Ola Electric Roadster X: Pioneering the Electric Motorcycle Era in India

Ola Electric Bike: A New Era of Electric Motorcycles in India

Ola Electric is a leading electric vehicle manufacturer based in Bengaluru, Karnataka. Founded in 2017 by Bhavish Aggarwal, the company aims to promote electric mobility in India and reduce environmental impact.

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Company History and Development

• Establishment: Founded in 2017.
• Initial Investment: Secured early investments from Tiger Global and Matrix India.
• Acquisition: In 2020, acquired Amsterdam-based Etergo, an electric scooter manufacturer.
• Manufacturing Facility: Established the ‘Future Factory’ in Krishnagiri, Tamil Nadu, spanning 500 acres, making it India’s largest and most automated electric two-wheeler manufacturing facility.

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Products and Services

• Ola S1: The company’s flagship electric scooter, available in various variants.
• Ola Roadster: A new electric motorcycle series, including Roadster X and Roadster X+.
• Ola Gigafactory: An upcoming battery manufacturing facility aimed at producing lithium-ion batteries.

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Financial Performance

• 2024 Revenue: ₹5,010 crore.
• 2024 Net Loss: ₹1,584 crore.
• 2024 Production: 329,000 units.
• Employee Count: 3,733 (as of October 2023).

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Headquarters and Manufacturing Facilities

• Headquarters: Bengaluru, Karnataka, India.
• Manufacturing Facilities:
  • Future Factory: Located in Krishnagiri, Tamil Nadu, it’s India’s largest and most automated electric two-wheeler manufacturing facility.
  • Battery Innovation Center: Situated in Bengaluru, it’s Asia’s largest battery research and development center.

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Market Position

• Market Share: As of 2024, Ola Electric holds a 30% share in India’s electric two-wheeler market.
• Financial Status: Despite a revenue of ₹5,010 crore in 2024, the company reported a net loss of ₹1,584 crore.

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Roadster X: Specifications and Pricing

Ola Electric has introduced its new electric motorcycle series, the Roadster, in the Indian market. The Roadster X is available in three variants:

• 2.5 kWh Variant:
  • Price: ₹74,999 (ex-showroom).
  • Range: Approximately 140 km (IDC).
  • Top Speed: 105 km/h.
  • Acceleration: 0 to 40 km/h in 3.4 seconds.
• 3.5 kWh Variant:
  • Price: ₹84,999 (ex-showroom).
  • Range: Approximately 196 km (IDC).
  • Top Speed: 118 km/h.
• 4.5 kWh Variant:
  • Price: ₹99,999 (ex-showroom).
  • Range: Approximately 252 km (IDC).
  • Top Speed: 125 km/h.

Features:

• Power: 9.38 hp (7 kW).
• Braking System: CBS and Brake-by-Wire technology.
• Riding Modes: Sports, Normal, and Eco.
• Digital Display: 4.3-inch LCD screen.
• Smart Connectivity: Ola Maps navigation, cruise control, TPMS alerts.
• OTA Updates: MoveOS 5.
• Digital Key Unlock: Yes

Delivery and Availability:

• Delivery Start: January 2025.
• Booking: Available online.
• Test Ride: Available at nearest Ola showrooms.

Agra Pricing and EMI Options:

• On-Road Price: ₹1,06,566.
• EMI: Starting from ₹3,656 per month.

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Future Plans

• Battery Manufacturing: Ola Electric is establishing the ‘Ola Gigafactory’ in Krishnagiri, Tamil Nadu, to produce lithium-ion batteries. The first phase, with a capacity of 5 GWh, is expected to commence operations by early 2025. The company plans to scale up to 100 GWh in future phases.
• IPO Plans: Ola Electric is planning an Initial Public Offering (IPO) to raise up to ₹4.5 billion. The funds will be utilized for battery manufacturing, debt repayment, and research and development.

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Battery Manufacturing: Ola Gigafactory

Ola Electric is setting up the ‘Ola Gigafactory’ in Krishnagiri, Tamil Nadu, to produce lithium-ion batteries. The first phase, with a capacity of 5 GWh, is expected to commence operations by early 2025. The company plans to scale up to 100 GWh in future phases.

Conclusion:

Ola Electric is revolutionizing the Indian electric vehicle landscape with its innovative offerings like the Roadster X series. By combining advanced technology, sustainability, and affordability, the company is paving the way for a greener and more efficient future in transportation. The Roadster X series, with its impressive range and features, caters to a diverse audience, making electric mobility accessible to all. As the company continues to expand its infrastructure and product lineup, Ola Electric is poised to lead the charge in India’s transition to electric vehicles.