Address

• Muthoot Capital Services Ltd. 3rd Floor, Muthoot Towers M.G. Road, Kochi - 682035 Kerala, India
• CIN: L67120KL1994PLC007726
• GST Number: 32AADCM1805H1ZZ

Below are the specifications of the Ola S1.

2. TVS iQube Electric

TVS is a popular brand in the two-wheeler industry, established in 1978 with its headquarters located in Chennai. The TVS iQube Electric takes that tradition forward and is one of the strongest contenders in the market for the best electric scooter under ₹1 lakh now.

Below are the specifications of the TVS iQube Electric.

3. Hero Electric Photon

For traditionalists, there is this electric scooter featuring classic styling with sleek and attractive curves, an LED headlamp and alloy wheels. It was launched in 2014 and remains one of the best electric scooters under ₹1 lakh in India.

Below are the specifications of the Hero Electric Photon.

4. Okinawa Ridge Plus

Okinawa Autotech, which ranked second to Hero Electric's market share last year. Okinawa Autotech has started FY2023 on a bright note. The company is already in the top position in just four months, with 35,386 scooters delivered to customers.

The Ridge Plus is are electric scooter for the future. It looks super stylish and cool, its presence easily turns heads when you ride through the road. At just the shortest charging time (the shortest amongst the other entries in this article), it can consider its place healthy as one of the best electric scooters under 1 lakh.

Below are the specifications of the Okinawa Ridge Plus:

Okinawa Autotech, founded in 2015, is a relatively young company, yet its electric scooters have quickly gained attention in the market for their innovative design and competitive pricing.

5. Bounce Infinity E1

Rounding off this list of best electric scooters under ₹1 lakh is the Bounce Infinity E1. The Bounce Infinity E1 was unveiled last year by Bangalore-based bike rental startup Bounce and finally began deliveries this April. The company has also decided to set up a new second manufacturing facility in South India with an annual capacity of 5,00,000 units.

Bounce is notable on this roster for its unusual option of ‘Battery as a Service’ (BaaS). It is the first electric scooter manufacturer in India to offer this model. Buyers will have the option to purchase the scooter for a starting price of ₹45,099 (excluding battery and charger) with subscription plans available on a per-month basis. This method also decreases the initial payment, making it a more economical choice.

Below are the specifications of the Bounce Infinity E1:

6. Hero Electric Optima

The Hero Electric Optima is a budget-friendly e-scooter featuring a 1.2 kW BLDC motor and a 2 kWh battery, delivering a range of approximately 70 km on a full charge. It takes about 4.5 hours to fully charge and has a top speed of 25 km/h, making it ideal for city commutes.

Below are the specifications of the Hero Electric Optima:

7. Yulu Wynn

Designed for urban mobility, the Yulu Wynn is equipped with a 250 W BLDC motor and a 0.98 kWh battery, offering a range of up to 68 km per charge. It has a top speed of 25 km/h and features a keyless experience for added convenience.

Below are the specifications of the Yulu Wynn:

8. Avon e Scoot

The Avon e Scoot comes with a 250 W BLDC motor and a 1.15 kWh lead-acid battery, providing a range of 65 km on a full charge. It takes approximately 7-8 hours to charge fully and reaches a top speed of 24 km/h. Priced at ₹98,190, this scooter is suitable for daily errands and short commutes.

Below are the specifications of the Avon e-Scooter:

9. Ola S1 X Gen 2

Ola’s S1 X Gen 2 is an affordable electric scooter that maintains strong performance. It features Ola’s latest Gen 2 platform and a lightweight yet robust tubular frame, providing improved stability and a comfortable riding experience.

The 2 kWh battery variant is priced at ₹69,999 and delivers a practical range of up to 95 km. What sets it apart is its 6 kW hub motor, allowing it to reach 85 km/h, making it one of the quickest e-scooters in its price bracket.

Below are the specifications of the Ola S1 X Gen 2:

10. Ather Ritza

Ather’s Rizta is designed with everyday practicality in mind. It prioritises comfort, space, and utility, making it an ideal family-friendly e-scooter. It features a 4.3 kW PMSM motor, a wide, well-cushioned seat, and one of the largest under-seat storage capacities in the segment.

The 123 km range ensures you won’t have to charge frequently, while its 80 km/h top speed allows for quick getaways.

Below are the specifications of the Ather Ritza:

How to Choose an Electric Scooter Under ₹1 Lakh

Choosing an electric scooter depends on individual commuting patterns:

• Range: 70–100 km scooters suit urban travel.
• Battery type: Lithium-ion batteries last 3–5 years and charge faster than lead-acid ones.
• Charging: Look for models with detachable or fast-charge options.
• Warranty & Service: Select brands offers at least 3-year battery support and wide service availability.
• Safety: Ensure features like regenerative braking, side-stand indicator, and LED lighting.
• Resale & subsidies: Check FAME II eligibility and local EV incentives to save up to ₹20,000 on-road.

Why Muthoot Capital?

Muthoot Capital provides vehicle financing designed to make your purchase simple and manageable. With flexible repayment tenors, fast approval processes, and minimal documentation, our team supports you every step of the way.

You can explore available plans through our 2 wheeler loan section, check your eligibility via loan eligibility checker, and connect with advisors. Use our EMI calculator to plan your EMIs accurately before applying.

Benefits of Choosing Muthoot Capital

• Quick decision-making and fast disbursal
• Competitive interest rates tailored for consumer vehicle loans
• Simplified documentation and customer-centric support
• Cross-sell/loyalty opportunities: existing Muthoot customers may access preferential terms
• Coaching and guidance on loan planning and pre-approval.

Final thoughts

Muthoot Capital makes financing your electric scooter simple and convenient. With flexible repayment tenors, fast approvals, and minimal documentation, you can plan your purchase with confidence.

Explore available plans through the 2 wheeler Loans page, check your eligibility on the Loan Eligibility page, calculate EMIs using the EMI Calculator, or connect with our advisors through the Contact page to take the next step toward your eco-friendly ride.