 | |
 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 Air S1 Pro |
Production output |  329,000 (FY24)[1] |
| Services |
|
| Revenue | ₹5,009 crore (US$600 million) (FY24)[1] |
 ₹−1,584 crore (US$−190 million) (FY24)[1] | |
| Owners |
|
Number of employees | 3,733 (October 2023)[4] |
| Website | olaelectric |
Ola Electric Mobility is an Indian electric two-wheeler manufacturer, based in Bangalore. It has a manufacturing facility located in Krishnagiri, Tamil Nadu. In 2023, the company led the electric scooter market in India, with a 30% share.[5]
Currently, it offers an electric scooter named Ola S1 in three variants named Ola S1 Air, Ola S1X and S1 Pro. The company plans to launch its electric motorcycle models in 2025.[6]
- ^ a b c "IPO-Bound Ola Electric's FY24 Net Loss Widens To INR 1,584 Cr, Revenue Jumps 90%". Inc42. 27 July 2024.
- ^ "Statement showing shareholding pattern of the Promoter and Promoter Group". BseIndia. 16 August 2024.
- ^ "Statement showing shareholding pattern of the Public shareholder". BseIndia. 16 August 2024.
- ^ "Ola Electric planning to layoff 400-500 employees to streamline operations". Business Standard. Retrieved 2 August 2024.
- ^ "Ola Electric eyes IPO filing by Oct-end to raise up to $700 mn: Report". Business Today. 2023-09-20. Retrieved 2023-09-21.
- ^ Choudhary, Govind (15 August 2024). "Ola Electric Roadster, Roadster X and Roadster Pro e-bikes launched, starting at ₹74,999: Range, features and more". Mint. Retrieved 15 August 2024.