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Ola Electric

Transportation · Bengaluru, India · Founded 2017 · IPO 2024

Ola Electric is an Indian electric vehicle company that designs and manufactures electric two-wheelers. The company's product line includes the Ola S1, S1 Air, S1X, and S1 Pro electric scooters, which are designed for both personal and commercial use. Ola Electric has established itself as a major player in the Indian electric vehicle market. The company has developed its own lithium-ion cell, the NMC 2170, and is vertically integrated, with in-house design, manufacturing, and sales capabilities. This allows the company to control the entire production process, from the battery to the final product. The company's business model is direct-to-consumer, with sales and service conducted through its website and a network of experience centers across India. Customers can book test rides, purchase scooters, and receive after-sales support through these channels. The company also offers a companion app that allows users to control their scooters and access various features. Keywords: electric vehicles, scooters, lithium-ion cells, direct-to-consumer, Indian market, two-wheelers, sustainable mobility, personal mobility, commercial mobility, EV manufacturing