Olectra Greentech
- Company typePublic
- Founded2000
- HeadquartersSecunderabad, India
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
Olectra Greentech firmographics
Firmographics- Name
- Olectra Greentech
- Legal name
- Olectra Greentech Limited
- Website
- https://olectra.com
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Olectra Greentech industry classification
Industry- Product category
- Electric Commercial Vehicles
- NAICS
- Motor Vehicle Manufacturing (3361), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635)
- SIC
- Motors & Generators (3621), Industrial Trucks, Tractors, Trailors & Stackers (3537), Railroad Equipment (3743), Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Electric Bus (Battery-Electric) Manufacturing (IMACADAE)
- akta.pro secondary industries
- Bus & Coach Electrical/Electronics & Telematics Manufacturing (IMACADAK), Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)
Keywords
Where Olectra Greentech is headquartered
LocationHeadquarters
- HQ city
- Secunderabad
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Olectra Greentech business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Electric Vehicle Sales: Sale of electric buses and trucks to government transport corporations and private operators through tender-based gross cost contracts. Revenue recognition based on vehicle delivery and operational services over 12-year contract periods.
- Bus Operations (Wet Lease): Through subsidiary Evey Trans, the company operates electric buses for transport corporations under gross cost contract model, earning per-kilometer fees over multi-year periods.
- Composite Insulators: Manufacturing and sale of composite polymer insulators for power transmission and distribution, serving electrical grid infrastructure across India.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Government Bus Procurement - Gross Cost Contract Model |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Olectra Greentech product offering
Product offeringCore offering
Olectra Greentech manufactures electric buses (V2, iX, X2, CX2 models) and the Meghaetron 28T electric tipper truck for public transport, urban mobility, and commercial logistics applications. The company also manufactures EHV composite insulators for power transmission and distribution grids and railway electrification systems. Through its subsidiary Evey Trans, Olectra operates electric bus fleets under 12-year gross cost contracts with government transport corporations across India.
Product overview
Olectra Greentech is India's largest pure electric bus manufacturer with a diversified portfolio spanning multiple vehicle segments and energy infrastructure. The product lineup includes four electric bus variants (V2, iX, X2, CX2) ranging from compact commuter buses to premium luxury coaches, plus the Meghaetron 28T electric tipper for commercial applications. The company also manufactures composite insulators for power transmission and distribution at EHV levels. In April 2026, Olectra underwent a strategic rebranding to position itself as an integrated mobility and energy solutions provider, expanding beyond pure electric bus manufacturing. An electric truck line (28-55 tonne GVW) is planned for FY27-end. All vehicles leverage LFP battery technology, feature advanced safety systems, and support fast charging infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- eBuzz: Brand name for Olectra's electric bus lineup including K9 model
- Meghetron
Products and services
- V2 Electric Bus Compact electric bus designed for metro feeder routes, heavy traffic congestion, and staff transportation. Features monocoque chassis, disk brakes with EBS, regenerative braking, front and rear air suspension, LFP batteries with range up to 150 km, and fast charging technology. Targets urban transit authorities and corporate staff transportation.
- iX Electric Bus India's first commuter electric bus featuring monocoque chassis with in-wheel drive, dual in-wheel motor solution with integrated regenerative braking, LFP battery technology with range up to 180 km, and advanced energy efficiency. Designed for city commuter routes operated by state transport undertakings.
- X2 Electric Bus Long-range electric bus with up to 300 km range per charge, kneeling mechanism, 39+ seating capacity, designed for urban and intercity routes with advanced safety features and efficient charging solutions. Targets intercity and long-distance transport operators.
- CX2 Electric Coach Bus Premium luxury electric coach featuring ADAS (Advanced Driver Assistance System), up to 45 seating capacity, range up to 300 km, maximum power of 360 kW, and advanced safety systems including surge protection and overload protection. Targets premium intercity and corporate coach services.
- Meghaetron 28T Electric Tipper India's first homologated electric tipper truck with 28-tonne GVW, LFP battery packs with liquid cooling, IoT-enabled vehicle tracking system, dual gun fast charging (180kW CCS-2), range of 120-150 km, designed for mining and construction applications. Targets infrastructure and mining companies.
- Composite Insulators (Transmission & Distribution) EHV composite insulators for power transmission and distribution grids, featuring silicone rubber housing over FRP rods, hydrophobicity properties, high mechanical strength, and voltage ratings from 10-15 KV up to 1200 KV. Conforms to IEC 61109-1992 standard. Serves electricity utilities and grid infrastructure developers.
- Railway Insulators Composite insulators for railway electrification including 25 KV 9 Tonne, 25 KV Bracket Tube, and 25 KV Stay Arm variants designed for overhead equipment systems. Serves railway electrification projects and authorities.
- Electric Bus Operations (Wet Lease) Through subsidiary Evey Trans, Olectra operates electric buses for transport corporations under 12-year gross cost contracts, earning per-kilometer fees over multi-year periods. Delivers end-to-end fleet deployment, charging, maintenance, and operations as a managed service for state transport undertakings.
Quantifiable outcome
- 590 million+ green kilometers clocked by fleet
- +3 more outcomes
Companies that use Olectra Greentech
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles4 records
Olectra Greentech technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Olectra Greentech partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Dassault SystèmescoreStrategic collaboration to adopt the 3DEXPERIENCE platform for digital-integrated product development of electric vehicles. Platform enables virtual simulation and model-based development, reducing dependence on physical prototypes while accelerating innovation cycles for next-generation electric buses and trucks.
- Leo DigitalminorLeo Digital, part of NxG World, awarded digital mandate for Olectra Greentech. Partnership includes digital strategy, communication, platform presence, brand positioning, and stakeholder engagement initiatives to strengthen Olectra's positioning as category leader in India's electric mobility sector.
- ThunderPlus / EveyTransminorPartnership to build 1.6 MW EV charging hub on a one-acre site in Tadepalli, Andhra Pradesh, serving the Hyderabad-Vijayawada corridor. Facility will accommodate over 150 EVs including 50+ buses with 180 kW fast chargers, battery-swapping infrastructure, and driver training facilities.
- Convergence Energy Services Limited (CESL)coreCESL-led PM E-DRIVE initiative administers government tenders for electric bus deployment where Olectra secures orders through competitive bidding. CESL aggregates demand and provides financing structure for state transport undertakings.
- BYD (China)coreStrategic manufacturing partnership with China's BYD for electric bus technology including battery systems, powertrains, and chassis. Deal running until 2030. BYD provides proven LFP battery technology and electric drivetrain components that Olectra integrates into buses manufactured in India.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Olectra Greentech competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Olectra Greentech social profiles
Digital presenceOlectra Greentech compliance and trust
Trust signalCompliance3 records
Olectra Greentech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Olectra Greentech leadership team
Management profileNumber of profiles
Profiles10 records
Olectra Greentech subsidiaries and ownership
Company hierarchySubsidiaries2 records
Olectra Greentech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Olectra Greentech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Olectra Greentech
What does Olectra Greentech do?
Olectra Greentech manufactures electric buses (V2, iX, X2, CX2 models) and the Meghaetron 28T electric tipper truck for public transport, urban mobility, and commercial logistics applications. The company also manufactures EHV composite insulators for power transmission and distribution grids and railway electrification systems. Through its subsidiary Evey Trans, Olectra operates electric bus fleets under 12-year gross cost contracts with government transport corporations across India.
Is Olectra Greentech a public or private company?
Olectra Greentech is a public company. It is classified as public and is currently operating.
When was Olectra Greentech founded?
Olectra Greentech was founded in 2000. It employs 251 to 500 people.
Where is Olectra Greentech based?
Olectra Greentech is headquartered in Secunderabad, India, in the Asia region.
How does Olectra Greentech make money?
Three revenue lines are on record. Electric Vehicle Sales are the primary driver. The others are bus Operations (Wet Lease) and composite Insulators.
Does Olectra Greentech have an API?
No public API is recorded for Olectra Greentech.
What industry is Olectra Greentech in?
Olectra Greentech's product category is Electric Commercial Vehicles. Its primary akta.pro industry code is IMACADAE, Electric Bus (Battery-Electric) Manufacturing, with a secondary code of IMACADAK, Bus & Coach Electrical/Electronics & Telematics Manufacturing. Its NAICS code is 3361 and its SIC code is 3621.