Latest news with #RoadsterPro
Time of India
21-05-2025
- Automotive
- Time of India
Ola Electric plans fresh fundraise amid market challenges
Ola Electric , facing market share decline and a falling stock price, is planning to raise fresh capital through non-convertible debentures or other eligible securities, with a board meeting scheduled for May 22 to discuss the matter, stated company's regulatory filings. The fundraise, which could occur in one or more tranches via private placement or other permissible methods, marks the company's first funding exercise since its IPO last year, even as the company faces increased regulatory scrutiny. In related news, Ola Electric will begin deliveries of its electric motorcycle Roadster X towards the end of this week. Details regarding the size of the funding round, valuation, and potential investors have not been disclosed. The Bhavish Aggarwal-led company has recently faced increased regulatory scrutiny concerning sales discrepancies. Deliveries of Roadster X In a separate announcement, Ola Electric Mobility's Founder, Chairman & Managing Director Bhavish Aggarwal shared news about the company's electric motorcycle deliveries. Aggarwal posted on social media platform X: " Roadster X deliveries starting this Friday! Excited to see customers experience our bike." The Roadster X series has different price points based on the model: ₹74,999 for the Roadster X, ₹1,04,999 for the Roadster X+ 4.5kWh, and ₹1,54,999 for the Roadster X+ 9.1kWh (with 4680 Bharat Cell). The Roadster X+ 9.1kWh offers a range of 501 km per charge. Initially, Ola Electric had announced that deliveries of its electric bikes would commence from Q4FY25 onwards. Deliveries for the Roadster Pro model were slated to begin in Q4FY26.
Hindustan Times
03-05-2025
- Automotive
- Hindustan Times
Ola Roadster X deliveries delayed once again, will now begin later this month
The Ola Roadster X is the brand's maiden electric motorcycle that was first announced last year but has been delayed twice so far Ola Electric has delayed the delivery of the Roadster X electric motorcycle. In a regulatory filing, Ola Electric announced that deliveries for its maiden electric bike will now begin in May, as against the previously promised timeline of April 2025. The Bhavish Aggarwal-led company had originally promised deliveries from March onwards, but delayed them by a month. This is the second delay for the Roadster X. It's unclear if this will affect the arrival of the Roadster and Roadster Pro models, which also made their debuts alongside the X variant. Ola Roadster X Deliveries Delayed While Ola has not confirmed the same, several reports suggested the initial delay was due to the homologation process remaining incomplete on the Roadster X ahead of the originally promised delivery timeline. That said, the company claimed on April 11, 2025, that the first batch of Roadster X models had rolled out of the brand's manufacturing facility. Also Read : Ola Roadster X starts arriving at dealerships, deliveries to begin soon Production of the Ola Roadster X commenced in April, according to the company Ola Electric added 1,395 Roadster X bookings to its February sales data, even as deliveries were yet to take place. The move led to increased scrutiny from regulatory authorities. A recent report suggested SEBI was investigating Ola Electric for possible insider trading and suspicious related-party transactions. However, a recent clarification from the company called the report completely inaccurate. A statement from Ola read, 'We would like to bring to your attention that the story titled 'Ola Electric Likely In SEBI Crosshairs Over Alleged Insider Trading" contains factual inaccuracies that could potentially harm the reputation of Ola Electric Mobility Limited. To clarify, the individual mentioned in media articles is an employee of Ola Electric Technologies Private Limited and holds ESOPs (Employee Stock Ownership Plans) of Ola Electric Mobility Limited. The trades referred were routine transactions involving shares acquired through exercising these ESOPs and not through the open market purchase." Ola Roadster X: Specifications & Prices Ola has been accepting bookings for the Roadster X for a while now. We even told you that the Roadster X was spotted at dealerships, hinting at deliveries commencing soon. The entry-level commuter electric motorcycle is priced from ₹ 74,999 (ex-showroom) onwards, making it one of the most accessible e-bikes on sale. The Ola Roadster X will be available in three variants. The base variant gets a 2.5 kWh battery with 140 km of range. The mid variant gets a 3.5 kWh battery with 196 km of range. The top variant gets a 4.5 kWh battery with 252 km of range. All three trims are powered by the same 7 kW (9.3 bhp) mid-drive mounted electric motor. Check out Upcoming EV Bikes in India. First Published Date: 03 May 2025, 14:58 PM IST
