OLA Electric
The Indian EV market is forecasted to expand from US$ 3.21 billion in 2022 to US$ 113.99 billion by 2029, with a 66.52% CAGR.
OLA Electric is an Electric Vehicle (EV) company dedicated to fostering a brighter, safer, and greener future. It is actively working to position India as the global hub for EVs by establishing an ecosystem comprising innovative products, services, and technology that will shape the next frontier of innovation.
- One of the largest electric vehicle startups in India
- As of March 2024, Ola Electric has published 205 patents registered in India
- Ola Electric valued around Rs. 18,005 crore (US$ 2.04 billion) as of 2025.
- Ola Electric is the first electric vehicle company to sell more than 2,50,000 units in a year.
- Ola Electric reported Q3 FY26 results with revenue of Rs. 504 crore (US$ 57 million).
Innovation In everything we do
| Year | Milestone |
|---|---|
| 2025 |
On December 1, 2025, Ola Electric rolled out a pan-India in-app service appointment feature under its Hyperservice initiative to let customers schedule service slots, track status and manage all service needs within the Ola app, enhancing transparency and convenience in EV servicing. Ola has obtained Compliance Certification under the Production Linked Incentive (PLI) scheme for the automobile and auto components sector, covering its Gen 3 scooter range. This certification, issued by the Automotive Research Association of India (ARAI) on behalf of the Ministry of Heavy Industries, Government of India, applies to all seven Ola S1 Gen 3 scooters. |
| 2024 |
In March 2024, Ola Electric has announced to introduce a consumer-focused electric autorickshaw named Raahi, according to sources. The unveiling is anticipated later this month. In March 2024, Ola Electric, poised for an IPO, has emerged as India's top patent publisher for 2022-23, with 205 patents in EV and related technologies, surpassing rivals. Ola Electric sold 30,219 units in December 2023, showing a growth of 74%. |
| 2023 |
OLA Electric has established a strategic alliance with Buddh International Circuit in Greater Noida for the inaugural MotoGP Bharat event, providing a fleet of S1 scooters for attendees' convenience. Ola Electric raised US$ 385 million (Rs. 3,200 crore) in October 2023 from Temasek-led investors and State Bank of India, as announced Thursday. |
| 2022 |
Ola Electric sells 1,50,000 e-scooters in 2022. In December 2022, Ola Electric unveiled its S1 electric scooter at the ongoing EICMA 2022 exhibition in Milan. The company has also revealed its intention to commence exports of its battery-operated vehicles. |
| 2021 |
Ola Electric secured US$ 200 million in funding with a valuation of US$3 billion. |
| 2020 |
Ola Electric Mobility (OEM) is hired 2,000 individuals worldwide, to expand their market and introduce Electric 2W. |
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