Ola Electric

What Ola Electric does

Ola Electric Mobility Ltd., founded in 2017 as the EV arm of ANI Technologies and headquartered in Bengaluru, is India's largest electric two-wheeler manufacturer by historical share. The company designs, manufactures, and sells electric scooters (S1 Pro+, S1 Pro, S1 X+, S1 X Gen 3), electric motorcycles (Roadster X+, Roadster X, Roadster, Roadster Pro), and home energy storage systems (Ola Shakti 1.5/5.2/9.1 kWh) under a vertically integrated stack spanning in-house cells, motors, and software.

Its technology backbone is the proprietary MoveOS platform, the 4680 Bharat Cell, the BIS-certified LFP 46100 cylindrical cell, and ferrite motor architecture, all positioned under an 'India Inside' strategy of domestic powertrain and cells. Manufacturing is concentrated at the Ola Futurefactory in Tamil Nadu (described as the world's largest integrated E2W plant) supplemented by a Gigafactory for cell production. The company supports its fleet with 970+ Hypercharger points, 590 service centers, and a network of 1 lakh third-party mechanics.

Ola Electric operates a direct-to-consumer model (company-owned Experience Centres in 8 major cities plus online purchase) augmented since September 2024 by a Network Partner Program in Tier 2/3 cities. Revenue is generated primarily from hardware sales across scooters and motorcycles, supplemented by accessories, extended battery warranties, and home energy storage. Pricing spans ₹69,999 for the Roadster X entry motorcycle to ₹2,49,999 for the Ola Shakti 9.1 kWh home battery, with EMI financing at 6.99% up to 60 months. The company went public on Indian stock exchanges in August 2024, raising approximately ₹6,146 crore.

Name

Ola Electric

Legal name

Ola Electric Mobility Ltd

Website

https://olaelectric.com

Company type

Public

Founded year

2017

Operating status

Ipo

Headcount range

1,001–5,000 employees

Short description

Ola Electric is India's largest electric two-wheeler manufacturer, selling scooters, motorcycles, and home energy storage under vertically integrated cell-to-vehicle technology including MoveOS software and the 4680 Bharat Cell.

Ownership category

akta.pro rank

Product category

Electric Two-Wheeler Manufacturing

NAICS

Motorcycle, ATV, and All Other Motor Vehicle Dealers (441227), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor and Generator Manufacturing (335312)

SIC

Motorcycles, Bicycles & Parts (3751), Motor Vehicle Parts & Accessories (3714), Motors & Generators (3621)

akta.pro primary industry

E-scooters & E-mopeds Manufacturing (IMACAOAB)

Keywords

• Electric two-wheeler manufacturing
• Electric scooter retail India
• Electric motorcycle manufacturing
• Home battery energy storage
• EV charging infrastructure India

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Electric Two-Wheeler Sales: Primary revenue stream from manufacturing and selling electric scooters (S1 Pro+, S1 Pro, S1 X+) and motorcycles (Roadster X+, Roadster X, Roadster, Roadster Pro). Revenue grew 13.4x from ₹373 crore in FY22 to ₹5,009.83 crore in FY24.
2. Electric Motorcycles: Revenue from electric motorcycles including Roadster X+, Roadster X, Roadster, and Roadster Pro models, expanding the product portfolio beyond scooters
3. Ola Shakti Home Energy Solutions: Battery energy storage solutions for home use including 9.1 kWh, 5.2 kWh, and 1.5 kWh variants with solar compatibility, targeting home backup power market
4. Accessories and Spare Parts: Sale of genuine parts and accessories through online platform and app, with 590 service centres and 1 lakh third-party mechanics network
5. Battery Warranty Extensions: Extended warranty services up to 8 years or 125,000 km providing recurring service revenue

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Ola Electric designs, manufactures, and sells electric two-wheelers (S1 Pro+, S1 Pro, S1 X+, S1 X) and electric motorcycles (Roadster X+, Roadster X, Roadster, Roadster Pro) in India, along with home battery energy storage systems under the Ola Shakti brand. The company sells directly to consumers through its own online platform and Experience Centres while operating a Hypercharger network and HyperService after-sales support infrastructure backed by proprietary MoveOS software, indigenously developed 4680 Bharat Cell and LFP 46100 cells, and a ferrite motor architecture.

Product overview

Ola Electric operates as a vertically integrated electric vehicle company manufacturing electric scooters, motorcycles, and home energy solutions. The product portfolio includes the Gen 3 electric scooter lineup (S1 Pro+, S1 Pro, S1 X+, S1 X) offering up to 320 km range, the Roadster electric motorcycle series (Roadster X+, Roadster X, Roadster, Roadster Pro) with India's longest range motorcycle reaching up to 501 km, and the Ola Shakti home energy storage system with 1.5 kWh to 9.1 kWh modular battery solutions including solar charge controllers. The company supports its vehicles through proprietary MoveOS software platform, the Hypercharger network (970+ charging points), and Hyperservice maintenance network. All products are powered by indigenously developed battery technology including the 4680 Bharat Cell and newly certified LFP 46100 cell.

Differentiator

Problem solved

Functional benefit

Brands

• Ola S1: Electric scooter product line including S1 Pro, S1 Pro+, S1 X, S1 X+ variants
• Ola Roadster
• Ola Shakti
• MoveOS
• Hypercharger
• Hyperservice

Products and services

• Ola S1 Pro+ Gen 3 Top-spec Ola electric scooter powered by the in-house 4680 Bharat Cell with up to 320 km IDC range, targeting premium personal commuters in India.
• Ola S1 Pro Gen 3 High-performance Gen 3 electric scooter with 5.2 kWh battery, positioned for personal daily commute with extended range.
• Ola S1 X+ Gen 3 Mid-range Gen 3 scooter with 3 kWh battery delivering up to 320 km range for value-oriented Indian commuters.
• Ola S1 X Gen 3 Entry-level Gen 3 electric scooter with 2 kWh battery offering an introductory entry point to Ola's scooter lineup.
• Ola Roadster X+ Premium electric motorcycle with extended battery range, positioned as India's ultimate electric motorcycle upgrade for personal riders.
• Ola Roadster X Longest-range electric motorcycle in India at up to 501 km IDC range, starting at Rs 69,999, for personal city and intercity travel.
• Ola Roadster Standard electric motorcycle offering Ola's two-wheeler upgrade beyond scooters, starting at Rs 1,04,999.
• Ola Roadster Pro Flagship electric motorcycle in the Roadster series with advanced performance capabilities for premium personal riders.
• Ola Shakti 9.1 kWh Home Energy Storage High-capacity 9.1 kWh home battery energy storage with 6 kW power output and solar compatibility for residential power backup and storage.
• Ola Shakti 5.2 kWh Home Energy Storage Mid-capacity 5.2 kWh home battery energy storage system with 3 kW power output for residential backup needs.
• Ola Shakti 1.5 kWh Home Energy Storage Entry-level 1.5 kWh compact home battery solution for basic residential power backup.
• Ola Solar Charge Controller 6kW 6 kW solar charge controller enabling solar energy integration with Ola Shakti home battery storage systems.
• Ola Solar Charge Controller 3kW 3 kW solar charge controller for smaller-scale solar integration with Ola Shakti energy storage.
• Ola HyperService After-Sales Service AI-enabled after-sales service programme offering same-day service guarantee across 590 company service centres and a 1 lakh third-party mechanic network.
• Ola Hypercharger Network Captive charging network of 970+ points across India enabling Ola EV owners to charge from 0 to 80% in 4 hours.

Quantifiable outcome

• Save ₹95,760 annually compared to petrol two-wheeler
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Sterling E-Mobility SolutionsminorOthers · 1 July 2026Component supplier that filed insolvency petition against Ola Electric Technologies for alleged unpaid dues of ₹29.8 crore, claiming quality issues with supplied components.
• Anevolve Mando eMobilityminorOthers · 1 July 2026Component supplier (part of Anand Group) that filed insolvency petition for alleged unpaid dues of ₹10.8 crore, disputed by Ola over quality concerns.
• Seoyon E-Hwa Summit Mobility KrishnagiriminorOthers · 1 July 2026Third supplier to file insolvency petition against Ola Electric Technologies, claiming alleged payment default of ₹9.57 crore.
• SEBIcoreOthers · 24 June 2024Regulatory approval for Ola Electric's IPO of Rs 5,500 crore ($660 million), the first major EV manufacturer to list in India.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• TVS Motor Company: Legacy Indian two-wheeler giant whose iQube electric scooter has been one of the primary share-takers from Ola; comparable on product category, customer base and Indian distribution scale.
• Hero MotoCorp: Largest Indian two-wheeler maker whose Vida brand targets the same electric scooter/motorcycle segments as Ola; comparable customer base, ICE-to-EV transition strategy and aggressive India pricing.
• Ather Energy: India's other leading premium electric two-wheeler OEM, competing head-to-head with Ola on connected scooters and D2C experience centres; both target urban Indian commuters with vertically integrated software-defined EVs.
• Bajaj Auto: Established Indian OEM whose Chetak electric scooter competes directly with Ola S1 in the premium E2W segment; brings extensive dealer/service network that contrasts with Ola's D2C model.

Emerging players

• Simple Energy: Bengaluru-based electric two-wheeler startup focused on the Simple One scooter; smaller scale than Ola but overlaps on product category, target market and Indian D2C go-to-market.
• Bounce Infinity: Indian E2W startup with scooter and battery-swap offerings; comparable on product category and Indian market focus, but smaller scale and differentiated swap-based energy model.
• Greaves Cotton (Ampere): Indian conglomerate's EV arm selling Ampere electric scooters targeting mass-market commuters; comparable on category and price-sensitive Indian customer base though narrower technology stack than Ola.
• Okinawa Autotech: Indian electric two-wheeler OEM competing in entry-level scooter segments; comparable on product category and Indian customer base though lacking Ola's in-house cell and software capabilities.
• Matter Motor Works: Indian startup focused on electric motorcycles, directly comparable to Ola's Roadster motorcycle line; overlaps on product category, target buyer and premium Indian positioning.

Regional players

• Gogoro: Taiwan-based electric scooter OEM and battery-swap network operator; comparable on connected electric scooter platform and energy infrastructure strategy, though operating primarily in Asia outside India.

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/OlaElectric
• YouTubeyoutube.com/channel/UCq0Gj5tEf6xwvPTzx0ZxABQ
• Facebookfacebook.com/Ola-Electric-104817894981469
• LinkedInlinkedin.com/company/olaelectric
• Instagraminstagram.com/olaelectric

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds20 records

Investors29 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ola Electric