Ola Electric stated on Monday that its first-ever all-electric motorbike will be released in India next year. The announcement was made in Mumbai on the sidelines of a press conference that the Board of Directors had organized regarding the most recent developments of Ola’s IPO.
Bhavish Aggarwal, CEO of Ola Electric, stated during the conference that the company’s first electric motorbike would be on the market in the first half of 2025 and that further information about the forthcoming models will be revealed on August 15 at an event.
Ola Electric and CEO Bhavish Agarwal have long spoken about their plans to expand their mobility offerings beyond electric scooters and into electric bikes and vehicles. While the firm has a strong presence in the electric scooter sector, with the Ola S1 Pro, Ola S1 Air and Ola S1X, it is now considering expanding into the lucrative electric bike space, which has just a few competitors.
Bhavish Aggarwal further highlighted the growth story of electric cars in India at the press conference, refuting rumours that EV sales were declining. He stated, “Potential is very large. I don’t see any slowing down of the EV story. You are seeing the incumbents are also joining the party. We are a mission driven company. Our mission is to make India a global electric vehicle hub.”
