What does Ola Electric do?
Ola Electric makes electric scooters and motorcycles and its own battery cells. Bhavish Aggarwal, who also founded the ride-hailing company Ola, set it up in 2017 1. It launched its first scooters, the S1 and S1 Pro, on 15 August 2021 from ₹99,999, and builds them at its factory in Krishnagiri, Tamil Nadu 111.
| Fact | Detail |
|---|---|
| Founded | 2017, Bengaluru 1 |
| Founder and CEO | Bhavish Aggarwal 133 |
| Promoter stake | 32.97%, September 2026 2 |
| Listed | 9 August 2024, at ₹76 12 |
| FY26 deliveries | 1,73,794 19 |
| FY26 revenue | ₹2,253 crore; net loss ₹1,833 crore 19 |
| Market share | 11.7% in FY26; 5.4% in October 2026 2122 |
Who owns Ola Electric?
Promoters held 32.97% at the end of September 2026 2. Bhavish Aggarwal holds about 26.2% personally 4. SoftBank’s Vision Fund held 11.7% after selling shares through October 2026 8. In September 2026 Aggarwal pledged 4.32% of the company to back bonds issued by Krutrim Data Centre; Ola said the money would fund his part of a rights issue and that no shares were being sold 9. See who owns Ola Electric.
How did Ola Electric start?
Ola Electric bought the Dutch scooter maker Etergo in May 2020 and launched the S1 in 2021 1011. In 2024 it had 35.47% of the electric two-wheeler market 13. Its ₹6,145.56 crore IPO was priced at ₹76, and the shares listed flat on 9 August 2024 12. Its market share then fell sharply, to 11.7% in FY26 21. See Ola Electric’s history.
Products
Ola sells the S1 scooter range and Roadster X motorcycles 18. In November 2025 it began delivering scooters with its own 4680 “Bharat Cell” batteries 17. Its cell plant had 2.5 GWh of capacity running and 6 GWh largely installed by May 2026 19. It cut its stores from more than 4,000 to about 700 by February 2026 20. See products.
Results
FY26 revenue from operations halved to ₹2,253 crore and the net loss was ₹1,833 crore 19. Auditors flagged a material concern about cash flow and funding in May 2026 25. Ola raised ₹780.24 crore from institutions in June 2026 and about ₹1,000 crore through a rights issue in October 2026 248. See finances.
Controversies
In 2024 the consumer protection authority sent Ola a notice over 10,644 complaints; Ola said 99.1% had been resolved 30. In 2025 the government ordered a probe into a gap between Ola’s claimed sales and registrations, and regional transport offices raided stores over trade certificates; Ola called some reporting misplaced 3132. In October 2025 police filed a case naming Aggarwal after an employee’s death; Ola said the employee had raised no complaints and had no direct dealings with top management 33. See competitors, leadership and deals.
See also automotive and EV and all companies.
