Ola Electric

Benglauru-based Ola Electric has finalized plans to launch an electric autorickshaw, reportedly named Raahi, directly targeting consumers.

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Ola Electric is looking to make many announcements, including on the gigafactory, in the next few months ahead of the listing. The e-autorickshaw is part of the same plan.

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The development of Raahi is part of a broader strategy leading up to Ola Electric’s anticipated IPO, aligning with its goal to raise funds and strengthen its market presence.

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"Raahi," meaning "traveler" in Hindi, represents Ola Electric's push before its upcoming IPO. It reflects the company's strategy to expand its product range and diversify.

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With a draft red herring prospectus (DRHP) filed in December last year, Ola Electric aims to raise significant capital, potentially up to Rs 5,500 crore, through a fresh issue.

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Focus on Two-Wheeler Segment

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Electric Autorickshaw Market Dynamics

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