Founded
2017
Team Size
3000
Total Funding
₹2,205 Cr
Valuation
₹5,000 Cr
Ola Electric is India's largest electric two-wheeler manufacturer. The company aims to accelerate India's transition to electric mobility with affordable, innovative electric vehicles.
Core Differentiator
Vertically integrated manufacturer with proprietary battery technology and India's first hypercharger network for two-wheelers
Target Market
Mass-market Indian two-wheeler buyers seeking affordable electric alternatives
Key Innovation
In-house battery cell manufacturing and high-speed charging infrastructure tailored for Indian conditions
Vertical integration from battery cells to vehicle assembly enabling 30-40% cost advantages over competitors relying on imported components
Hypercharger network creating geographic density that attracts more customers and justifies further infrastructure investment
Leverage of Ola brand equity and first-mover advantage in mass-market EV segment creating strong consumer recall
Proprietary charging ecosystem and integrated app experience create moderate lock-in for customers
₹755 Cr
Total Raised
4
Rounds
Post IPO
Latest · Mar 10, 2024
Backed by
Unlock the full funding history below — every round's amount, valuation & investors.
Series E
2021-07-05
₹750 Cr
Investors
Conventional Debt
Jan 05, 2026
₹5 Cr
Post IPO
Mar 10, 2024
N/A
Post IPO
Jan 05, 2026
N/A
Ola Electric unveils full-stack energy storage portfolio from home to grid
Ola Electric Unveils Three New Energy Storage Products
Ola Electric looks beyond scooters, unveils new products in Shakti portfolio
Ola Electric secures 5-year PLI window, to get upto Rs 7,240cr in incentives
Ola Electric Eyes Up To ₹7,240 Cr Battery Cell PLI Incentives After Timeline Revision
Ola Electric gets two-year extension on cell-manufacturing PLI milestones
Annual Revenue
₹1,200 Cr
Growth Rate
220.5%
Funding Rounds
4