Electric two wheeler manufacturing company Ola Electric is going to enter a new three wheeler segment which is autorickshaw. It is fully electric and the name is “Raahi”.
Currently, there are three electric three wheelers dominating the market which are Bajaj RE, Mahindra Treo and Piaggio Ape e-city. Ola Raahi auto rickshaw wants to capture this market. Ola has lots experience in the electric three wheelers market. They are the top leading electric two wheelers company in India. In this new three wheeler segment, I think they have no more problems.
Ola Electric scooter is also price competitive and offers long range. The e-rickshaw also comes with an affordable price segment. Ola has already been working for a couple of years on auto rickshaws. Finally,it came to reality.
Ola is also working on several plans like giga factory, Ola bike and more. 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.
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Ola has now acquired 40 percent of the electric two wheeler market. They want to expand their business in various segments like electric bikes, e-rickshaw and more.