Ola Electric Mobility Ltd., founded in 2017 by Bhavish Aggarwal, has established itself as a prominent electric vehicle manufacturer in India. Operating from Bengaluru, the company designs and produces electric two-wheelers, focusing on performance and sustainability. Their product lineup includes the S1 series scooters and recently announced electric motorcycles, making sustainable transportation accessible to Indian consumers. Through automated manufacturing facilities like the Futurefactory and extensive network of over 4,000 retail stores, Ola Electric maintains control over production quality while ensuring widespread availability of its vehicles.
Battery Technology
Ola Electric’s technological foundation centers on its advanced battery developments, particularly the indigenous 4680 lithium-ion cells, branded as “Bharat” cells. These cells deliver five times higher energy density compared to traditional 2170 cells, enabling improved range and performance. The company’s Gigafactory in Tamil Nadu serves as the primary manufacturing hub for these cells, with production scheduled to begin in FY26.
The company is also advancing solid-state battery research, aiming to implement this technology before 2030. These batteries promise enhanced safety features, faster charging capabilities, and extended lifespans. Additionally, Ola Electric explores sodium-ion battery development as a cost-effective alternative to conventional lithium-ion solutions.
To support these innovations, Ola Electric operates a dedicated Battery Innovation Center, focusing on cell development and optimization. The facility enables continuous improvements in battery performance, safety, and manufacturing efficiency, supporting the company’s goal of vertical integration in the electric vehicle supply chain.
Recent Projects
In January 2025, Ola Electric captured 25% of India’s electric two-wheeler market share. The company launched its third-generation S1 range, introducing four new scooters with enhanced features like mid-drive motors and dual ABS. Their newest offerings include the affordable Gig and S1 Z series, priced between ₹39,999 and ₹64,999, with deliveries starting in April 2025.
The company continues expanding its service network, targeting over 600 outlets by April 2025. Additionally, Ola Electric now provides an 8-year battery warranty across all models, reinforcing customer confidence in their products.
Investors
Ola Electric has attracted significant investment from global venture capital firms and industry leaders. Notable investors include SoftBank, which contributed $250 million in 2019, Tiger Global, Matrix India, and Ratan Tata. The company raised $200 million in 2021 from Falcon Edge and additional funding from Temasek. In 2023, they secured $380 million ($140 million equity, $240 million debt) for their battery manufacturing facility. Their most recent fundraising achievement includes a ₹5,500 crore IPO in August 2024.
Business Details
Location: Bengaluru, India
Website: https://olaelectric.com
LinkedIn: https://www.linkedin.com/company/14567222
