What we do Ola Electric Mobility Ltd is a leading Indian electric vehicle manufacturer focused on electric two-wheelers and energy storage solutions with integrated cell production. |
Founded in 2,017 |
Market share Market leader in India’s electric two-wheeler segment, outselling competitors combined. |
Problem solved Addresses pollution and dependence on fossil fuels by providing affordable, efficient electric mobility and energy storage solutions. |
Top clients or who we serve Serves Indian consumers via 870 experience and 431 service centers; B2C focus with growing B2B energy storage solutions. |
Key management Bhavish Aggarwal, Chairman and Managing Director, founder of Ola and a visionary in EV innovation. |
Our journey and innovations Launched 7 EV models by 2024, built India’s first Gigafactory, developed Bharat Cell and Gen 3 scooter platform; pioneered in-house motors and battery integration. |
Where we operate Primarily India, with subsidiaries including foreign entities targeting international markets for technology and sales. |
Top products or what we offer Flagship products include Ola S1 series scooters, Roadster X motorcycles, Bharat 4680 battery cells, and Ola Shakti home energy storage. |
Top brands Ola S1 Pro — market leading scooter; Roadster X — fastest growing electric motorcycle; Bharat Cell — India’s first giga-scale EV battery cell; Ola Shakti — premium residential BESS. |
Raw materials needed Battery-grade lithium, cobalt, nickel, electricity, and raw materials for motor and vehicle frame manufacturing. |
Raw materials supplier Suppliers include domestic and international battery raw material providers; specifics confidential. |
Recurring vs cyclical contribution Revenue primarily from vehicle sales (cyclical) with growing recurring revenue from parts and energy services. |
Our industry position Top EV two-wheeler maker in India, pioneering vertical integration from battery cell to finished vehicle. |
Financial highlights FY 2025 consolidated revenue ₹4,932 crore; net loss ₹2,276 crore reflecting investment phase; improving operating metrics; cash flow turning positive in auto segment. |
Geographical revenue split 100% revenue from India with growth plans to expand energy solutions beyond domestic market. |
Order book Robust demand pipeline supported by expanding gigafactory and product launches; order book details not publicly disclosed. |
Whats driving growth Growth driven by vertical integration, new product launches, gigafactory scale-up, energy storage entry, and expanding distribution network. |
Our future plans Expand gigafactory capacity to 20 GWh, scale energy storage business, launch advanced EV models, and drive profitability by FY27. |
Our green promise Committed to green energy sourcing (targeting 50% by FY26), reducing production energy use, water recycling and waste minimization. |
Our people and values Small, focused team emphasizing innovation, transparency, inclusion, and sustainability. |
Key challenges ahead Market competition, supply chain constraints, regulatory changes, scaling profitability, and technological advancement risks. |
Interesting facts India’s first giga-scale EV cell manufacturing, first EV company to list publicly in India; highest electric two-wheeler sales since inception. |
Risks and strategy Mitigating risks via vertical integration, cost control, technology leadership, and expanding service network to sustain growth. |
