Ola Electric Mobility Limited is India's market-leading electric two-wheeler manufacturer, designing and manufacturing the Ola S1 series of electric scooters (S1 Air, S1X, S1 Pro). Founded in 2017 as a subsidiary of ANI Technologies (Ola Cabs) and later spun off as an independent entity, the company operates India's largest integrated and automated electric two-wheeler manufacturing facility spanning over 400 acres in Krishnagiri, Tamil Nadu. The company went public via IPO on August 9, 2024, on NSE and BSE.
Ola Electric is publicly traded
IPO'd on Aug 9, 2024
This company is no longer available on our private secondary market. Shares can be traded publicly under OLAELEC (NSE), 544225 (BSE).
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2017
Employees
3,000–4,900
Total Funding
$1.96B
10 rounds
Last Private Valuation
$4B
Aug 2, 2024
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $1.96B across 10 rounds
Last updated 08-12-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Aug 2, 2024 | IPO | $660M | $4B | Public offering |
| Jun 11, 2024 | Debt — Alteria Capital | $12M | — | Alteria Capital |
| Apr 1, 2024 | Debt — EvolutionX Debt Capital | $49M | — | EvolutionX Debt Capital |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series B
$1B
Jul 2019
Ola Electric today
$4B
Aug 2024 · latest mark
Ola Electric multiple
4.0x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Bhavish Aggarwal
Chairman, Group CEO, and Managing Director
Yes, Ola Electric is publicly traded under the ticker symbol OLAELEC (NSE), 544225 (BSE) on the NSE, BSE. The company went public in Aug 9, 2024.
Ola Electric trades under the ticker symbol OLAELEC (NSE), 544225 (BSE) on the NSE, BSE. It began trading in Aug 9, 2024.
Ola Electric (OLAELEC (NSE), 544225 (BSE) on the NSE, BSE) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker OLAELEC (NSE), 544225 (BSE) to place an order.
Ola Electric went public in Aug 9, 2024 via ipo, with an offering valuation of approximately $4B. Ola Electric went public on August 9, 2024, listing on both NSE (ticker: OLAELEC) and BSE (code: 544225). The IPO was priced at Rs 76 per share, raising approximately Rs 5,500 crore ($730 million). Shares debuted flat and subsequently rallied 20% to Rs 91.20, the maximum allowed limit, resulting in a market capitalization of approximately $4.8 billion at listing. The IPO represented one of India's largest public offerings in 2024.
Ola Electric raised $1.96B across 10 disclosed funding rounds prior to its public listing.
Ola Electric is headquartered in Bengaluru, India.
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