Founder of Ola Electric, an ev & mobility company based in Bengaluru.
Bhavish Aggarwal is Founder of Ola Electric, an ev & mobility company based in Bengaluru, founded in 2017. Ola Electric's most recent disclosed round was a funding round of ₹6146 crore in Aug 2024.
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.
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.
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.
Posts its first operating-cash-flow-positive quarter (Q4 FY26, ₹91 Cr CFO) as gross margin reaches 38.5%.
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.
