Ola  Electric

Three Wheeler going to Launch Before IPO

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

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.

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.


"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.

Strategic Moves Preceding IPO

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.

Strategic Moves Preceding IPO

Ola Electric ramps up for IPO by strengthening its position in electric two-wheelers, with moves like extended battery warranties, fast-charging infrastructure expansion, and service center network enhancement.

Focus on Two-Wheeler Segment

In the electric autorickshaw market, players like Mahindra, Piaggio, and Bajaj offer a pricing spectrum ranging from Rs 2.0 lakh to over Rs 3.5 lakh, contingent upon the model and additional features.

Electric Autorickshaw Market Dynamics