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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.

2StartupFox stories
2017Founded
EV & MobilitySector
Jun 2026Latest coverage

Funding

Ola Electric has raised $10B across 7 disclosed rounds.

$10BRaised
$6.15BLatest round
$4.5BValuation
7Events
RoundAug 2024reported
$6.15B
InvestorsPublic issue, NSE and BSE
ValuationListed at $4.5B
Tap any bar to see that round
Listed at $4.5B
Aug 2024Round$6.15BPublic issue, NSE and BSE Listed at $4.5B
Oct 2023Round$3.20BTemasek, State Bank of India (project debt) Equity and project debt — valuation $5.4B
Sep 2023Round$140MTemasek, Blue Investments $5.4B
Jan 2022Round$200MTekne Private Ventures, Alpine Opportunity Fund, Edelweiss $5B
Sep 2021Round$200MTemasek, MacRitchie Investments, DIG Investment, 360 One, Falcon Edge Capital $3B
Jul 2019Round$250MSoftBank $1B
Feb 2019Round$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).

$1.5B$3B$4.5B$6B $1B$3B$5B$5.4B$5.4B$4.5B JUL 2019SEP 2021JAN 2022SEP 2023OCT 2023AUG 2024
◉ Disclosed at round◌ Reported, unconfirmed
Round · $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.

FY26Revenuefiled
₹2,253 Cr
PAT₹1,833 Cr loss
EBITDA
Growth-50% YoY
Basisconsolidated
"Reset year" — 173,794 deliveries; gross margin 30.6%; first operating-cash-flow-positive quarter in Q4; QIP fundraise proposed
Tap any bar to see that year
₹ figures as filed, not restated

Leadership

BABhavish AggarwalFounder

The Ola Electric journey

2017 · founded
Founded in Bengaluru by Bhavish Aggarwal.
Feb 2019 · funding
Round — $56M, led by Tiger Global.
Jul 2019 · funding
Round — $250M at $1B, led by SoftBank.
Sep 2021 · funding
Round — $200M at $3B, led by Temasek.
Jan 2022 · funding
Round — $200M at $5B, led by Tekne Private Ventures.
Sep 2023 · funding
Round — $140M at $5.4B, led by Temasek.
Oct 2023 · funding
Round — $3.20B, led by Temasek.
Aug 2024 · funding
Round — $6.15B at Listed at $4.5B, led by Public issue.
May 2026 · milestone
Posts its first operating-cash-flow-positive quarter (Q4 FY26, ₹91 Cr CFO) as gross margin reaches 38.5%. ↗
IPO Watchconfirmed
StatusListed on NSE & BSE since Aug 2024
Pursuing a qualified institutional placement (QIP) for liquidity and capex; shareholder approvals obtained. Source ↗

The rest of Ola Electric's profile is free

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Latest on Ola Electric

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

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Frequently 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?

Ola Electric is associated with Bhavish Aggarwal.

How much funding has Ola Electric raised?

Ola Electric has raised $10B across 7 disclosed rounds. The most recent was a $6.15B round 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 round in Aug 2024.

Is Ola Electric profitable?

Per its FY26 consolidated filing, Ola Electric reported ₹2,253 Cr in revenue, with a ₹1,833 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 “Ola Electric Raises ₹780 Crore via Oversubscribed QIP to Accelerate EV Manufacturing and Gigafactory Expansion” (5 June 2026). All stories are listed on this page.