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.
4StartupFox stories
2017Founded
EV & MobilitySector
Sept 2026Latest coverage
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
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%. ↗
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. ↗
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 ↗
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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 $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 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's Market Share Rose In August Because Everyone Else Fell Harder” (1 September 2026). All stories are listed on this page.
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