Ola Electric

Electric two-wheelers manufacturing.

Launch date

2017

Employees

5001-10000 people

Market cap

Enterprise valuation

CAD5.5b (Public information from Aug 2024)

Bengaluru Karnataka (HQ)

https://olaelectric.com/

https://twitter.com/olaelectric https://www.facebook.com/ola-electric-104817894981469 https://www.linkedin.com/company/olaelectric/

Date	Investors	Amount	Round
-	Pawan Munjal Family Trust Kia Motors Tata Sons Tiger Global Matrix Partners India Ratan Tata Hyundai Motor Company	N/A	-
Jul 2021	Bank of Baroda	$99.2m	Debt
Sep 2021	Alpha Wave Global SoftBank	$200m	Series C
Dec 2021	Temasek	$53.0m	Series C
Jan 2022*	Jaws Ventures Tekne Capital Management Edelweiss Financial Services Alpine Investors	$201m	Late VC
May 2023*	N/A	$300m Valuation: $6.0b	Late VC
Oct 2023*	State Bank of India	$240m	Debt
Oct 2023*	Temasek	$144m Valuation: $5.4b	Growth Equity VC
Apr 2024*	EvolutionX Debt Capital	$50.0m	Debt
Aug 2024*	N/A	N/A Valuation: $4.0b	IPO
Aug 2024*	Goldman Sachs BNP Paribas Fidelity Investments Kotak Mahindra Life Insurance Franklin Templeton Investments HDFC Mutual Fund Sundaram Mutual Fund Bharti AXA Life Insurance SBI Mutual Fund Nippon India Mutual Fund Nomura Capital (India) Bandhan Mutual Fund	$330m Valuation: $5.4b	Late VC
Total Funding		CAD2.0b