Startup Atlas · Automotive

Ola Electric Listed

Ola Electric Mobility Limited ● Bengaluru, Karnataka ● Founded 2017 ● olaelectric.com ↗

Ola Electric Mobility Ltd is a Bengaluru-headquartered, vertically integrated Indian electric-vehicle manufacturer producing electric scooters (S1 series) and motorcycles (Roadster series), with in-house battery-cell (Gigafactory) and vehicle (Futurefactory) manufacturing in Krishnagiri, Tamil Nadu. It listed on the NSE and BSE in August 2024 in India's largest IPO of that year.

Bhavish Aggarwal · Founder & CEO / Managing Director Anand Shah · Co-founder
$1.44 BnTotal funding (tracked)
9Funding rounds
9 Aug 2024Last round
11,760Team size (sourced)
Publicly listed · NSE:OLAELEC
₹37.78 +2.11% BSE, as of 22 Sep 26 | 16:00

Valuation

P/E-5.57
P/E · TTM0.00
P/B1.31

Returns

ROE-1.04%
ROCE-0.21%

Per share

EPS-6.78
Book value25.15

Growth · year on year

Sales-27.41%
Profit-184.47%

Ownership

Promoter holding32.97%

Price and ratios are compiled from the exchange and third-party market data, cached and refreshed through the day — they are not Atlas facts and are not investment advice. Where a ratio is computed on more than one basis (for example standalone versus trailing-twelve-month), each is shown separately rather than averaged into a single number.

44/100
Mixed Atlas Score — computed from 9 published figures
How this score is calculated
Measure Value Scores Source
P/E
What the market pays for each rupee of earnings. Lower is cheaper — but a low P/E can also mean the market expects earnings to fall.
Computed on a different basis this reads 0.00, which would score 100/100. Scored on the figure shown. 		-5.57 100/100 BSE
P/B
Price against book value. Most meaningful for banks and asset-heavy businesses; software and consumer brands trade high here for good reasons. 		1.31 100/100 Market data
ROE
Return on equity — profit generated per rupee of shareholder capital. Sustained high ROE is the clearest single marker of a good business. 		-1.04 0/100 Market data
ROCE
Return on capital employed — the same idea including debt, so it is harder to flatter with leverage. 		-0.21 0/100 Market data
Profit growth
Year-on-year growth in profit. Weighted above sales growth because profitable growth is the harder thing to do. 		-184.47 0/100 Market data
Sales growth
Year-on-year growth in revenue. 		-27.41 0/100 Market data
Revenue growth · filed
Year-on-year revenue growth computed from the fiscal-year figures we filed ourselves and cited to a real disclosure, not a market data feed. 		71.70 100/100 Atlas
Profit trend · filed
Whether profit is improving, from the same filed figures. A swing from loss to profit scores highest; a swing from profit into loss scores lowest; a narrowing loss still scores better than a widening one. 		Loss narrowed 55/100 Atlas
Promoter holding
How much of the company its founders and controlling group still own. Higher usually means their money moves with yours. 		32.97 50/100 Market data

The Atlas Score is our own arithmetic on the published figures above — nothing is hidden and nothing is bought in. It weighs quality and growth at 30% each, valuation at 25% and ownership at 15%, scoring each measure against fixed bands. Growth blends third-party market data with the fiscal-year figures we file and cite ourselves, so a company we have researched more deeply scores on richer evidence. A measure we could not fetch is left out of the average rather than counted as a zero. It is a summary of the numbers, not a recommendation, not a price target, and not advice about your circumstances.

View Ola Electric's live share price on Google Finance ↗

Ola Electric: Funding Rounds

Date Round Amount Investors Source
9 Aug 2024 IPO (NSE: OLAELEC / BSE: 544225) ₹5,500.06 crore fresh issue (₹6,145.56 crore total incl. OFS) source
26 Oct 2023 Series E extension + Debt $384.43 Mn ($144.43 Mn equity + $240 Mn debt) Temasek State Bank of India source
24 May 2023 Series E $300 Mn source
24 Jan 2022 Series D $200+ Mn Alpine Opportunity Fund Edelweiss Tekne Private Ventures source
9 Dec 2021 Series C (extension) $53 Mn (₹398 crore) Temasek Edelweiss PE IIFL source
30 Sep 2021 Series C $200+ Mn Falcon Edge Capital SoftBank source
1 Jul 2019 Series B $250 Mn SoftBank Vision Fund source
6 May 2019 Series A (individual investor) Undisclosed Ratan Tata source
28 Feb 2019 Seed / Series A ₹400 crore (~$56 Mn) Tiger Global Management Z47 source

Acquisitions

DateAcquirerAcquiredAmountSource
28 May 2020 Ola Electric Etergo BV Undisclosed deal price; Etergo later implied-valued at ~€3.75 Mn (~$4.44 Mn) per investor share-redemption calculations source

Recent Signals

  • 29 May 2026 · market-expansion
    Ola Electric plans to scale in-house battery-cell (Gigafactory) capacity from ~6 GWh toward 20 GWh by 2027 source
  • 15 Feb 2026 · competitive
    Ola Electric's EV two-wheeler market share collapses from 39.5% (Jan 2024) to 5.87% (Jan 2026) source
  • 13 Feb 2026 · financial
    Q3 FY26: revenue falls 55% YoY to ₹470 crore, but gross margin hits record 34.3% amid a 'structural reset' source

News on Ola Electric

L Litmus · by Lapaas

Got an idea like this one? Validate it with the same 9-block framework, free.

Start Free Validation

FAQs on Ola Electric

Who founded Ola Electric?

Ola Electric was founded by Bhavish Aggarwal, Anand Shah in 2017.

How much funding has Ola Electric raised?

Ola Electric has raised $1.44 Bn across 9 tracked funding round(s), most recently on 2024-08-09. Figures are compiled from cited public sources.

Who are the investors in Ola Electric?

Investors in Ola Electric include Temasek, State Bank of India.

What does Ola Electric do?

Ola Electric Mobility Ltd is a Bengaluru-headquartered, vertically integrated Indian electric-vehicle manufacturer producing electric scooters (S1 series) and motorcycles (Roadster series), with in-house battery-cell (Gigafactory) and vehicle (Futurefactory) manufacturing in Krishnagiri, Tamil Nadu. It listed on the NSE and BSE in August 2024 in India's…

Where is Ola Electric headquartered?

Ola Electric is headquartered in Bengaluru, Karnataka, India.

What is Ola Electric's business model?

Ola Electric's core value proposition centers on Lower running cost + OTA-updatable smart EVs, India-made, vertically integrated EV ecosystem.

How does Ola Electric make money?

Ola Electric's cited revenue streams include Direct vehicle sales (scooters and motorcycles), Energy / battery products (Ola Shakti), Financing/EMI facilitation and accessories.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: techcrunch.com www.bseindia.com · Last verified 21 Oct 2026. · Report a correction