When was Ola Electric founded?

Ola Electric was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is Ola Electric located?

Ola Electric is headquartered in Bengaluru, India. It is registered at Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No. 140, Koramangala VI Bk, Bangalore, Bangalore South, Karnataka, India, 560095.

Which legal entities is Ola Electric associated with?

Ola Electric is associated with Ola Electric Mobility Limited and 2 others.

How many employees does Ola Electric have?

As of Aug 31, 2025, the latest employee count at Ola Electric is 3326.

Is Ola Electric a funded company?

Ola Electric is a funded company, having raised a total of $1B across 15 funding rounds to date. The company's 1st funding round was a $57M Series A round, raised on Feb 26, 2019.

When was the latest funding round of Ola Electric?

Ola Electric's latest funding was a $81.4M Post IPO round on Jun 04, 2026, with participation from 7 investors.

What is the annual revenue of Ola Electric?

Annual revenue of Ola Electric is more than ₹1,000 Cr as on Mar 31, 2026

Is Ola Electric a Electric Vehicles company?

The primary sector of Ola Electric is Electric Vehicles.

Where does Ola Electric rank among its competitors?

Ola Electric ranks 9th amongst 535 active competitors, of which 59 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Ultraviolette, which secured $85M in Sep, 2026.

Who are the top competitors of Ola Electric?

Ola Electric's top competitors include Ather Energy, Gogoro and Ultraviolette. Among them, Ultraviolette secured the most recent funding round in September, 2026.

Ola Electric - 2026 Company Profile, Team, Funding, Competitors & Financials

Sectors and market segments that Ola Electric operate in

Ola Electric serves in the Energy Tech, Auto Tech market segments.The primary business model of Ola Electric are:

Company Details

Manufacturer of electric scooters, motorcycles, and energy storage solutions. They provide various electric two-wheeled vehicles, including scooters and motorcycles, catering to different performance and range requirements. Additionally, the company offers energy solutions, such as battery packs and solar charge controllers, for residential and enterprise use. They also provide accessories, service, and support for their products.

Website: www.olaelectric.com
Social
Email ID: *****@olaelectric.com
Phone Number: +91 **********
Part Of
Registered Address: Wing C, Prestige RMZ Startech, Hosur Road, Municipal Ward No.67, Municipal No. 140, Koramangala VI Bk, Bangalore, Bangalore South, Karnataka, India, 560095

Key Metrics

Founded Year

2017

Location

Bengaluru, India

Stage

Public

Total Funding

$1B in 15 rounds

Latest Funding Round

Post IPO, Jun 04, 2026, $81.4M

Investors

Edelweiss & 73 more

Ranked

9^th among 535 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

3,326 as on Aug 31, 2025

Investment & Acquisitions

StoreDot & 1 more

Similar Companies

Ather Energy & 680 more

Exit Details

Public

View Ola Electric's full profile

Ola Electric is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
Ola Electric Mobility Limited CIN: L74999KA2017PLC099619 , India, Active	Feb 03, 2017	₹1,000+ Cr (As on Mar 31, 2026)	2 (As on Apr 01, 2026)
OLA CELL TECHNOLOGIES PRIVATE LIMITED CIN: U31900KA2022PTC163344 , India, Active	Jul 05, 2022	₹50 - ₹100 Cr (As on Mar 31, 2025)	454 (As on Aug 01, 2025)
OLA ELECTRIC TECHNOLOGIES PRIVATE LIMITED CIN: U34300KA2021PTC142884 , India, Active	Jan 06, 2021	₹1,000+ Cr (As on Mar 31, 2025)	2614 (As on Apr 01, 2026)

Ola Electric got listed on Aug 09, 2024.

Click here to take a look at Ola Electric's IPO in detail

Ola Electric has raised a total funding of $1B over 15 rounds. Its first funding round was on Feb 26, 2019. Its latest funding round was a Post IPO round on Jun 04, 2026 for $81.4M. 7 investors participated in its latest round. Ola Electric has 45 institutional investors and 29 angel investors.

Here is the list of recent funding rounds of Ola Electric:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 04, 2026	$81.4M	Post IPO	-	-	-	Goldman Sachs, BNP Paribas Asset Management, Motilal Oswal Asset Management Company, Mirae Asset, Kotak Mutual Fund, JM Financial, Baroda BNP Paribas Mutual Fund
Jun 12, 2024	$12M	Venture Debt	-	-	-	Alteria Capital
Apr 01, 2024	$49.2M	Venture Debt	-	-	-	EvolutionX

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View details of Ola Electric's funding rounds and investors

The founders of Ola Electric are Anand Shah, Ankit Jain and Abhiraj Kumar Koslia.

Here are the details of Ola Electric's key team members:

Anand Shah: Former Co-Founder of Ola Electric and founder of 3 other companies, EventEdge, OLA Electric and Sarvajal. They are also an angel investor in 5 startups and serve on the board of 1 company.
Contact Info: 3 email addresses
Ankit Jain: Former Co-Founder of Ola Electric and founder of 2 other companies, OLA Electric and StepChange. They serve on the boards of 2 companies.
Contact Info: 3 email addresses and 1 phone number
Abhiraj Kumar Koslia: Founder's Office of Ola Electric.

Ola Electric's Board of Directors

Ola Electric's board has 11 active members. Bhavish Aggarwal and Amit Anchal are part of team and Arun Sarin, Manoj Kumar Kohli, Ananthanarayanan Sankara Narayanan, Sumer Juneja, Subbu Venkata Rama Behara, Krishnamurthy Venugopala Tenneti, Prabhakar Bapusaheb Patil, Shradha Sharma and Jaime Ardila Gomez are independent board members.

Here is the list of Ola Electric's board of directors:

Name	Type	Representing	Status	Duration
Bhavish Aggarwal	Team	-	Current	9y 7m
Ankit Jain	Team	-	Past	0y 10m
Pranay Jivrajka	Team	-	Past	1y 8m
Amit Anchal	Team	-	Past	0y 4m
Manoj Kumar Kohli	Independent board member	-	Current	2y 9m
Subbu Venkata Rama Behara	Independent board member	-	Current	6y 11m
Prabhakar Bapusaheb Patil	Independent board member	-	Current	4y 6m
Shradha Sharma	Independent board member	-	Current	2y 9m
Jaime Ardila Gomez	Independent board member	-	Current	6y 7m
Arun Sarin	Independent board member	-	Past	7y 7m
Ananthanarayanan Sankara Narayanan	Independent board member	-	Past	2y 9m
Sumer Juneja	Independent board member	-	Past	0y 1m
Ankit Bhati	Independent board member	-	Past	0y 3m
Chirag Ramesh Shah	Independent board member	-	Past	0y 9m
Krishnamurthy Venugopala Tenneti	Independent board member	-	Past	5y 11m
Shalabh Seth	Independent board member	-	Past	0y 10m

View details of Ola Electric's Founder profiles and Board Members

Ola Electric's employee count trend

Ola Electric has 3,326 employees as of Aug 25. The total employee count is 16.0% lower than what it was in Aug 24. Here is Ola Electric's employee count trend over the years:

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Top competitors of Ola Electric include Ather Energy, Gogoro and Ultraviolette. Here is the list of Top 10 competitors of Ola Electric, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ather Energy 2013, Bengaluru (India), Public	Manufacturer of smart electric scooters with connected software, charging infrastructure, and ecosystem services	$502M	Hero MotoCorp, NIIF & 40 others	85/100
2nd	Gogoro 2011, Taipei (Taiwan), Public	Platform offering electric scooters and operator of battery swapping networks	$765M	Sumitomo Corporation, Generation Investment Management ... & 15 others	77/100
3rd	Ultraviolette 2016, Bengaluru (India), Series E	Manufacturer of electric motorcycles, components, rider safety equipment, and charging infrastructure	$186M	TVS Motor, Qualcomm Ventures & 50 others	75/100
4th	Oben Electric 2020, Bengaluru (India), Series A	Platform offering two wheeler motorcycle products	$37.6M	India Ev Angels, Stride Ventures & 87 others	75/100
5th	BGauss 2020, Mumbai (India), Series D	Manufacturer of electric scooters designed for urban and developing environments	$42.7M	RR Global, Bharat Value Fund & 18 others	72/100
6th	Simpl Energy 2019, Bengaluru (India), Series B	Manufacturer of electric scooters designed for urban and long-distance travel	$98.9M	Vasavi Green Tech, Srinivas Balajee Enterprise ... & 131 others	67/100
7th	Hero Electric 2007, Gurugram (India), Series B	Manufacturer offering electric scooters and mobility solutions	$130M	GII, Vocean & 54 others	67/100
8th	Motovolt 2019, Kolkata (India), Seed	Manufacturer of electric bicycles mopeds and smart battery powered scooters	$1.92M	WAMI Capital, Sivaswamy Holdings & 22 others	66/100
9th	Ola Electric 2017, Bengaluru (India), Public	Manufacturer of electric scooters, motorcycles, and energy storage solutions	$1B	Goldman Sachs, Temasek & 72 others	65/100
10th	Rideriver 2020, Bengaluru (India), Series C	Manufacturer of electric scooters designed for personal and professional use	$174M	Maniv Mobility, Al-Futtaim & 20 others	65/100

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Looking for more details on Ola Electric's competitors? Click here to see the top ones

Founders own 36.92%, Funds (largest shareholder) own 46.06%, Parent Entities own 4.67% and Enterprises own 3.74%. The net worth of Ola Electric's founders is INR 17,700Cr as of Dec 06, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	36.92%	17,700Cr	4844475	7876402	7669349	2858170
Fund	46.06%	22,100Cr	8994245	1615240	9069004	4117728
Tiger Global Management	10786	33861	79338	96237	21614	52967
Alpha Wave Global	456	372	955	641	248	288
Temasek	6	4	7	7	2	6
Tekne Capital Management	0	0	0	0	0	0
DIG Investment	0	0	0	0	0	0
Alpine Investors	0	0	0	0	0	0
RNT Associates	0	0	0	0	0	0
Edelweiss	0	0	0	0	0	0
Ab Initio Capital	0	0	0	0	0	0
Blue Investment	0	0	0	0	0	0
Sarin Family India	0	0	0	0	0	0
Pawan Munjal Family Trust	0	0	0	0	0	0
VSS Investco	0	0	0	0	0	0
SoftBank	0	0	0	0	0	0
Parent Entity	4.67%	2,240Cr	6065	1844	4293	1427
Enterprise	3.74%	1,790Cr	779	480	702	230
Angel	0.73%	366Cr	0	0	0	0
Barry S Sternlicht	0	0	0	0	0	0
Ashutosh Vinayak Joshi	0	0	0	0	0	0
Karan Danthi	0	0	0	0	0	0
Gaurav Deepak	0	0	0	0	0	0
Rahul Ravindra Raj Mehta	0	0	0	0	0	0
Jasneet Singh	0	0	0	0	0	0
Sumit Nikunj Shah	0	0	0	0	0	0
Ritesh Sidhwani	0	0	0	0	0	0
Farhan Akhtar	0	0	0	0	0	0
Rakesh Aggarwal	0	0	0	0	0	0
Rohan Ramchandani	0	0	0	0	0	0
Zoya Akhtar	0	0	0	0	0	0
NK Aggarwal	0	0	0	0	0	0
Bipin Gupta	0	0	0	0	0	0
Dinesh Purushottam Aggarwal	0	0	0	0	0	0
Brijesh Gupta	0	0	0	0	0	0
Mahimn Sodhani	0	0	0	0	0	0
Nipun Goel	0	0	0	0	0	0
Other People	0.11%	53.2Cr	0	0	0	0
ESOP Pool	7.70%	3,690Cr	1695245	6149207	8666352	5629762
Total	99.93%	47,900Cr	4974191	4630767	5858429	6721121