Electromechanical cable-suspended drilling technology is considered one of the most feasible methods for subglacial bedrock drilling. The outstanding feature of this technology is that the bit load produced by the drill weight is usually within the range 1.5–4 kN while the recommended load for diamond drilling is 10–30 kN or even more. Therefore, searching for the diamond bits that can drill in extremely hard formations with minimal load and acceptable rates of penetration and torque is the necessary step to prove the feasibility of electromechanical subglacial drilling technology. A special test stand has been designed and constructed to examine the impregnated, surface-set, toothed and specially manufactured bionic drill bits. The results of experiments with ten types of drill bits show that the toothed diamond drill bit has the highest penetration rate of 3.18 m h−1 in very hard and abrasive granite under a 3 kN load. The torque (28.7 Nm) and power consumption (1.5 kW) of toothed drill bits are acceptable for cable-suspended drilling. The penetration rates of bionic drill bits may also be considered suitable and fall within the range 1.0–1.69 m h−1 under the lowest tested load.