Ola Electric plans e-autorickshaw launch ahead of IPO

economictimes.indiatimes.com:

Ola Electric has finalised plans to launch an electric autorickshaw meant to be sold directly to consumers, people aware of the matter said. The vehicle is likely to be called Raahi and the company is expected to unveil it later this month, they added.

The vehicle will compete with the likes of Mahindra Treo, Piaggio Ape e-city and Bajaj RE in the electric three-wheeler segment. Ola Electric has been working on the product for a couple of years as part of its wider plans to enter the commercial vehicle business.

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“Ola Electric is looking to make a slew of announcements, including on the gigafactory, in the next few months ahead of the listing. The e-autorickshaw is part of the same plan and internally the target is to do it over the next two weeks or so,” a person in the know told ET, adding that the timelines may change.

Ola Electric did not reply to ET’s emailed queries till press time Tuesday.

Mahindra, Piaggio and Bajaj price their electric autorickshaws in a range of Rs 2.0 lakh to upwards of Rs 3.5 lakh, depending on the model and add-ons. According to government transport website Vahan, more than 580,000 electric three-wheelers were sold last year, 66% higher than in 2022. Electric three-wheelers comprised over 50% of total three-wheeler sales in