Ola Electric

Ola Electric is an Indian electric vehicle manufacturer established in 2017 by Bhavish Aggarwal, who is also a co-founder of Ola Cabs. The company specializes in designing and producing electric two-wheelers, particularly the Ola S1 series of electric scooters, which are tailored for high performance and longer battery range in Indian conditions. The company operates a vertically integrated business model that encompasses manufacturing, sales, and service. Its flagship facility, the Ola Futurefactory in Tamil Nadu, is the largest two-wheeler EV factory in the world, designed to produce millions of electric scooters annually. Ola Electric also offers a growing network of service centers and charging infrastructure to support its customers. Ola Electric has attracted significant investment from major investors, raising over $1.2 billion to fuel its expansion and innovation. The company aims to promote sustainable mobility and reduce reliance on fossil fuels, positioning itself as a key player in the electric vehicle market.