According to the latest tweet by Ola Electric Founder Bhavish Aggarwal Ola Electric is set to launch a new product on 1st April 2024. Reports suggest that the company has been diligently working on an E-auto rickshaw named “Raahi. So, could this new launch product be the E- autorickshaw or E-bike? Well, time will reveal the actual product launch. But, for now, let’s take a short look at all the information we have about the upcoming products.
Raahi: Ola Electric’s Venture into Commercial Mobility
The forthcoming electric autorickshaw, possibly named “Raahi,” signifies Ola Electric’s strategic expansion into the commercial vehicle sector. Reflecting the company’s commitment to diversifying its product lineup and bolstering investor interest ahead of its impending initial public offering (IPO), the development of Raahi underscores Ola Electric’s ambitious growth trajectory. To raise substantial capital, Ola Electric’s IPO filing in December seeks to mobilize funds of up to Rs 5,500 crore through a fresh issue, complemented by the sale of 95.2 million shares by existing stakeholders. This strategic move emphasizes Ola Electric’s determination to fortify its market presence and capitalize on emerging opportunities in the electric mobility landscape.
Aggarwal’s Vision for Ola Electric’s Expansion
Under the visionary leadership of Bhavish Aggarwal, Ola Electric is poised to revolutionize the electric vehicle landscape yet again. Renowned for his innovative approach, Aggarwal aims to deliver competitive pricing and flawless execution in the electric three-wheeler (3W) sector. Building on the company’s success in the electric two-wheeler (2W) market, Ola Electric is now primed to extend its influence to the 3W segment, signaling a transformative shift in urban mobility.
Ola Electric is also in the works to launch its electric bikes The company has been actively developing four bike models: Ola Roadster, Ola Cruiser, Ola Adventure, and Ola Diamondhead. Among these, the Ola Roadster is rumored to be the first one to hit the market. It’s possible that Ola Electric might unveil one of its electric bikes during the upcoming launch event on April 1, 2024.
