Ola Electric Set To Launch E-Auto-Rickshaw 'Raahi', Expanding Commercial Vehicle Portfolio; Here's All About It

Ola Electric is set to launch an electric auto-rickshaw, named Raahi, later this month, marking its entry into the commercial vehicle segment.

The company has reportedly been developing the product for a couple of years as part of its broader strategy to expand its offerings, as per a report by The Hindu Businessline.

The electric auto-rickshaw is expected to rival popular brands like the Piaggio Ape e-city, Bajaj RE, and Mahindra Treo.

The launch of the e-auto-rickshaw is one of several announcements expected from Ola Electric in the coming months, including updates on its gigafactory, as the company prepares for its initial public offering (IPO).

In a bid to make its electric scooters more competitive, Ola also announced price cuts for its S1 X+, S1 Air, and S1 Pro models in February.

The flagship S1 Pro model saw a reduction of Rs 17,500, bringing its price down to Rs 130,000. Similarly, the S1 Air model became Rs 15,000 cheaper, priced at Rs 1.05 lakh, while the S1 X+ saw a significant cut of Rs 25,000, now priced at Rs 85,000.

In February, Ola achieved record-breaking sales with approximately 35,000 units registered, leading the EV segment's sales chart. This milestone represented nearly 100 per cent year-on-year growth compared to the same period last year.