Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis

The SoftBank-backed company expects to turn cash-flow positive in three quarters and highlighted that it has more than 60,000 scooters on the road, according to a Kotak Institutional equities report

Ola Electric, the ride-hailing firm’s electric vehicle arm, has laid out its vision to become a vertically integrated electric mobility player across two-wheeler and passenger vehicle segments. The company calculates the opportunity size at $1 trillion at a volume of 155 million units, according to a Kotak Institutional equities report.

The SoftBank-backed company has also announced its target to attain 15 per cent of the global capacity for electric two-wheeler vehicle manufacturing. Further, it plans to make significant investments in R&D to drive the vertical integration strategy, especially in battery cell technology as well as traction motors.

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