Ola Electric
IPOElectric Scooter and EV Bike in India
Public · Bengaluru, India · Founded 2017 · $306.0M raised
- Headquarters
- Bengaluru
- Employees
- 501–1000
- Founded
- 2017
- Business Model
- B2C
- Website
- olaelectric.com
- Total Funding
- $306.0M
- Last Round
- $250.0M Series BJul 2019
- Rounds
- 2
- Type
- Public
About
Ola Electric was founded in 2017 by Bhavish Aggarwal and is headquartered in Bengaluru, India. The company operates one of the world's largest EV manufacturing facilities (Futurefactory) in Krishnagiri, Tamil Nadu. It produces the S1 series of electric scooters and has expanded into electric motorcycles and energy storage (Ola Shakti). Ola Electric went public on the BSE/NSE in August 2024.
Summary
Ola Electric is a Clean Energy company based in Bengaluru, India, founded in 2017. It has raised $306.0M in total across 2 rounds, most recently a $250.0M Series B round in Jul 2019. Investors include SoftBank.
Tech & App Stack
2 technologies & apps tracked
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Funding History
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Jul 2019
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Series A through Series B — per-round amounts, valuations, and who invested in each round.
Investors
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