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Ola Electric to compete with Mahindra, Piaggio; Plans to launch e-rickshaw by the end of this month

IndianStartupNews · 1y

Ola Electric is set to launch its electric autorickshaw, targeting direct consumer sales in the commercial vehicle sector. The move comes as the company prepares for its IPO, aiming to raise Rs 7,250 crore. Ola Electric plans to expand its fast-charging network, introduce a new variant to its scooter series and increase its service centres. The company is also offering an eight-year battery warranty to enhance the EV ecosystem and encourage more consumers to transition to electric mobility.