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Ola Electric

  • BVC Midstream, Cell Manufacturing, EV Integration, Module & Pack Manufacturing
  • EV Batteries, Lithium-Ion Battery, Sodium-Ion Battery, Solid-State Battery

Founded in 2017 by Bhavish Aggarwal, Bengaluru-based Ola Electric is a leading Indian electric vehicle manufacturer. Specializing in electric two-wheelers and motorcycles, it utilizes advanced battery technologies like proprietary 4680 “Bharat” cells. With extensive retail networks and significant investments, Ola Electric drives sustainable transportation in India.

Company Location

Country:

India

City:

Bengaluru

Contact details

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Company Overview

Ola Electric Mobility Ltd., founded in 2017 by Bhavish Aggarwal, is an electric two-wheeler manufacturer based in Bengaluru, India. It designs and produces sustainable vehicles like the S1 series scooters and electric motorcycles, operating automated Futurefactory facilities and over 4,000 retail stores.

Battery Technology

Develops indigenous 4680 lithium-ion “Bharat” cells with 5× the energy density of 2170 cells at its Tamil Nadu Gigafactory (production from FY26). Advancing solid-state battery research (target before 2030) and sodium-ion alternative development via its Battery Innovation Center.

Products

S1 series electric scooters; third-generation S1 range (launched 2025) with mid-drive motors and dual ABS; Gig and S1 Z series (₹39,999–₹64,999) with deliveries from 2025; upcoming electric motorcycles.

Recent Projects

Captured 25% of India’s electric two-wheeler market share (2025); launched third-generation S1 range (four new models) with mid-drive motors and dual ABS; expanded service network to 600 outlets (2025); introduced 8-year battery warranty across all models.

Investors

Investors include SoftBank ($250M in 2019), Tiger Global, Matrix India, Ratan Tata, Falcon Edge ($200M in 2021), and Temasek. In 2023, the company secured $380M in financing ($140M equity and $240M debt), and in 2024, it raised ₹55B through its IPO.
Recommended:
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  2. Yadea Launches Sodium-Ion Batteries in Electric Scooters
  3. Kalaari Capital

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