Ola  Electric

Set to Launch a New Product on 1st April

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.

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. 

Aggarwal, through Ola Electric, plans to disrupt the electric three-wheeler (3W) sector with competitive pricing and flawless execution, marking a significant shift in urban mobility.

Aggarwal’s Vision for Ola Electric’s Expansion

Ola Electric is set to launch its electric bikes, including models like the Ola Roadster, Ola Cruiser, Ola Adventure, and Ola Diamondhead, with rumors suggesting the Ola Roadster will be the first to debut.

Aggarwal’s Vision for Ola Electric’s Expansion