Ola Electric

Bengaluru, India Founded: 2017 • Age: 9 yrs Listed Fortune India 500 · #477 India's Most Valuable · #334
Electric scooters and motorcycles are manufactured with related accessories.
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About Ola Electric

Ola Electric is a publicly listed company based in Bengaluru (India) founded in 2017 by Bhavish Aggarwal, Anand Shah, and Ankit Jain. Electric scooters and motorcycles are manufactured with related accessories. Ola Electric has raised $999.91 million across 15 funding rounds from investors including SoftBank, Kia and State Bank of India. The company has 3,326 employees. Ola Electric has completed 1 acquisition, including Etergo. Ola Electric was last valued at $5.75 billion in December 2023. Its chief executive, as recorded, is Bhavish Aggarwal. Its website olaelectric.com draws about 3.6 million monthly visits. Its Indian entity Ola Electric Mobility Limited reported revenue of ₹2,460 Cr. Ola Electric offers products and services including Ola S1 Pro+, Ola S1 X+, Ola S1 X, Ola S1 Z, and Roadster X. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Two Wheelers. Its competitors include Ather Energy, Hero Electric and BGauss; 3 of its 3 listed competitors have raised funding.

Company details

Ola Electric was founded in 2017 and is headquartered in Bengaluru, India. Electric two-wheeled vehicles, including scooters and motorcycles, are developed and produced by the company for personal transportation. Various models are offered to address diverse consumer requirements. Accessories, charging infrastructure, and battery warranty programs are provided as supporting services. Operations focus on the electric vehicle sector within the mobility industry.

Ola Electric is ranked #477 on the Fortune India 500 (2025) and #334 among India's most valuable companies (2025).

Recognitions & Rankings of Ola Electric

Fortune India 500 2025 edition
Rank#477
Total income
₹4,923 Cr
Profit
₹-2,276 Cr
Last year #398
India's Most Valuable Companies 2025 edition · Source: Hurun India
Rank#334
Valuation
₹16,130 Cr
2024 #155 2023 #106 2022 #100
  • Headquarters Bengaluru, India
  • Employees 3,326
  • Founders Bhavish Aggarwal, Anand Shah, Ankit Jain
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Website category Vehicles
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website olaelectric.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Ola Electric Mobility Limited
Operational Areas
Transportation, Automotive & Logistics → Electric & Green Mobility
Key Metrics
  • Market Cap
    ₹16,521 Cr

    OLAELEC · NSE

  • Share Price
    ₹31.94

    -3.36% today

  • Revenue
    ₹2,253 Cr

    FY 2025-26 · -50.1% YoY

  • EBITDA
    −₹972 Cr

    Margin -43.1%

  • Net Profit
    −₹1,833 Cr

    FY 2025-26 · +18.6% YoY

  • Total Equity Funding
    $999.91M (USD)

    in 15 rounds

  • Latest Funding Round
    $81.45M (USD), Post-IPO

    Jun 2026

  • Investors
    SoftBank

    & 71 more

  • Employee Count
    3,326
  • Investments & Acquisitions
    Etergo

Products & Services of Ola Electric

Ola Electric offers a comprehensive portfolio of products and services, including Ola S1 Pro+, Ola S1 X+, Ola S1 X, Ola S1 Z, and Roadster X.

Ola S1 Pro+
Electric Scooter

High-performance scooter with long range and fast acceleration for urban commuting.

Ola S1 X+
Electric Scooter

Affordable scooter offering efficient range and speed for daily rides.

Ola S1 X
Electric Scooter

Budget-friendly model with portable batteries for flexible urban travel.

Ola S1 Z
Electric Scooter

Compact scooter designed for short trips with easy battery swapping.

Roadster X
Electric Motorcycle

Powerful motorcycle for high-speed rides with extended range capabilities.

Roadster X+
Electric Motorcycle

Advanced motorcycle featuring enhanced performance and battery options.

Roadster
Electric Motorcycle

Versatile motorcycle for city and highway use with reliable efficiency.

Apps and channels of Ola Electric

its YouTube channel Ola Electric has 231K subscribers and 30 videos.

Ola Electric
YouTube 231K subscribers 30 videos Science & Technology
Open channel

Videos from Ola Electric

The most watched videos on Ola Electric's YouTube channel, Ola Electric (231K subscribers). Click a video to play it here.

Bhavish Aggarwal in conversation with Z47 | Building a Technology-driven Future in India
534.8K views
Aaj Ami Shakti | Ola Celebrates India
258.4K views
Introducing Our Rare Earth Free Motors with Ferrite Magnets, Made in India!
101.3K views
Powering India's Future With Our 4680 Bharat Cells
97K views

More on Ola Electric.

Funding Insights of Ola Electric

Ola Electric has successfully raised a total of $999.91M across 15 strategic funding rounds. The most recent funding activity was a Post-IPO round of $81.45 million completed in June 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $999.91M
  • Total Rounds 15
  • Last Round Post-IPO — $81.45M
  • First Round $57M

    (Feb 2019)

  • Investors Count 72

Latest 10 of 15 funding rounds of Ola Electric with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2026$81.45MPost-IPO––
BNP Paribas Asset Management, Motilal Oswal Asset Management Company
Jun 2024$11.97MDebt – Conventional––
Alteria Capital
Apr 2024$49.19MDebt – Conventional––
EvolutionX
Dec 2023$2.4MAngel Round$5.75BKaran Danthi
–
Oct 2023$240MDebt – Conventional––
SBI
Jul 2023$140MSeries E$5.76BTemasek
Tiger Global Management, DIG Investment
Apr 2022$7.49MSeries D$•••••–
Alpha Wave Global
Feb 2022$123.22MSeries D$•••••–
Alpine Investors, Tekne Capital Management
Jan 2022$200MSeries C–Edelweiss
Tekne Private Ventures, Alpine Opportunity Fund
Oct 2021$200MSeries C$•••••Alpha Wave Investors
SoftBank, MacRitchie Investments
Valuation history
DateValuationStage
Dec 2023$5.75B••••••••
Jul 2023$5.76B••••••••
Apr 2022$•••••••••••••
Feb 2022$•••••••••••••
Oct 2021$•••••••••••••
Mar 2020$•••••••••••••
Jul 2019$•••••••••••••
May 2019$•••••••••••••
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Full valuation and stage history of Ola Electric

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

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Last known valuation $5.75B (Dec 2023). 72 investors in total: 43 institutional and 29 angel.

Investors in Ola Electric

Ola Electric has secured backing from 72 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include SoftBank, Kia and State Bank of India.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
EvolutionX
Private debt fund focused on growth-stage technology companies
evolutionx.com.sgSingapore, Singapore
Temasek
An investment platform is provided for diverse sectors and geographies.
1974temasek.com.sgSingapore, Singapore
Tiger Global
Venture and private equity investments are managed with global diversification.
tigerglobal.comNew York, United States
DIG Investment
VC firm focused on multiple sectors
diginvestment.comStockholm, Sweden
Blue Investment
Private equity firm
blueig.comNew York, United States
Tekne Capital Management
Venture capital firm investing in tech sectors
teknecap.comNew York, United States
Alpha Wave Global
Venture capital firm focused on growth-stage companies
alphawaveglobal.comNew York, United States
Tekne Private Ventures
Investments in electric scooter startups are managed by the firm.
tekneprivateventures.tcc.modeNew York, United States
Alpine Opportunity Fund
Venture capital firm focused on multiple sectors
alpineoppurtunityfund.tcc.modeBoston, United States
Abicap
Private equity firm focused on multiple sectors
abicap.comBeijing, China
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Investor details for Ola Electric

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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Verified entity values are shown only after access is granted.

Board of directors of Ola Electric Mobility Limited (Ola Electric)

Ola Electric Mobility Limited is the primary company behind Ola Electric. The boards of the 2 registered companies of Ola Electric currently have 9 directors; the longest-serving is Bhavish Aggarwal, appointed in 2017. 32 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Bhavish Aggarwal
DIN 03287473
Managing Director03 Feb 20179 yrs 8 moOla Electric Mobility Limited, Ola Electric Technologies Private Limited
Arun Sarin
DIN 01384344
Director26 Feb 20197 yrs 7 moOla Electric Mobility Limited
Krishnamurthy Venugopala Tenneti
DIN 01338477
Director30 Sep 20206 yrsOla Electric Mobility Limited
Shradha Sharma
DIN 03557496
Director06 Dec 20232 yrs 10 moOla Electric Mobility Limited, Ola Electric Technologies Private Limited
Manoj Kumar Kohli
DIN 00162071
Director06 Dec 20232 yrs 10 moOla Electric Mobility Limited, Ola Electric Technologies Private Limited
Rajiv Tharavanat
DIN 09237120
Additional Director04 Dec 202510 moOla Electric Technologies Private Limited
Navalur Dattatreya Singh Shashank
DIN 02237496
Director05 Dec 202510 moOla Electric Mobility Limited
Deepak Rastogi
DIN 02317869
Additional Director20 Jan 20269 moOla Electric Technologies Private Limited
Suresh Mutyala
DIN 11484323
Whole-Time Director20 Jan 20269 moOla Electric Technologies Private Limited

People of Ola Electric

86 people are tracked at Ola Electric (26 in leadership, 60 in team); the tracked headcount is 3,326.

NameRoleGroup
Bhavish Aggarwal
Co-Founder & CEOLeadership
Navendu Agarwal
Group CIOLeadership
Anand Shah
FounderLeadership
Ankit Jain
FounderLeadership
Marisha Shukla
Director Legal - Ola ElectricLeadership
Nazim Mohammed
Associate Director (Lead Counsel) - Legal, Ola ElectricLeadership
Olivia Chowdhury
Program Manager- CEO OfficeLeadership
Manish Bajpai
Financial Controller & Head Of Internal AuditLeadership
Wayne Burgess
Head of Design, Ola Electric MobilityLeadership
G. R. Arun Kumar
Group CFOLeadership
Vinay Bhopatkar
Head of Sales & Supply, Ola MobilityLeadership
Srikant Lakhanpal
Associate Director - Technical Program ManagementLeadership
Vinay Chawla
Head Of Group I&oLeadership
Monika Yadav
Business Strategy HeadLeadership
Shreshth Mahajan
Chief Of Staff - Strategy And Corporate DevelopmentLeadership
Dayaraj Kunder
Director - Administration / Procurement - Corporate FunctionsLeadership
Dadhichi Tripathi
Associate Director Fp&a & Business FinanceLeadership
Soumya Murthy
Head Of Indirect TaxLeadership
Abhishek Agrawal
Head Of Product & Technology - Ola Fleet & Foodpanda (ola Food)Leadership
Shivansh Kulhari
Director, Strategic Marketing, Ola Electric & MobilityLeadership

66 more people are available in the full profile.

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Complete people profiles for Ola Electric

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

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IPO & Listings of Ola Electric

Ola Electric is a publicly listed company on the NSE with ticker symbol OLAELEC in India, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date09 Aug 2024
  • Listed onBSE: 544225 · NSE: OLAELEC
  • Listed entityOla Electric Mobility Limited
  • Exchange sectorConsumer durables
  • ISININE0LXG01040
  • Share price₹35.84 (+2.11% on the day) · 2026-10-14
  • Market capitalisation₹17,540 Cr
  • EPS (diluted, trailing year)₹-4.12
  • Volume (last session)35,529,830

Financials of Ola Electric

Exchange-reported figures of Ola Electric Mobility Limited, the listed company behind Ola Electric (NSE: OLAELEC).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,253 Cr
-50.1% YoY
EBITDA
−₹972 Cr
+44.8% YoY
Profit After Tax
−₹1,833 Cr
+18.6% YoY
Net Worth
₹3,351 Cr
-34.8% YoY
Total Assets
₹6,341 Cr
-29.9% YoY
Total Debt
₹2,763 Cr
-22.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue2,2534,5145,0102,6313730.86
Revenue growth-50.1%-9.9%+90.4%+604.6%--
EBITDA(972)(1,762)(1,274)(1,349)(800)(284)
EBITDA margin-43.1%-39.0%-25.4%-51.3%-214.3%-
Profit before tax(1,829)(2,276)(1,584)(1,472)(784)(199)
Net profit(1,833)(2,252)(1,598)(1,397)(784)(192)
Net profit margin-81.4%-49.9%-31.9%-53.1%-209.9%-
EPS (₹)(4.16)(5.16)(8.10)(7.53)(4.01)(1,99,232.00)
Balance sheet
Total assets6,3419,0404,9044,1784,4702,015
Net worth3,3515,1432,0192,3563,6611,971
Total debt2,7633,5562,7101,69680442.17
Cash & bank1,5423,5161,6631,5292,0971,366
Net working capital1,8044,6241,1901,8162,0731,316
Cash flow
Cash from operations(775)(2,391)(633)(1,507)(885)(252)
Cash from investing2,002(2,864)(1,136)(319)(1,322)549
Cash from financing(1,201)5,4291,5906593,0853.15
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4552654706908286111,0451,214
Revenue growth (YoY)-45.1%-56.6%-55.0%-43.2%-49.6%---
Other income29.0039.0034.0066.0068.00117127100
EBITDA(165)(281)(271)(203)(237)(695)(460)(379)
EBITDA margin-36.3%-106.0%-57.7%-29.4%-28.6%-113.7%-44.0%-31.2%
Depreciation127177170172165170138132
Interest73.0077.0080.0010994.0012293.0084.00
Profit before tax(336)(496)(487)(418)(428)(870)(564)(495)
Tax0.004.000.000.000.000.000.000.00
Net profit(336)(500)(487)(418)(428)(870)(564)(495)
EPS (₹)(0.75)(1.13)(1.10)(0.95)(0.97)(1.97)(1.28)(1.20)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2.493.0082.0017028.130.871.79
Revenue growth-17.0%-96.3%-51.8%+504.9%+3133.3%-51.4%-
EBITDA(99.81)(137)(139)(157)(301)(200)(127)
EBITDA margin-4008.4%-4566.7%-169.5%-92.2%-1068.5%--7096.7%
Profit before tax(109)(40.00)(27.00)(38.74)(223)(104)(4.50)
Net profit(113)(40.00)(27.00)(38.74)(223)(96.80)(36.42)
Net profit margin-4537.8%-1333.3%-32.9%-22.8%-791.6%--2034.6%
EPS (₹)(0.26)(0.09)(0.14)(0.20)(1.14)(1,03,690.00)(4,505.10)
Balance sheet
Total assets11,24411,5846,0814,4514,3212,0742,135
Net worth10,92211,0175,6734,4484,3202,0692,130
Total debt3215664050.000.003.300.00
Cash & bank8001,8881,2601,2251,8491,3482,040
Net working capital1,0042,4461,7651,4181,9681,3202,059
Cash flow
Cash from operations104(116)(312)(87.47)(312)(184)(110)
Cash from investing384(5,295)(1,313)(1,066)(1,292)468(1,760)
Cash from financing(330)5,4111,56656.502,454(1.01)1,852
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.480.780.390.000.660.001.001.00
Revenue growth (YoY)-27.3%--61.0%-100.0%-34.0%---
Other income13.6414.7010.7225.0028.5646.9777.0052.00
Total expenses1.1148.5623.1014.0015.9377.6820.0039.00
EBITDA(0.63)(47.78)(22.71)(14.00)(15.27)(77.68)(19.00)(38.00)
EBITDA margin-131.3%-6125.6%-5823.1%--2313.6%--1900.0%-3800.0%
Depreciation0.920.501.071.001.250.901.001.00
Interest17.7217.8918.5124.0022.6024.0724.0024.00
Profit before tax(5.63)(51.47)(31.57)(14.00)(10.56)(55.68)33.00(11.00)
Tax0.004.330.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4552654706908286111,0451,214
Revenue growth (YoY)-45.1%-56.6%-55.0%-43.2%-49.6%---
Other income29.0039.0034.0066.0068.00117127100
EBITDA(165)(281)(271)(203)(237)(695)(460)(379)
EBITDA margin-36.3%-106.0%-57.7%-29.4%-28.6%-113.7%-44.0%-31.2%
Depreciation127177170172165170138132
Interest73.0077.0080.0010994.0012293.0084.00
Profit before tax(336)(496)(487)(418)(428)(870)(564)(495)
Tax0.004.000.000.000.000.000.000.00
Net profit(336)(500)(487)(418)(428)(870)(564)(495)
EPS (₹)(0.75)(1.13)(1.10)(0.95)(0.97)(1.97)(1.28)(1.20)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue2,2534,5145,0102,6313730.86
Revenue growth-50.1%-9.9%+90.4%+604.6%--
Other income20741823315282.84105
Total expenses3,2256,2766,2833,9801,174285
Employee cost0.00463439427282197
EBITDA(972)(1,762)(1,274)(1,349)(800)(284)
EBITDA margin-43.1%-39.0%-25.4%-51.3%-214.3%-
Depreciation68456635816748.9819.62
Interest38036618710817.620.79
Profit before tax(1,829)(2,276)(1,584)(1,472)(784)(199)
Tax4.000.000.000.000.000.00
Net profit(1,833)(2,252)(1,598)(1,397)(784)(192)
Net profit margin-81.4%-49.9%-31.9%-53.1%-209.9%-
EPS (₹)(4.16)(5.16)(8.10)(7.53)(4.01)(1,99,232.00)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital4,4114,4114,9293,7653,7600.02
Reserves & surplus(1,060)732(2,882)(1,381)(70.70)1,998
Shareholders' funds (net worth)3,3515,1432,0192,3563,6611,971
Minority interest0.000.000.000.000.000.00
Secured loans2,0672,9682,3261,61874433.85
Unsecured loans69658838577.5560.258.32
Total debt2,7633,5562,7101,69680442.17
Total liabilities6,3419,0404,9044,1784,4702,015
Assets
Gross block4,4674,3293,1281,4921,122125
Net block2,7813,1542,4911,2191,025104
Capital work in progress1,06770271350783.0042.74
Investments0.0040.0063.722761,102455
Inventories2697846945842843.22
Sundry debtors31.009.0015884.2515.220.38
Cash & bank balances1,5423,5161,6631,5292,0971,366
Loans & advances1,4092,3501,5051,01460344.77
Total current assets3,2516,6594,0213,2112,9991,414
Total current liabilities1,4472,0352,8311,39592697.97
Net working capital1,8044,6241,1901,8162,0731,316
Total assets6,3419,0404,9044,1784,4702,015
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash62.00(112)67.881,23535756.89
Net cash from operating activities(775)(2,391)(633)(1,507)(885)(252)
Net cash from investing activities2,002(2,864)(1,136)(319)(1,322)549
Net cash from financing activities(1,201)5,4291,5906593,0853.15
Net change in cash26.00174(179)(1,167)878300
Closing cash1,5423,5161,6631,5292,0971,366
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth-50.1%-9.9%+90.4%+604.6%--
EBITDA growth+44.8%-38.4%+5.6%-68.5%-181.8%-
PBT growth+19.6%-43.7%-7.6%-87.7%-293.6%+9997.0%
Net income growth+18.6%-41.0%-14.4%-78.2%-307.5%-
Revenue CAGR (3Y)-5.0%+129.5%+1699.3%---
EBITDA CAGR (3Y)-10.4%+30.1%+64.9%---
Profitability & leverage
Net income margin-81.4%-50.4%-31.6%-56.0%-210.0%-
Return on capital employed-0.0%0.0%0.0%0.0%0.0%
Return on net worth-0.0%0.0%0.0%0.0%0.0%
Debt / equity-0.871.010.420.150.02
Long-term debt / equity-0.500.520.220.100.00
Interest cover-22.95-15.72-11.44-7.12-2.07-0.26
Efficiency & per share
Fixed asset turnover-1.212.172.010.600.01
Inventory turnover-6.117.846.062.600.27
Debtors turnover-53.9041.2852.9047.872.26
EPS (₹)(4.16)(5.16)(8.10)(7.53)(4.01)(1,99,232.00)
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)0.0011.66(4.74)2.949.6419,98,028.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.480.780.390.000.660.001.001.00
Revenue growth (YoY)-27.3%--61.0%-100.0%-34.0%---
Other income13.6414.7010.7225.0028.5646.9777.0052.00
Total expenses1.1148.5623.1014.0015.9377.6820.0039.00
EBITDA(0.63)(47.78)(22.71)(14.00)(15.27)(77.68)(19.00)(38.00)
EBITDA margin-131.3%-6125.6%-5823.1%--2313.6%--1900.0%-3800.0%
Depreciation0.920.501.071.001.250.901.001.00
Interest17.7217.8918.5124.0022.6024.0724.0024.00
Profit before tax(5.63)(51.47)(31.57)(14.00)(10.56)(55.68)33.00(11.00)
Tax0.004.330.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2.493.0082.0017028.130.871.79
Revenue growth-17.0%-96.3%-51.8%+504.9%+3133.3%-51.4%-
Other income78.9019212012684.83106129
Total expenses102140221327329201129
Employee cost0.0014.0064.0011080.3414137.45
EBITDA(99.81)(137)(139)(157)(301)(200)(127)
EBITDA margin-4008.4%-4566.7%-169.5%-92.2%-1068.5%--7096.7%
Depreciation3.113.006.007.406.989.405.76
Interest84.6492.002.000.100.180.440.51
Profit before tax(109)(40.00)(27.00)(38.74)(223)(104)(4.50)
Tax4.330.000.000.000.000.000.00
Net profit(113)(40.00)(27.00)(38.74)(223)(96.80)(36.42)
Net profit margin-4537.8%-1333.3%-32.9%-22.8%-791.6%--2034.6%
EPS (₹)(0.26)(0.09)(0.14)(0.20)(1.14)(1,03,690.00)(4,505.10)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital4,4114,4114,9283,7653,7600.020.02
Reserves & surplus6,5116,6067727115882,0962,157
Shareholders' funds (net worth)10,92211,0175,6734,4484,3202,0692,130
Secured loans3215664050.000.000.000.00
Unsecured loans0.000.000.000.000.003.300.00
Total debt3215664050.000.003.300.00
Total liabilities11,24411,5846,0814,4514,3212,0742,135
Assets
Gross block60.9356.8354.0050.2746.7843.6846.11
Net block27.2726.2827.0029.0532.9635.0740.13
Capital work in progress10.484.0911810531.9840.579.22
Investments10,1619,0134,0242,6141,96258920.21
Inventories0.300.233.0014.1313.060.000.00
Sundry debtors5.235.2388.0016.3811.410.080.02
Cash & bank balances8001,8881,2601,2251,8491,3482,040
Loans & advances26061253042324650.2163.38
Total current assets1,0652,5051,8811,6782,1191,3982,103
Total current liabilities61.1959.7611626015178.0344.17
Net working capital1,0042,4461,7651,4181,9681,3202,059
Total assets11,24411,5846,0814,4514,3212,0742,135
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash34.3134.5694.001,19134056.8875.08
Net cash from operating activities104(116)(312)(87.47)(312)(184)(110)
Net cash from investing activities384(5,295)(1,313)(1,066)(1,292)468(1,760)
Net cash from financing activities(330)5,4111,56656.502,454(1.01)1,852
Net change in cash159(0.25)(59.00)(1,097)851283(18.19)
Closing cash8001,8881,2601,2251,8491,3482,040
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-17.0%-96.3%-51.8%+504.9%+3133.3%-51.4%-
EBITDA growth+27.2%+1.4%+11.4%+47.8%-50.3%-57.4%-
PBT growth-171.7%-48.2%+30.3%+82.6%-115.0%-2204.2%+26.0%
Net income growth-182.5%-48.2%+30.3%+82.6%-130.0%-165.8%-
Revenue CAGR (3Y)-75.5%-52.6%+355.1%+356.4%+555.2%--
EBITDA CAGR (3Y)-14.0%-23.0%-11.4%+7.3%+236.8%+2614.3%-
Profitability & leverage
Net income margin-4537.8%-1333.3%-32.9%-22.8%-792.4%--251.4%
Return on capital employed-0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth-0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity-0.060.040.000.000.000.00
Long-term debt / equity-0.040.040.000.000.000.00
Interest cover-82.24-65.71-1.38-0.06-0.06-0.21-0.38
Efficiency & per share
Fixed asset turnover-0.051.573.510.620.020.05
Inventory turnover-2.009.5712.524.310.000.00
Debtors turnover-0.061.5712.254.9017.40179.00
EPS (₹)(0.26)(0.09)(0.14)(0.20)(1.14)(1,03,690.00)(4,505.10)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0024.9813.9513.6313.0120,96,010.0021,57,453.90

Investments & Acquisitions by Ola Electric

Ola Electric has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Etergo.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Etergo
Electric scooter manufacturer
etergo.comAmsterdam, Netherlands2014May 2020••••
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Timeline of Ola Electric

8 dated milestones of Ola Electric across 9 years, from founding to its latest funding, stage changes and deals.

  1. Founded Ola Electric is founded.
  2. Funding First funding round of $57.0M.
  3. Milestone Reaches Minicorn status.
  4. Milestone Reaches Soonicorn status.
  5. Acquisition Acquires Etergo.
  6. Milestone Reaches Unicorn status.
  7. IPO Lists on the stock exchange (IPO).
  8. Funding Latest funding round, Post-IPO, of $81.4M.

Competitors of Ola Electric

Ola Electric has 3 listed competitors in our database, 3 of them funded. They include Ather Energy, Hero Electric and BGauss.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Ather Energy
atherenergy.com2013Bengaluru, India$502.02M1,755
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
Hero Electric
heroelectric.in2007Gurugram, India$129.6M122
Manufacturer offering electric scooters and mobility solutions
BGauss
bgauss.com2020Mumbai, India$24.37M633
Retailer of electric scooters offering test rides, maintenance, and financing
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Detailed competitors of Ola Electric

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Web traffic of Ola Electric

The website of Ola Electric (olaelectric.com) receives about 3.6M visits a month and ranks #16,222 among all websites worldwide, #260 in Vehicles.

  • Monthly visits
    3.6M

    ▼ 8.2% vs previous month

  • Unique visitors
    2.2M

    per month

  • Global rank
    #16,222

    among all websites

  • Category rank
    #260

    Vehicles

Similar websites

Websites whose visitors overlap most with Ola Electric. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
BikeDekho
bikedekho.com
100%
13.5M#3,442View details
BikeWale
bikewale.com
93%
62M#701View details
Ather Energy
atherenergy.com
92%
1.7M#27,273View details
Vida World
vidaworld.com
80%
1.4M#41,645View details
TVS Motor Company
tvsmotor.com
77%
7.4M#10,678View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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All 40 similar websites and full traffic analytics for Ola Electric

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Top companies in Electric & Green Mobility

3 companies that operate in the same segment as Ola Electric (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
BluSmart
Electric ride-hailing and cab services are provided via mobile app.
2019Mumbai, Maharashtra, IndiaUSD 168.52 M
Yulu
Shared electric two-wheelers are rented via an online platform.
2017Bengaluru, Karnataka, IndiaUSD 187.54 MUSD 2.14 M251
Ather Energy
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
2013Bengaluru, Karnataka, IndiaUSD 502.02 MUSD 391.37 M1,917
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Related news about Ola Electric

Ola Electric Warns About Potential Issues With Sales Data After 25,000-Unit Disclosure Under Review.
Exchange Update • 13 days ago
Ola Electric Mobility: Submits Letter For ₹1,000 Crore Rights Issue At ₹27 Per Share
Exchange Update • 14 days ago
Ola Electric Mobility: Company's Board Greenlights ₹1,000 Crore Rights Issue At ₹27 Per Share In 2:25 Ratio, Record Date Set For October 13
Exchange Update • 15 days ago
Ola Electric Mobility: Gets Initial Approval For ₹1,000 Crore Rights Issue, Board To Decide Price And Ratio On October 7
Exchange Update • 16 days ago
Ola Electric: Promoter Bhavish Aggarwal Commits 4.32% Stake To Support Rights Issue Funding.
Exchange Update • 17 days ago
Ola Electric Promoter Bhavish Aggarwal Pledges 4.32% Stake to Fund Rights Issue Participation
Entrackr • 18 days ago
Electric 2-wheeler Sales Cross 15 Lakh In 9 Months As Lower Running Costs Accelerate EV Adoption - Newspaper
Exchange Update • 21 days ago
56% returns in six months! Ola Electric Mobility to raise ₹1,000 crore via rights issue | What we know so far? | Stock Market News
mint • 23 days ago
Ola Electric Approves Rs 1,000 Crore Rights Issue for Existing Shareholders
Viestories • 23 days ago
Ola Electric: Plans Rights Issue Worth ₹1,000 Crore On October 5
Exchange Update • 23 days ago
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Articles about Ola Electric on our blog

Frequently Asked Questions about Ola Electric

Ola Electric was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Ola Electric is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Bhavish Aggarwal is the CEO of Ola Electric, as recorded in our data. They have also founded this company.

Ola Electric is a funded company, having raised a total of $999.91M across 15 funding rounds to date. The company's 1st funding round was a Series C of $200M, raised on Feb 2019.

Ola Electric has 3,326 employees.

The primary company behind Ola Electric, Ola Electric Mobility Limited, reported revenue of ₹2,460 Cr for FY 2026, down 50% year on year.

Ola Electric was founded in 2017 and is headquartered in Bengaluru, India. Electric two-wheeled vehicles, including scooters and motorcycles, are developed and produced by the company for personal transportation. Various models are offered to address diverse consumer requirements. Accessories, charging infrastructure, and battery warranty programs are provided as supporting services. Operations focus on the electric vehicle sector within the mobility industry.

Ola Electric's top competitors include Ather Energy, BGauss and Hero Electric.

Ola Electric offers Ola S1 Pro+, Ola S1 X+, Ola S1 X, Ola S1 Z, and 3 more products and services.

Yes, Ola Electric is publicly traded on NSE under the ticker symbol OLAELEC.

Ola Electric has made 1 acquisition, including Etergo.

Ola Electric has 72 investors. Key investors include SoftBank, Kia, State Bank of India, Hyundai Motor Company, and Mirae Asset.

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