Ola Electric
Ola Futurefactory | |
| Company type | Public |
|---|---|
| NSE: OLAELEC BSE: 544225 | |
| Industry | Electric vehicles |
| Founded | 2017 |
| Founder | Bhavish Aggarwal |
| Headquarters | , India |
Area served | India |
Key people | Bhavish Aggarwal (CEO) Anand Shah (Co-founder) |
| Products | S1 X S1 X+ S1 Pro S1 Pro+ Roadster X Roadster X+ |
Production output | 329,000 (FY24) |
| Services |
|
| Revenue | ₹5,009 crore (US$590 million) (FY24) |
| ₹−1,584 crore (US$−190 million) (FY24) | |
| Owners |
|
Number of employees | 3,733 (October 2023) |
| Website | olaelectric |
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.
The company also produces battery cells at its manufacturing facility in Tamil Nadu, which supplies energy storage solutions for its vehicles and other applications. As of 2023, the company led the electric scooter market in India, with a 30% share. It also plans to launch its electric motorcycle models in 2025.