Key Metrics
- No. of Employees6870
- Founded Year 2017
- Company StagePublic Limited Company
- Total Funding₹9,212.07 Cr
- Industry
- Headquarter
- Company StatusListed
About Ola Electric
From a startup in Bangalore to a global brand operating on 3 different continents, Ola has carved itself a name by being India’s largest mobility platform and one of the world’s largest ride-hailing companies. Ola Electric manufactures electric vehicles. The Company produces electric scooter to accelerate the world's transition to sustainable mobility. Ola Electric Mobility serves customers worldwide.
Business Model
Ola Electric operates a business model based on the production and distribution of electric two-wheelers, as well as the development of a charging infrastructure for these vehicles. The company aims to promote sustainable transportation solutions in India and other markets through the use of electric vehicles.
Top Competitors
HE
Hero ElectricU34200DL2010PTC206520
AE
Ather Energy U40100KA2013PTC093769
TM
Tork Motors U34104PN2010PTC135855
UA
Ultraviolette Automotive U34102KA2015PTC084804
ZE
Zypp ElectricU63000HR2017PTC070227
Ola Electric Funding Details
Funding Highlights
Latest Funding RoundDebt Financing
Total Funding Raised₹9,212.07 Cr
No. of Investments Made1
Total No. of Acquisitions1
Lead Investors4
Investors
- SoftBank, Tiger Global, Temasek, Edelweiss
Funding Details
Funding History
Funding Per Year
Investment Company Done
Acquisition Company Done
Ola Electric Financial Details
Financial Highlights
FY 2023-24 Revenue₹5,243.27 Cr
FY 2023-24 Expenses₹6,821.62 Cr
FY 2023-24 Profit/Loss-₹1,584.4 Cr
Net Cash Flow From Operations-₹633.09 Cr
Full Financial Details
Financial Comparison
Revenue Breakdown
Expense Breakdown
Shareholding Structure
Financial Ratio
Ola Electric Key People
People Metrics
Current Core Team1
Board Members/Directors8
Ola Electric Documents