O
Ola Electric
Electric two-wheelers manufacturing
About Ola Electric
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.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 2017
- Headquarters
- Bengaluru, India
- Listing
- IPO 2024
- Employees
- 8,711
- Open positions
- None listed
- Dealroom signal
- 82.1/100
- Industry
- Transportation
- Sub-industry
- Vehicle Production
- Sector
- Transportation, E-Scooters, Micromobility, Sustainable Development Goals, Urban Tech, Became $1B as Subsidiary, Climate Tech, Electric Mobility, EV Manufacturing, Hard Tech
- Business model
- Manufacturing
- Client focus
- b2c
- Investment activity
- 1 company, latest Jan 2022
- Capital deployed
- $80M
- Preferred round
- SERIES D
Knowledge graph
More headlines
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 | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth |
|---|---|---|
| 2026 | $306M | -50.1% |
| 2025 | $613M | -9.9% |
| 2024 | $680M | +90.4% |
| 2023 | $357M | +604.5% |
| 2022 | $51M | +41391.5% |
| 2021 | $122K | — |
Growth signals
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.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A7 investors entered at this stage
Z47
Tiger Global- TSTata Sons
SoftBank
Hyundai Motor Company
Kia Motors- PTPawan Munjal Family Trust
Series B and later22 investors entered at this stage
Bank of Baroda
Alpha Wave Global
Temasek- TMTekne Capital Management
Alpine Investors- JVJaws Ventures
Edelweiss
State Bank of India
EvolutionX Debt Capital
Goldman Sachs
BNP Paribas
Sundaram Mutual Fund- N(Nomura Capital (India)
Fidelity Investments
Kotak Mahindra Life Insurance
Franklin Templeton Investments
HDFC Mutual Fund
Bharti AXA Life Insurance
SBI Mutual Fund
Nippon India Mutual Fund
Bandhan Mutual Fund
Citi
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Ola Electric on X, ranked by likes and reposts, corporate channels excluded.
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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