Startup Profile

Ola Electric

Legal entity: Ola Electric Mobility Limited

Indian electric scooter manufacturer

ManufacturingListedHardware / IoT· Bengaluru, Karnataka· Est. 2017Website ↗

Ola Electric Mobility Limited is an Indian electric vehicle manufacturer headquartered in Bengaluru. Founded in 2017 by Bhavish Aggarwal, the company designs and manufactures electric two-wheelers, including the Ola S1 in three variants named Ola S1 Air, Ola S1X and S1 Pro. It has its manufacturing facility located in Krishnagiri, Tamil Nadu.

Funding raised

₹14000.00 Cr

Total disclosed

Latest valuation

—

Most recent round

Latest revenue

₹380.00 Cr

FY FY26

Employees

—

FY FY26

Founders

Bhavish Aggarwal
Indian chief executive officer

Financials

MCA / self-reported

Fiscal year	Revenue	Profit / (Loss)	Employees
FY26	₹380.00 Cr	—	—
FY25	₹366.00 Cr	—	—
FY24	₹187.00 Cr	—	—
FY23	₹108.00 Cr	—	—
FY22	₹18.00 Cr	—	—
FY21	₹1.00 Cr	—	—
Latest (Wikipedia)	₹5009.00 Cr	—	3,733

The full story

Rich-text rendering of long_story is wired in the design pass.

Timeline

2026-05-27Ola Electric gets regulatory approval for commercial e-scooter launch — [YourStory] The vehicle appears to be based on Ola Electric's existing S1 platform, configured for commercial use cases such as food delivery, quick-commerce logistics and urban fleet operations.
2020-01-012020, present — In May 2020, Ola Electric acquired Etergo, an Amsterdam-based crowdfunded electric scooter manufacturer, for €3.75 million in a distress sale. Ola Electric announced that it would launch its own line of electric scooters in India by 2021.
2017-01-012017, 2019 — Ola Electric was established in 2017 as a wholly owned subsidiary of ANI Technologies, the parent entity of Ola Cabs. The company was started to reduce emission and fuel dependency of Ola's cabs, and shift to mass electric mobility; a pilot program was launched in Nagpur in May 2

Data sources

seed-list + NSE↗ · last fetched 2026-05-28
Screener.in↗ · last fetched 2026-05-28
Editorial (press release)↗ · last fetched 2026-05-28
Editorial (press release)↗ · last fetched 2026-05-28
DPIIT (Startup India)↗ · last fetched 2026-05-28
Wikipedia↗ · last fetched 2026-05-28
Wikidata↗ · last fetched 2026-05-28
News RSS (Inc42 / YourStory / Entrackr)↗ · last fetched 2026-05-28
Screener.in↗ · last fetched 2026-05-28
NSE filings↗ · last fetched 2026-05-28