About Ola Wheels
Ola Wheels is a company based in India founded in 2017. It operates as a B2C. The company has 658 employees. Ola Wheels operates in a competitive market with competitors including Ecoryds, Hover, Qquick, Bikers Enclave and ElekGo, among others.
- Headquarter India
- Employees 658
- SectorsTransportation, Automotive & Logistics
- Website olawheels.com
- Social X Facebook
- Legal Name Ani Technologies Private Limited
- Date of Incorporation 03 Dec, 2010
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2,204 Cr
FY 2024 · -3% YoY
- Net Loss-₹328 Cr
FY 2024 · -15% margin
- EBITDA₹78.09 Cr
FY 2024 · 4% margin
- Employee Count658
Associated legal entities of Ola Wheels
Ola Wheels operates through Ani Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ani Technologies Private Limited CIN U72900KA2010PTC086596 | Active | 03 Dec 2010 | Bangalore, Karnataka | ₹2,204 Cr | 415 | 7 | View details |
Board of directors of Ani Technologies Private Limited (Ola Wheels)
Ani Technologies Private Limited is the primary company behind Ola Wheels. The board of Ani Technologies Private Limited currently have 6 directors; the longest-serving is Bhavish Aggarwal, appointed in 2010. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhavish Aggarwal DIN 03287473 | Managing Director | 03 Dec 2010 | 15 yrs 10 mo | Ani Technologies Private Limited |
| Avnish Bajaj DIN 00281547 | Nominee Director | 12 Nov 2013 | 12 yrs 10 mo | Ani Technologies Private Limited |
| Arun Sarin DIN 01384344 | Director | 06 Jul 2015 | 11 yrs 3 mo | Ani Technologies Private Limited |
| Krishnamurthy Venugopala Tenneti DIN 01338477 | Director | 19 Jan 2017 | 9 yrs 8 mo | Ani Technologies Private Limited |
| Sumer Juneja DIN 08343545 | Nominee Director | 04 Apr 2019 | 7 yrs 6 mo | Ani Technologies Private Limited |
| Sachin Bhatia DIN 08507514 | Nominee Director | 16 Apr 2025 | 1 yr 5 mo | Ani Technologies Private Limited |
Financials of Ola Wheels
Figures of Ani Technologies Private Limited, the primary company behind Ola Wheels, for FY 2024. Revenue was ₹2,204 Cr (-3% year on year). Net loss was -₹328 Cr (-15% margin). EBITDA was ₹78.09 Cr (4% margin). Revenue has grown at a compounded annual rate of +24% over three years and -5% over five years.
- ₹2,204 CrRevenue · FY 2024 · -3% YoY
- -₹328 CrNet loss · -15% margin
- ₹78.09 CrEBITDA · 4% margin
- ₹5,839 CrPaid-up capital
- 415Employees (provident fund records)
- +24%Revenue CAGR, 3 years
- -5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ani Technologies Private Limited are on its company page.
Detailed financial statements for Ola Wheels
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- Statement rows
- Financial ratios
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Competitors of Ola Wheels
Ola Wheels 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 Ecoryds, Hover, Qquick, Bikers Enclave and ElekGo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ecoryds.in | 2023 | Bhubaneswar, India | – | – | Ecoryds offers an online platform for renting electric scooters, promoting convenient urban mobility. | |
| hover.gg | 2020 | New York, United States | – | – | Solutions for online streaming management are provided to gamers. | |
| qquick.in | 2018 | Delhi, India | – | – | Operates a station-based electric scooter sharing service for convenient urban mobility. | |
| bikersenclave.com | 2015 | Bengaluru, India | – | – | An online platform for bike rentals, providing convenient access to vehicles for users. | |
| elekgo.com | 2022 | Ahmedabad, India | – | – | Provides an app-based rental service for electric kick-scooters, promoting sustainable urban mobility. | |
| e-scootmobility.com | 2022 | Ghaziabad, India | – | – | Offers electric scooter rental solutions for urban mobility. | |
| alohago.bike | 2019 | Gurugram, India | – | – | App-based platform for convenient e-bike rentals. |
Detailed competitors of Ola Wheels
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Similar companies to Ola Wheels
10 companies that operate in the same segment as Ola Wheels (Two Wheeler Rental Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Financial services encompassing loans, investments, and insurance are delivered in India. | 1979 | Mumbai, Maharashtra, India | – | USD 1.94 B | – | |
Manufactures and markets retro-inspired motorcycles with modern features. | 1929 | Pune, Maharashtra, India | – | USD 83.25 M | 100 | |
E-bike rental services are provided for delivery workers by Whizz. | 2022 | New York, New York, United States | USD 15.4 M | – | – | |
Offers bike listings, prices, reviews, and comparisons for consumers. | 2012 | Mumbai, Maharashtra, India | – | – | – | |
Manufactures electric two-wheelers and three-wheelers for personal and commercial use in India. | 1980 | Delhi, Delhi, India | – | USD 44.57 M | 272 | |
Produces electric scooters and bikes for eco-friendly transportation solutions. | 2016 | Nashik, Maharashtra, India | – | USD 11.43 M | 21 | |
Manufactures electric rickshaws and two-wheelers for sustainable transportation in India. | 2011 | Delhi, Delhi, India | – | USD 46.34 M | 85 | |
Provides online on-demand motorbike rental services for convenient urban mobility. | 2015 | Hyderabad, Telangana, India | USD 673.64 K | USD 282.23 K | 15 | |
Offers a platform for aggregating local and outstation cab services. | 2008 | Dehradun, Uttarakhand, India | – | – | – | |
Manufactures tyres for motorcycles, scooters, bicycles, and e-vehicles in India. | 1968 | Delhi, Delhi, India | – | USD 78.34 M | 1,617 |
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Frequently Asked Questions about Ola Wheels
Ola Wheels was founded in 2017.
Ola Wheels is headquartered in India.
Ola Wheels has 658 employees.
The primary company behind Ola Wheels, Ani Technologies Private Limited, reported revenue of ₹2,204 Cr for FY 2024, down 3% year on year.
Ola Wheels operates an app-based platform for electric self-balancing scooter rentals through providing transportation services, sharing economy, providing rental services, and electric scooters. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Ola Wheels operates through Ani Technologies Private Limited.
The legal entities of Ola Wheels currently have 7 directors, including Sumer Juneja, Bhavish Aggarwal, Avnish Bajaj and others.