Ola Electric Mobility Limited is an Indian electric vehicle manufacturer founded in 2017 by Bhavish Aggarwal. Headquartered in Bengaluru, Karnataka, the company was born with a vision of “Mobility for the world, sustainability for the future.” Since its inception, Ola Electric has focused on designing and producing zero-emission two-wheelers, charging infrastructure, and energy storage solutions, aiming to reshape how people commute in urban and rural India alike. With a commitment to innovation and environmental responsibility, the company has quickly risen to become one of the most watched startups in the global electric mobility sector.
| Company Summary |
|---|
| Founded in: 2017 |
| Primary Industry: Automobile |
| Other Industries: Urban Transport |
| India Employee Count: 1k-5k |
| Global Employee Count: – |
| India Headquarters: Bengaluru, Karnataka, India |
| Office Locations: Bengaluru, Karnataka, India |
| Website: www.olaelectric.com |
Its product lineup centers on the Ola S1 series, which includes the S1 Air, S1 X, S1 Pro, and higher-end S1 Pro+ scooters. In 2024, Ola introduced its first electric motorcycle, the Roadster X, and plans to launch additional motorcycle variants later in 2025. Deliveries of the Roadster X began in May 2025, marking Ola’s entry into higher-performance segments and demonstrating its ability to diversify beyond scooters into premium electric two-wheelers. These offerings feature connected-vehicle technology, regenerative braking, and swappable batteries, catering to a range of riders from first-time urban commuters to enthusiasts seeking performance and sustainability.
Manufacturing is concentrated at the Ola Futurefactory in Pochampalli, Tamil Nadu a fully automated, carbon-neutral complex spanning over 500 acres. Phase 1 of the gigafactory produces 4680-format battery cells with an initial capacity of 1 GWh, scalable up to 20 GWh to meet growing demand. Equipped with AI-driven robotics across electrode production, cell assembly, and formation lines, the facility exemplifies Industry 4.0 practices. Its weather-proof design and in-house capabilities for electrodes, cells, and packs ensure vertical integration, quality control, and faster time to market for Ola’s vehicles and energy products.
In the fiscal year ending March 2025, Ola Electric registered sales of 344,005 units, maintaining an approximate 30 percent share of India’s electric scooter market. Production reached 329,000 units in FY 24, underscoring robust manufacturing ramp-up. To support these volumes, Ola operates nearly 800 company-owned retail stores and 431 service centers across the country. Facing service-quality challenges in 2024, the company announced a program to add 10,000 sales and service partners by the end of 2025, deepening its network and improving after-sales support in both urban and rural regions.
Capitalizing its growth ambitions, Ola Electric has raised over $1 billion across 14 funding rounds, with total investment reaching $1.2 billion and a valuation of approximately $5.4 billion. Key backers include SoftBank Vision Fund, Tiger Global Management, Temasek, and SBI, reflecting strong investor confidence. Most recently, the company approved ₹199 crore ($23.3 million) for Ola Cell Technologies, its battery subsidiary, to expand cell manufacturing and EV charging solutions. As Ola prepares for a potential IPO, this financial backing positions it to scale operations, enhance R&D, and invest in charging infrastructure nationwide.
Beyond traditional lithium-ion cells, Ola Electric is pioneering solid-state battery development to achieve higher safety, energy density, and faster charging. Supported by a $100 million investment, the company aims to begin commercial production of its first solid-state cells at Pochampalli in early 2025, with an initial annual capacity of 1.5 GWh. This move seeks to localize advanced cell manufacturing, reduce dependency on external suppliers, and improve lifecycle performance for its two-wheelers, further differentiating Ola’s technological edge in a competitive EV market.
Ola Electric expects its expanding product range particularly the Roadster X series to accelerate electric mobility adoption across India and beyond. With plans to enhance its Hypercharger network, introduce battery-as-a-service options, and develop a robust community ecosystem, Ola aims to make clean transportation accessible to millions. Backed by cutting-edge manufacturing, deep capital reserves, and a clear sustainability mandate, the company is poised to play a central role in India’s transition to an electrified future and potentially emerge as a global leader in two-wheeler EVs.
