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Ola Electric Mobility
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Short description

Developer of electric two wheeled vehicles

Founded in 2011
Founded in

Company type Public Public (OLA)
Company type

Industry Group transportation & logistics

Sector micromobility

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters India Mumbai, India
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Updated by at on 03/28/2025

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IPO INFORMATION

Date

08/09/2024

IPO status

Listed

IPO Type

IPO

Amount

$661.9M

Initial shares

Ticker symbol

OLA

Exchange listed

NSE

Prospectus URL

Prospectus

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Source

Description

Ola Electric announces plans to go public in 2023. In December of 2023, it filed to raise at least 55 billion rupees ($661.9 billion) via IPO.

Date Investors Type Amount
04/01/2024 EvolutionX Debt Capital EvolutionX Debt Capital (1)
Post-money valuation of
Funding will support continued growth and product development.
Structured Debt $50,000,000
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