago. But when people tried to book a phone, the website crashed. The company's site has since been suspended, but the sales of the phones have been stopped. This fraud is a fraud, but it can happen to anyone.

So this was the story of Freedom 251 scam. Now let's see what is the matter of Ola Electrics.
Interested In Tesla Cybertruck

Ola Electric's Scooter Launch

Bhavish Aggarwal, Founder, Ola Electric, made a big announcement on 15th August that the advance booking of Ola Electrics 2 bikes S1 and S1-Pro will start from 8th September 2021, which you can book for just Rs.500/-. Will be able You will also get the delivery of Ola scooter very soon. But due to some unnecessary reasons the unit is not able to start and it is said that booking will start from 15th September 2021 and you will get the delivery by 15th October 2021.

If OLA Electrics is to be believed, then on October 15, the key of the scooter will be in your hands. But did it happen?, No people got just a date and where did they go that they will get delivery by Diwali. But even at the time of Diwali, they get a date. People are told that now they will get their scooter by 15th November 2021.

But even at the time of Diwali, they get a date. People are told that now they will get their scooter by 15th November. But unfortunately they get another date again 15 December 2021. Due to all these reasons, Ola Electric is now getting the similarity from Freedom 251 where deposit was taken for mobile but delivery could not be done.

Now let's see if Ola Electric really following the path of Freedom 251. Now let's get ready with popcorns. And know what is the truth.

Point to Point - Ola Scooter Launch

When Bhavesh Agarwal launched S1 and S1 Pro, everyone was surprised. Because the features of this scooter were very good.

The booking had reached 100K within 24 hour of the start of booking. And soon the bookings reached million.

Scooters worth about 1100 crores of the company were already booked.

This is quite looking fantastic and awesome. But if the source is to be believed, some executives of the company were already aware that the delivery was about to get delayed.

But the question is, how did those executives know this in advance? So before knowing the answer it will be necessary to understand something in Ola.

Ola and Ola Electric have been raising funding on funding for many consecutive years.
The valuation of the company is also increasing very fast.

Ola Electronic 2 years ago I became a Unicorn. That is, the valuation of the company has exceeded 1 billion dollars i.e. 7000 Crores.

Recently the valuation of the company has become more than 35000 crores meaning 5 billion.

Along with funding comes the pressure of execution. So was Ola Electric ready for this pressure? Some understand from the below point.

Are the company's scooters ready at the ground level? - NO

Have the vehicle sales started? - NO

Has the revenue started coming? - NO

So for this reason the pressure on the company kept increasing and people were given unrealistic targets.

If a report in Morning Contact is to be believed, many executives said that they were given very unusual targets. The salary of many executives was increased and the people who were given targets were fired from the company. Also some people had to lie and take the project forward. As it is understood that Ola could not make the product on time because it was not possible.

One Ex. The executive even said in frustration that "Bhavish is the person who want child in one month by getting nine women pregnant."

The company's name was already in the market, due to which they also got good response from the people on product but the company could not deliver the product on time. The reason for this failure is believed to be the management of the company.

There is a rule of marketing that "Promise work but give more performance."
But here the company has completely reversed it. Marketing was done very well but delivery was not reduced but did not start at all.

With all these things, the question is being raised whether Ola is also walking on the path of Freedom 251.

But if seen, the chances of this happening here are very less because Ola is a well branded and very well funded company. You will definitely get the delivery of scooter in the coming time, but now anytime the company will bring its new product in the market, its impact will definitely be seen on its booking.

Learning & Ending

Whenever a new company comes in the market, do not rush to book its product. There was a scam of crores in Freedom 251 and there has been delay in delivery here too. So you must check the track record of any company. What is the waiting period of its delivery, you must also check it. Because the advance booking money is yours and if there is a problem in the delivery, then you will have to worry about the refund as well.