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Ola Electric is gearing up to broaden its product portfolio by venturing into the electric autorickshaw and e-bike segments. The company, known for its innovative approach to sustainable mobility solutions, has finalized plans to introduce an electric autorickshaw, reportedly named Raahi, along with its highly anticipated e-bikes Roadster and one more by most probably next week.  With the imminent launch of these new vehicles, Ola Electric aims to further establish itself as a key player in the electric three-wheeler and biking segments, catering to the evolving needs of maximum commuters while promoting eco-friendly transportation alternatives. 

Ola Electric has firmly established itself as a frontrunner in the electric vehicle sector, renowned for its innovative offerings such as the Ola S1 Pro, S1X, S1X+, and S1 Air electric scooters. As the company gears up for its highly anticipated IPO, it continues to set new milestones with its upcoming launches. With the launch of its electric autorickshaw and e-bikes, Ola Electric is poised to further solidify its position in the market and capture a significant share of the burgeoning electric vehicle segment.

So, let’s  delve into some quick key details of the upcoming e-autorickshaw and e-bikes by Ola Electric: 

Product Development and Competitive Environment

The upcoming electric autorickshaw represents the result of Ola Electric’s recent efforts to expand its product range and enter the commercial vehicle market. The development of Raahi is part of a broader strategy leading up to Ola Electric’s anticipated initial public offering (IPO), aligning with its goal to raise funds and enhance its market presence.

Pre-IPO Strategic Moves

Raahi, meaning “traveler” in Hindi, reflects Ola Electric’s strategic direction ahead of its impending IPO. The decision to unveil Raahi is in line with the company’s broader objective of diversifying its product portfolio and attracting investor interest. With the filing of a draft red herring prospectus (DRHP) in December of the previous year, Ola Electric aims to raise significant capital, potentially up to Rs 5,500 crore, through a fresh issue. This capital injection, along with an offer to sell 95.2 million shares by existing investors, underscores the company’s commitment to driving growth and expansion.

With Bhavish Aggarwal steering the ship, Ola Electric is set to shake up the electric vehicle scene once more. Known for his innovative strategies, Aggarwal is gearing up to offer competitive pricing and impeccable execution in the electric 3W domain. Following its triumph in the electric 2W market, Ola Electric is poised to replicate its success in the 3W segment, promising a game-changing shift in urban transportation.

Now, it’s time to know some key details of the upcoming electric bikes by Ola. 
On August 15, 2023, Ola Electric unveiled four sleek electric motorcycles – the Diamondhead, Adventure, Roadster, and Cruiser – at its Customer Day event, showcasing their futuristic design. Here are some key specifications of all the four bikes. 
OLA ROADSTER
OLA ROADSTER
The Ola Roadster, part of the electric motorcycle lineup, boasts an attractive design with sporty and futuristic features. While specific details are yet to be disclosed, the showcased model reveals notable components such as inverted forks, a mono-shock, disc brakes on both wheels and an all-LED lighting setup. Unlike some counterparts, the Roadster incorporates a chain drive system with a mid-mounted motor. With safety prioritized through dual disc brakes, it promises a secure driving experience. Positioned as a performance-oriented bike, it aims to offer minimal maintenance requirements compared to traditional sports bikes.
Expected Key Specifications:
SpecificationsDetails 
Top Speed130-140 km/h
Range200-220 km [single charge]
PriceRs 2 lakhs [Ex-Showroom]
Among the four showcased motorcycles, the Ola Roadster might be the first to hit the market. This model seems closest to a production-ready state compared to the others. However, the exact launch date remains uncertain as the Roadster is currently in the manufacturing stage and is expected to launch further by this month.
OLA CRUISER
The design of the Ola Cruiser Electric Motorcycle’s seat features a distinctive wavy pattern that extends from the rear to the front of the handlebars, adding a unique aesthetic to the bike. Its robust and aggressive appearance sets it apart from other models, enhancing its appeal. The hefty design, reminiscent of traditional cruiser motorcycles, combines classic elements with modern updates, providing both style and functionality. Additionally, its bulky form allows ample space for a high-power battery, ensuring optimal performance for this electric motorcycle.
Here are the expected key specifications: 
Range200-250 km
Front SuspensionTelescopic forks
Rear Suspension Mono shock
BrakesDisc brakes
Ola Electric is expected to launch the Cruiser electric bike in India by 2024 with a price range of ₹1,50,000–₹2,00,000. 
OLA ADVENTURE 

Details regarding the Ola Adventure electric motorcycle’s specifications have not yet been fully disclosed. However,  the bike features a tall seat, dual-purpose tires, spoked wheels, hand guards, ample ground clearance, and an overall rugged aesthetic.

Some key expected specifications are as follows:

Bike NameOla Adventure
Range250 kms
Price₹2.5 to ₹3 lakh

 

The Ola Adventure is designed with long-distance trips and adventurous terrains in mind, making it suitable for exploring rugged roads and hilly landscapes. It is expected to feature fast charging technology, along with possibly multiple riding modes and cruise control, enhancing its versatility for different riding conditions. As the Indian motorcycle market has yet to see the debut of electric adventure motorcycles, Ola could potentially gain a significant edge upon its launch, facing little to no immediate competition in this segment. The Ola Adventure is anticipated to hit the market towards the end of 2024 or early 2025.

OLA DIAMONDHEAD 
The Ola Diamondhead, true to its name, is poised to make a grand entrance as a premium, high-performance, luxury electric motorcycle, setting new standards in the Indian market. Positioned in the sport bike class, it promises a blend of cutting-edge technology and exhilarating performance. With its futuristic design and exceptional performance, the Ola Diamondhead is expected to attract significant attention not only domestically but also in foreign markets. Ola’s founder, Bhavish Agarwal, has indicated that all four upcoming electric motorcycles are being developed with a global audience in mind, underscoring the company’s ambitions beyond national borders.
The Ola Diamondhead sports an aggressive, futuristic design that sets it apart on the road. Its color scheme blends shiny silver, black, and grey, with black dominating the seats and grey/silver accentuating the side and front profiles.
Expected Specifications
Range300 km+
Top speed150-170 km/h
Front SuspensionHub-centre steering
Rear SuspensionMono shock
Front BrakesDual Discs
Rear BrakesSingle disc
The Ola Diamondhead stands out with its distinctive belt-driven system, a feature absent in the other three models. 
It is anticipated that the Ola Diamondhead, being the flagship electric motorcycle of the company, will likely be priced at over 4 lakhs upon its release. The launch is expected by the end of 2024 or early 2025.
FINAL THOUGHTS 
Ola Electric’s foray into electric autorickshaws and e-bikes marks a strategic expansion in the EV market. With its established presence in the two-wheeler segment, Ola’s venture into new vehicle categories is poised to enhance competition and innovation. This strategic move is expected to drive innovation and competition in the EV industry, encouraging the adoption of eco-friendly transportation options on a broader scale. 

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