Near SEBI admission The documents filed confirm that Ola Electric’s upcoming electric motorcycle will be introduced in the first half of FY 2026. At the same time, the company also plans to expand its portfolio into the mass-market motorcycle segment in the coming time. The company has written in its DRHP for the IPO that “we expect to start delivering motorcycles in the first half of FY 2026.”
Let us tell you that last year Ola Electric introduced four concept electric motorcycles – Diamondhead, Adventure, Roadster and Cruiser to the world. Last year, some rumors also surfaced about their prices, in which these electric bikes were estimated to be launched in the segment of Rs 85,000 to Rs 1.25 lakh.
The company says that they are planning to expand their product portfolio further. Currently, the company has Ola S1X, S1 Pro and S1 Air models. In its DRHP, the company wrote, “We plan to further expand our product portfolio to also cover mass market motorcycles to capture a wider base of consumers across different product types and price points in the long term.”
Let us tell you that Ola Electric has got approval from markets regulator SEBI for Initial Public Offer (IPO). Through this IPO, the company will raise about Rs 5,500 crore. This fund will be used for capital expenditure, debt repayment and research and development (R&D). This IPO will include new shares worth about Rs 5,500 crore and an offer for sale (OFS) of about Rs 1,750 crore. Existing shareholders can sell more than 9.59 crore shares in OFS. In this, about 4.73 crore shares will be sold by Bhavish Aggarwal, founder of Ola Electric.
Last month, Ola Electric’s sales grew by more than six percent to 37,191 units. In the same month last year, the company sold more than 35,000 units. Ola Electric’s new S1X range has contributed significantly to the sales and its market share has increased to around 49 percent. The prices of the Ola S1X range range from Rs 74,999 to Rs 99,999 (ex-showroom). S1X has been made available in 2 kW, 3 kW and 4 kW battery options.