Ola Electric To Launch Electric Motorcycles In 2023

Ola Electric is planning to enter the electric motorcycle space by 2023. As per reports, the company plans to enter three market segments - mass, mid-segment, and premium superbikes.Commenting on the launch of Ola S1 Air, Bhavish Aggarwal, CEO of the Bengaluru-based EV start-up company, said, "I have studied the Rs 80,000 to Rs 10 lakh motorcycle market and such hyper-segmentation in EVs is not needed. In bikes, there is a lot more room for bringing a new sphere of technology and we will be announcing this by the end of next year."As of now, the details of the upcoming electric motorcycles are yet to be revealed. The company recently launched its mass-market electric scooter Ola S1 Air in the Indian market. Similarly, the company has also dropped a teaser for its upcoming electric car.Although there are no details regarding the battery pack and powertrain, Ola says that it aims to deliver over 500 km in one full charge and reach 0-100 kmph in under 4 seconds.