Verified Nov 2026
Batteries & E-Mobility
·
Bengaluru, Karnataka
·
Since 2017
Ola Electric is an electric mobility company headquartered in Bengaluru, India, founded in 2017. It manufactures electric two-wheelers, including the S1 scooter series, Ola Gig, and Ola Roadster motorcycle, and produces its own battery packs and cells. The company has an estimated 5,000 to 10,000 employees and serves automotive, renewable energy, and industrial equipment markets. In September 2026, it reported plans to scale to 1 million units of annual vehicle capacity and expand its Gigafactory to 6 GWh.
Ola Electric at a glance
Revenue
$100-250M
Est. band
Employees
5,000-10,000
Founded
2017
Headquarters
Bengaluru, Karnataka
Industries
Automotive
Electric Vehicles
Renewable Energy
Industrial Equipment
Overview
Ola Electric is an electric mobility company headquartered in Bengaluru, India, founded in 2017. It manufactures electric two-wheelers, including the S1 scooter series, Ola Gig, and Ola Roadster motorcycle, and produces its own battery packs and cells. The company has an estimated 5,000 to 10,000 employees and serves automotive, renewable energy, and industrial equipment markets. In September 2026, it reported plans to scale to 1 million units of annual vehicle capacity and expand its Gigafactory to 6 GWh.
At a glance
Attribute | Detail |
|---|---|
Founded | 2017 |
Headquarters | Bengaluru, Karnataka |
Employees | 5,000-10,000 |
Revenue | $100-250M (estimated) |
Primary capability | Batteries & E-Mobility |
What Ola Electric makes
The company describes a vertically integrated model covering research and development, battery cell manufacturing, and direct-to-consumer sales, with its Futurefactory in Krishnagiri, Tamil Nadu.
Products and capabilities described on the company's own site include Battery, Assembly, Battery Pack (source: olaelectric.com).
Latest developments
2026-11-04 — Ola Electric rights issue gets 155.51% subscription; listing on Nov 6 (scanx.trade)
2026-09-27 — Ola Electric Positions for Scale-Up with 1 Million Unit Capacity and 6 GWh Gigafactory Expansion (theelectricalpost.com)
2026-08-29 — Government sanctions Rs 95.81 crore PLI-auto incentive to Ola Electric for third consecutive year (dtnext.in)
2026-08-09 — Ola Electric Q1 Earnings Call: This EV Manufacturing Company's Gigafactory Built Scooters. Now Chasing Drones Defence (ndtvprofit.com)
2026-08-07 — EV manufacturer Ola Electric brings cell-to-pack vertical integration into India’s utility-scale BESS market with 20GWh MoU - Energy-Storage.News (energy-storage.news)
2026-08-06 — Ola Electric opens sales, service network to dealer partners, targets nationwide footprint by Diwali 2026 (moneycontrol.com)
Facilities
Ola Electric is headquartered in Bengaluru, Karnataka. Public sources also reference these locations:
India — olaelectric.com
Company details
Ola Electric is privately held, with an estimated revenue band of $100 to $250 million, and the government sanctioned a Rs 95.81 crore PLI-auto incentive to the company for a third consecutive year, per dtnext.in. Ola Electric was founded in 2017, has an estimated 5,000-10,000 employees, and is headquartered in Bengaluru, Karnataka.
Frequently asked questions
What does Ola Electric make?
Ola Electric is an electric mobility company headquartered in Bengaluru, India, founded in 2017. It manufactures electric two-wheelers, including the S1 scooter series, Ola Gig, and Ola Roadster motorcycle, and produces its own battery packs and cells. The company has an estimated 5,000 to 10,000 employees and serves automotive, renewable energy, and industrial equipment markets. In September 2026, it reported plans to scale to 1 million units of annual vehicle capacity and expand its Gigafactory to 6 GWh.
Where is Ola Electric headquartered?
Ola Electric is headquartered in Bengaluru, Karnataka (17th Main Road, Bengaluru, Karnataka, 560070).
When was Ola Electric founded?
Ola Electric was founded in 2017.
How big is Ola Electric?
Ola Electric has an estimated 5,000-10,000 employees, with revenue in the $100-250M range (estimated).
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Last verified Nov 2026. Is this your company? Request a correction.
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