Ola Electric has made major strides towards its IPO, raising billions from investors and making bold claims about its electric two-wheeler offerings. With the recent launch of its electric motorcycle, the company has seen a surge in its share prices and continues to make moves towards establishing its position in the market. However, it hasn't been all smooth sailing for the company, as it has faced criticism from MapmyIndia's CEO over its mapping technology and still faces challenges from competitors like Ather Energy and major international players like Mahindra & Mahindra. As the electric mobility industry continues to grow, Ola Electric is positioning itself for success.
Ola Electric's Sankalp 2024 event saw the launch of its new range of two-wheelers, the Roadster series, consisting of three new EV bikes – Roadster Pro, Roadster X, and Roadster. The entry-level Roadster X starts at Rs. 74,999 with multiple battery options, while the premium Roadster Pro comes with a top speed of 194kmph and a range of up to 579km on a single charge. Ola also announced new battery technologies and conversational AI features in the form of Krutrim. Pre-bookings for the bikes have started and deliveries will begin in 2025.