Ola plans to launch an electric autorickshaw in India

The new electric 3-wheeler is likely to be called Raahi and will compete with the Bajaj RE and Mahindra Treo.

According to media reports, Ola Electric plans to enter the e-autorickshaw segment later this year. The new electric 3-wheeler is likely to be called Raahi.

Ola’s Raahi e-rickshaw will compete with established players like the Bajaj RE, Mahindra Treo and Piaggio Ape e-city. It is said to be in development for the last couple of years and could be launched ahead of the company’s planned IPO.

Before going public, Ola Electric will reportedly make several new announcements, not just related to new products, but also its upcoming gigafactory. The new facility will manufacture battery cells by the end of this quarter. The company plans to allocate Rs 1,226 crore for its gigafactory.

In terms of sales, Ola Electric is the largest electric 2-wheeler brand in India. The company currently has a market share of 41% and plans to further strengthen its position in the electric 2-wheeler segment.

Source: ET Auto