O
Ola Electric
Transportation · Bengaluru, India · Founded 2017 · IPO 2024
Electric two-wheelers manufacturing MoreLess
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
Company overview
Ola Electric company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- Bengaluru, India
- Employees
- 8,711
- Open positions
- None listed
- Dealroom signal
- 82.1
- Investment activity
- 1 companies · latest Jan 2022
- Capital deployed
- $80M
- Preferred round
- SERIES D
Valuation & funding
Ola Electric funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| PRIVATE PLACEMENT NON VCOther financing | Jun 2026 | $0 | — | Undisclosed | ↗ |
| SECONDARYOther financing | Dec 2025 | $0 | — | Undisclosed | ↗ |
| POST IPO EQUITYOther financing | Jun 2025 | $51M | — | Citi | ↗ |
| IPOOther financing | Aug 2024 | — | $4B | Undisclosed | ↗ |
| GROWTH EQUITY VCOther financing | Aug 2024 | $330M | — | Goldman Sachs · BNP Paribas · Sundaram Mutual Fund · Nomura Capital (India) | ↗ |
| DEBTDebt | Apr 2024 | EvolutionX Debt Capital | ↗ | ||
| DEBTDebt | Oct 2023 | State Bank of India | ↗ | ||
| GROWTH EQUITY VCOther financing | Oct 2023 | Temasek | ↗ | ||
| LATE VCOther financing | May 2023 | Undisclosed | ↗ | ||
| LATE VCOther financing | Jan 2022 | Tekne Capital Management · Alpine Investors · Jaws Ventures · Edelweiss | ↗ |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $306M | -50.1% | 8,711 |
| 2025 | $613M | -9.9% | 8,421 |
| 2024 | $680M | +90.4% | 7,078 |
| 2023 | $357M | +604.5% | 5,672 |
| 2022 | $51M | +41391.5% | — |
| 2021 | $122K | — | — |
Growth signals
Ola Electric website traffic
Latest recorded traffic for Ola Electric is 2.4M monthly website visits, down 36.8% over the last three months. Ola Electric's team grew 3.4% over the past year.
Comparisons
Ola Electric compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Capital deployed
Ola Electric investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Talent graph
Ola Electric's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Ola Electric has talent and traffic
team presence
In the news
Latest news about Ola Electric
Recent press, funding announcements, and product moves mentioning Ola Electric — open to read from the original sources.
Market sentiment
What the market is saying about Ola Electric
An AI-synthesized read of the highest-engagement posts about Ola Electric on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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