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 an IPO 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%.
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.
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.
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.
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 is not disclosed.
Bhavish Aggarwal is the Founder of Ola Electric, an ev & mobility company based in Bengaluru, founded in 2017.
StartupFox's company records list Bhavish Aggarwal as Founder of Ola Electric.
Ola Electric is headquartered in Bengaluru, India.
StartupFox has published 3 stories naming Bhavish Aggarwal; the most recent is “Bhavish Aggarwal Has Pledged 4.32% Of Ola Electric To Fund His Rights Issue Subscription”.
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