Ola Electric has officially commenced production of its highly anticipated ‘Roadster’ electric bike, marking a significant milestone for the company. In an exchange filing, the EV maker confirmed the start of assembly on January 20, 2025, indicating that the bike is one step closer to hitting the market.
Bhavish Aggarwal’s First Ride and Showcase at Bharat Mobility Expo
A day later, Ola Electric’s founder and CEO, Bhavish Aggarwal, shared his excitement by posting a video on social media (X), where he can be seen riding the Roadster at the company’s manufacturing facility. The video shows Aggarwal speeding through the plant’s corridors with a pillion rider, highlighting the bike’s impressive design and performance. He captioned the video, saying, “Exhilarated after riding the @OlaElectric Roadster! Can’t wait for you all to experience!”
Earlier this month, at the Bharat Mobility Expo 2025, Ola Electric showcased the Roadster along with other new offerings, such as the Ola Gig and Ola S1 Z, to further cement its position in the rapidly growing electric mobility space.
Specifications and Pricing of the Roadster Series
Ola Electric had unveiled its Roadster Series last August, introducing three models: Roadster X, Roadster, and Roadster Pro, starting from INR 74,999. The Roadster model featured in Aggarwal’s video is likely one of the variants within the series, offering a peak motor output of 13 kW, along with three battery variants: 3.5 kWh, 4.5 kWh, and 6 kWh.
The Roadster will be priced between INR 1,04,999 and INR 1,39,999, depending on the variant. It promises a top speed of 126 km/h and a range of 248 km per charge, making it a competitive offering in the electric bike market. Deliveries of the Roadster X and Roadster are expected to begin in Q4 FY25.
Challenges and Controversies Facing Ola Electric
Despite these significant strides, Ola Electric has faced challenges recently, both in terms of regulatory scrutiny and market perception. The company is under investigation by the Central Consumer Protection Authority (CCPA)regarding delays in vehicle deliveries, defective vehicle sales, and customer service issues. Additionally, the Karnataka High Court recently rejected the company’s petition to quash a notice from the CCPA.
Furthermore, Ola Electric has faced a reprimand from SEBI (Securities and Exchange Board of India) for violating disclosure norms. These controversies have weighed on the company’s stock price, which has seen a year-to-date decline of more than 11%.
Financial Performance and Market Outlook
On the financial front, Ola Electric reported a 5.5% reduction in its consolidated net loss, bringing it down to INR 495 Cr for Q2 FY25, compared to INR 524 Cr in the same quarter of the previous year. Operating revenues surged by almost 39%, reaching INR 1,214 Cr during the quarter, up from INR 873 Cr in Q2 FY24.
On January 21, Ola Electric’s stock closed 0.2% lower at INR 76.24 on the BSE, reflecting ongoing market concerns despite the company’s impressive product development.
