Ola Electric
EV & MobilityBengaluru, India
Indian electric two-wheeler manufacturer producing scooters and motorcycles, with in-house cell manufacturing at its Tamil Nadu facility. Listed on Indian stock exchanges in 2024.
Funding
Ola Electric has raised $10.19B across 7 disclosed rounds, most recently a IPO in Aug 2024.
$10.19BRaised
IPOLatest round · Aug 2024
$4.5BValuation
7Events
IPOAug 2024reported
$6.15B
InvestorsPublic issue, NSE and BSE
ValuationListed at $4.5B
Tap any bar to see that round
Listed at $4.5B
Aug 2024IPO$6.15BPublic issue, NSE and BSE Listed at $4.5B
Oct 2023Equity and Debt Round$3.2BTemasek, State Bank of India (project debt) Equity and project debt — valuation $5.4B
Sep 2023Series E$140MTemasek, Blue Investments $5.4B
Jan 2022Series D$200MTekne Private Ventures, Alpine Opportunity Fund, Edelweiss $5B
Sep 2021Series C$200MTemasek, MacRitchie Investments, DIG Investment, 360 One, Falcon Edge Capital $3B
Jul 2019Series B$250MSoftBank $1B
Feb 2019Series A$56MTiger Global, Z47 (Matrix Partners India)
Valuation journey
Price marks from disclosed rounds — Ola Electric has been a unicorn since Jul 2019, last reported at $4.5B (unconfirmed).
◉ Disclosed at round◌ Reported, unconfirmed
IPO · $6.15BAug 2024reported
$4.5B
Step-up0.8× vs Oct 2023
Listed at $4.5B
Tap any mark to see that valuation
Investor roster
Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.
New · Latest leadPublic issue1 round · 2024
Temasek3 rounds · since 2021
NSE and BSE1 round · 2024
Blue Investments1 round · 2023
State Bank of India (project debt)1 round · 2023
Alpine Opportunity Fund1 round · 2022
Edelweiss1 round · 2022
Tekne Private Ventures1 round · 2022
360 One1 round · 2021
DIG Investment1 round · 2021
Falcon Edge Capital1 round · 2021
MacRitchie Investments1 round · 2021
SoftBank1 round · 2019
Tiger Global1 round · 2019
Z47 (Matrix Partners India)1 round · 2019
Aggregated automatically from the disclosed rounds above.
Financials
Revenue and profit after tax as filed with the Registrar of Companies.
Q1 FY27Revenuereported
₹455 Cr
PAT₹336 Cr loss
Growth-80% YoY
Basisconsolidated
Operating revenue down 45 per cent year on year from ₹828 crore. EV registrations down 25 per cent to 43,908 units. Net loss narrowed 21.1 per cent.
Tap any bar to see that year
₹ figures as filed, not restated
Leadership
The Ola Electric journey
Feb 2019 · funding
Series A — $56M, led by Tiger Global.
Mar 2019 · founded
Ola spins out its electric mobility unit as an independent entity, initially led by Anand Shah and Ankit Jain, to run charging, battery-swapping and two- and three-wheeler pilots. ↗
Jul 2019 · funding
Series B — $250M at $1B, led by SoftBank.
Sep 2021 · funding
Series C — $200M at $3B, led by Temasek.
Jan 2022 · funding
Series D — $200M at $5B, led by Tekne Private Ventures.
Sep 2023 · funding
Series E — $140M at $5.4B, led by Temasek.
Oct 2023 · funding
Equity and Debt Round — $3.2B, led by Temasek.
Aug 2024 · funding
IPO — $6.15B at Listed at $4.5B, led by Public issue.
Aug 2024 · ipo
Lists on the NSE and BSE after a ₹6,145.56 crore IPO priced at ₹76 a share. The stock opens at ₹75.99, a marginal discount to the issue price, before trading higher on debut. ↗
May 2026 · milestone
Posts its first operating-cash-flow-positive quarter (Q4 FY26, ₹91 Cr CFO) as gross margin reaches 38.5%. ↗
Jun 2026 · funding
Raises ₹780 crore through a qualified institutional placement, above an initial ₹500 crore target, under an October 2025 board approval to raise up to ₹1,500 crore. ↗
Aug 2026 · milestone
The Ministry of Heavy Industries approves a revised ACC PLI timeline for subsidiary Ola Cell Technologies, securing a five-year window through CY2031 worth up to ₹7,240 crore on its 20 GWh allocation. ↗
Sep 2026 · funding
Board approves a rights issue of partly paid-up equity shares for up to ₹1,000 crore, with about ₹350 crore earmarked for debt repayment and ₹400 crore for organic growth. Bhavish Aggarwal confirms he will subscribe to his entitlement. ↗
Oct 2026 · milestone
Bhavish Aggarwal pledges a 4.32 per cent stake to fund his subscription to the ₹1,000 crore rights issue, ten months after selling shares to clear a promoter loan and release all existing pledges. No shares are sold and the borrowing amount ↗
IPO Watchconfirmed
StatusListed on NSE & BSE since Aug 2024
The ₹780 crore QIP flagged after Q4 FY26 was completed in the June 2026 quarter. ₹304 crore of IPO proceeds remained unutilised as at 30 June 2026. Source ↗
The rest of Ola Electric's profile is free
Every funding round with its source, verified financials, leadership and the full journey timeline — sign in once and it stays unlocked.
One tap. No newsletter unless you ask for it.
Latest on Ola Electric
EV & Mobility
Bhavish Aggarwal Has Pledged 4.32% Of Ola Electric To Fund His Rights Issue Subscription
6 OCT 2026 · 4 MIN READ
EV & Mobility
Ola Electric Will Raise Up To ₹1,000 Crore Through A Rights Issue
29 SEPT 2026 · 4 MIN READ
EV & Mobility
Ola Electric's Market Share Rose In August Because Everyone Else Fell Harder
1 SEPT 2026 · 4 MIN READ
EV & Mobility
Ola Electric's ₹95.8 Crore PLI Cheque Arrives As Revenue Falls And Cash Keeps Burning
31 AUG 2026 · 5 MIN READ
Funding
Ola Electric Raises ₹780 Crore via Oversubscribed QIP to Accelerate EV Manufacturing and Gigafactory Expansion
5 JUN 2026 · 2 MIN READ
Lite Updates
Ola Electric Approves ₹2,000 Crore Investment in Vehicle and Cell Manufacturing Subsidiaries Ahead of Q4 Results
16 MAY 2026 · 2 MIN READ
Also in EV & Mobility
Simple EnergyEV / Electric Two-Wheelers
Omega Seiki MobilityEV Manufacturing / Commercial Vehi
Battery SmartEV / Battery Swapping
Yuma EnergyBattery SwappingFrequently Asked
What is Ola Electric?
Indian electric two-wheeler manufacturer producing scooters and motorcycles, with in-house cell manufacturing at its Tamil Nadu facility. Listed on Indian stock exchanges in 2024.
Who founded Ola Electric?
Bhavish Aggarwal is the founder or leader of Ola Electric on record at StartupFox.
How much funding has Ola Electric raised?
Ola Electric has raised $10.19B across 7 disclosed rounds. The most recent was a $6.15B IPO in Aug 2024.
Who are Ola Electric's investors?
Disclosed investors in Ola Electric include Public issue, NSE and BSE, Temasek, State Bank of India (project debt), Blue Investments, Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, MacRitchie Investments, DIG Investment, 360 One, Falcon Edge Capital.
What is Ola Electric's valuation?
Ola Electric was last reported at Listed at $4.5B, at the time of its IPO in Aug 2024.
Is Ola Electric profitable?
Per its Q1 FY27 consolidated filing, Ola Electric reported ₹455 Cr in revenue, with a ₹336 Cr loss.
What is the status of the Ola Electric IPO?
Listed on NSE & BSE since Aug 2024.
What is the latest news on Ola Electric?
The most recent StartupFox coverage is “Bhavish Aggarwal Has Pledged 4.32% Of Ola Electric To Fund His Rights Issue Subscription” (6 October 2026). All stories are listed on this page.
Sources & updates
This profile is compiled by the StartupFox desk from company announcements, regulatory and exchange filings (RoC/MCA, NSE/BSE) and our own reporting. 0 of 7 funding rounds link to a named source.
- Last updated
- How we verify
- Sourcing standards
- Spot an error?
- Request a correction