About Ola Electric
Ola Electric is a company based in Bengaluru (India) founded in 2017 by Bhavish Aggarwal. Ola Electric has raised $1 billion across 14 funding rounds from investors including SoftBank, Kia and State Bank of India. The company has 13,730 employees as of March 31, 2024. Ola Electric has completed 1 acquisition, including Etergo. Ola Electric offers products and services including Ola S1 Pro+, Ola S1 X+, Ola S1 X, Ola S1 Z, and Roadster X. Ola Electric operates in a competitive market with competitors including Ather Energy, Gogoro, Hero Electric, BGauss and River, among others.
- Headquarter Bengaluru, India
- Employees 13730 as on 31 Mar, 2024
- Founders Bhavish Aggarwal
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Ola Electric Mobility Limited
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Annual Revenue
$482.71 M (USD)-16.05as on Mar 31, 2025
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Net Profit
-$266.41 M (USD)-43.65as on Mar 31, 2025
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EBITDA
-$246.51 M (USD)-57.71as on Mar 31, 2025
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Total Equity Funding
$1 B (USD)
in 14 rounds
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Latest Funding Round
$11.97 M (USD), Debt – Conventional
Jun 12, 2024
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Investors
SoftBank
& 58 more
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Employee Count
13730
as on Mar 31, 2024
- Investments & Acquisitions
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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.
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.
High-performance scooter with long range and fast acceleration for urban commuting.
Affordable scooter offering efficient range and speed for daily rides.
Budget-friendly model with portable batteries for flexible urban travel.
Compact scooter designed for short trips with easy battery swapping.
Powerful motorcycle for high-speed rides with extended range capabilities.
Advanced motorcycle featuring enhanced performance and battery options.
Versatile motorcycle for city and highway use with reliable efficiency.
People of Ola Electric
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Software Development Team
24 people
Product Management Team
10 people
Principal Team
6 people
Leadership Team
5 people
Sales and Marketing
5 people
Senior Team
5 people
Finance and Accounting
4 people
Creative and Marketing Team
4 people
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Funding Insights of Ola Electric
Ola Electric has successfully raised a total of $1B across 14 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $11.97 million completed in June 2024. 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.
Investors in Ola Electric
Ola Electric has secured backing from 59 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include SoftBank, Kia and State Bank of India.
| Investor | Description | Founded Year | Domain | Location |
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Private debt fund focused on growth-stage technology companies
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An investment platform is provided for diverse sectors and geographies.
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Venture and private equity investments are managed with global diversification.
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Investor details for Ola Electric
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Investments & Acquisitions by Ola Electric
Ola Electric has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Etergo.
Investment portfolio details for Ola Electric
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Electric scooter manufacturer
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Locked | Locked | 2014 | Locked |
Complete acquisition details for Ola Electric
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Financial Statements - Ola Electric
Detailed financials for Ola Electric
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Ola Electric Comparisons
Peer comparison for Ola Electric
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Competitors of Ola Electric
Ola Electric operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ather Energy, Gogoro, Hero Electric, BGauss and River, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
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Electric scooters are developed and battery swapping networks are operated.
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Manufacturer offering electric scooters and mobility solutions
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Retailer of electric scooters offering test rides, maintenance, and financing
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Electric scooters are designed and produced for urban mobility.
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Detailed competitors of Ola Electric
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Ola Electric
Complete news archive for Ola Electric
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- Source and publication date
- Older coverage
- Brand-specific news history
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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 current CEO of Ola Electric. They have also founded this company.
Ola Electric is a funded company, having raised a total of $1B across 14 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Ola Electric is 13,730.
Annual revenue of Ola Electric is $482.71M as on Mar 31, 2025.
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 59 investors. Key investors include SoftBank, Kia, State Bank of India, Hyundai Motor Company, and 360 One.
The ticker symbol of Ola Electric is OLAELEC on NSE.
The valuation of Ola Electric is $5.75B as of Dec 2023.