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Ola Electric To Launch E-Autorickshaw Ahead Of Its IPO

Inc42 · 1y

Ola Electric is set to launch an electric autorickshaw, named Raahi, targeting consumers in India. The company has been working on this product for a few years as part of its expansion into the commercial vehicle sector. The electric three-wheeler will compete with established models from Mahindra, Piaggio, and Bajaj. Sales of electric three-wheelers have been increasing, accounting for over 50% of three-wheeler sales in 2023. Ola Electric's launch of the e-autorickshaw coincides with its strategy to make significant announcements and prepare for its upcoming IPO.