Ola Electric shares are likely to remain in focus on Thursday, February 6, after the company announced its entry into the motorcycle segment by introducing five variants of Roadster X series, with an introductory price of INR 74,999.

“Ola Electric, India's largest pure-play EV company, today announced its entry into the EV motorcycle segment with the launch of its Roadster X series to redefine motorcycling with impressive performance and a thrilling riding experience,” said the company in an exchange filing.

The Roadster X series is being introduced starting at INR 4,999 for the Roadster X, INR 1,04,999 for the Roadster X+ 4.5kWh, and INR 1,54,999 for the Roadster X+ 9.1kWh (with 4680 Bharat Cell) that offers an unrivaled range of 501 km/charge.

The all-new Roadster X comes in 2.5kWh, 3.5kWh and 4.5kWh variants and is priced at INR 74,999, INR 84,999 and INR 94,999, respectively

The entire portfolio comes with a mid-drive motor that boosts performance and safety. The powertrain of the Roadster series also features a chain drive and an integrated MCU for efficient torque transfer, providing superior acceleration, and improved range while lowering costs.

“The Roadster series offers a breakthrough in motorcycle technology and comes with first-in-segment patented brake-by-wire technology with single ABS, and smart MoveOS 5 features such as advanced regeneration, cruise control, and reverse mode,” the company informed via its exchange filing.

“Motorcycles are at the heart of India’s mobility landscape. With our electric motorcycles, we’re driving the EV revolution deeper into the core of Indian mobility. After transforming the scooter market and making EVs mainstream, our futuristic Roadster series of motorcycles is here to accelerate the EV adoption further and make electric the first choice for every rider in India. The Roadster series will transform urban and rural mobility alike and take us closer to #EndICEAge, bringing in unmatched range, performance, reliability, efficiency, and technology. There can’t be a better time to join the revolution,” said Bhavish Aggarwal, Chairman & Managing Director of Ola Electric.

The shares of Ola Electric closed flat at INR 74.56 on the BSE on Wednesday.

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