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Founded Year

2017

Stage

IPO | IPO

Total Raised

$1.569B

Date of IPO

8/9/2024

About Ola Electric

Ola Electric focuses on sustainable mobility solutions within the electric vehicle industry. The company offers a range of electric scooters and motorcycles designed for energy-efficient transportation. Ola Electric primarily caters to consumers looking for eco-friendly personal transportation options. It was founded in 2017 and is based in Bengaluru, India. Ola Electric operates as a subsidiary of Ola.

Headquarters Location

100 Feet Road Koramangala, 4th Block, 17th Main Regent Insignia, #414, 3rd Floor

Bengaluru, 560034,

India

080-33113311

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Expert Collections containing Ola Electric

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Ola Electric is included in 3 Expert Collections, including Auto Tech.

A

Auto Tech

3,972 items

Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.

U

Unicorns- Billion Dollar Startups

1,249 items

B

Bike & Scooter Tech

544 items

We define bike and scooter technology startups as companies working on shared vehicle networks, vehicle design, and charging infrastructure for bicycles, scooters, mopeds, and other compact vehicles for one to two passengers.

Ola Electric Patents

Ola Electric has filed 7 patents.

The 3 most popular patent topics include:

  • computer network security
  • wireless networking
  • automotive safety technologies
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/25/2021

9/17/2024

Random number generation, Pseudorandom number generators, Battery electric vehicle manufacturers, Statistical randomness, Battery shapes

Grant

Application Date

2/25/2021

Grant Date

9/17/2024

Title

Related Topics

Random number generation, Pseudorandom number generators, Battery electric vehicle manufacturers, Statistical randomness, Battery shapes

Status

Grant

Latest Ola Electric News

Kunal Kamra mocks Ola CEO Bhavish Aggarwal with deepfake video as Ola shares dip

Nov 5, 2024

Kunal Kamra mocks Ola CEO Bhavish Aggarwal with deepfake video as Ola shares dip Kunal Kamra mocks Ola CEO Bhavish Aggarwal with deepfake video as Ola shares dip Comedian Kunal Kamra escalates his feud with Ola CEO Bhavish Aggarwal by sharing a deepfake video amid a significant drop in Ola Electric's stock. The ongoing spat highlights growing concerns over the company's customer service and public perception. Updated Nov 05, 2024, 8:39 AM IST Comedian Kunal Kamra has escalated his ongoing feud with Ola CEO Bhavish Aggarwal by posting a deepfake video mocking Aggarwal. This comes as Ola Electric's shares fell nearly 4 per cent on Tuesday, reaching a 52-week low of ₹74.82, below its issue price of ₹76 since the company's public listing in August. The video, shared on social media, features customer complaints about Ola Electric alongside a LiveMint article screenshot about the stock slump. Kamra included a deepfake clip of Aggarwal saying, “Mujhe farak nhi padhta” (I don’t care), suggesting the CEO's indifference to customer dissatisfaction. Related Articles The dispute between Kamra and Aggarwal began earlier in October when Kamra criticised Ola Electric's after-sales service, citing long wait times and unresolved complaints. He pointed to a high number of complaints, reportedly reaching 80,000 per month, questioning why the company wasn't doing more to resolve these issues. Aggarwal responded by accusing Kamra of being paid to damage Ola's reputation and challenged him to spend a day at an Ola service centre. This response led to backlash, with social media users supporting Kamra and criticising Aggarwal's dismissive tone. Kamra has continued to highlight customer grievances, often sharing complaints on X (formerly Twitter). Recently, he humorously accepted Aggarwal's challenge to work at an Ola service centre, saying he felt like an employee due to the numerous complaints he was tagged in. Kamra also mocked reports of Ola hiring bouncers at its service centres, intensifying online criticism of the company's customer relations approach. Last week, he challenged Aggarwal to show footage of Ola service centres, mocking a Diwali celebration video Aggarwal posted from an Ola showroom. Ola Electric, which went public on 9 August 2024, had a tepid stock market debut despite favourable conditions. The stock opened at ₹75.99 on the BSE and ₹76 on the NSE and has struggled to gain momentum. The recent dip below its issue price raises concerns among investors about the company's reputation and customer service. Kamra's mockery and ongoing customer complaints seem to be affecting public perception, with some social media users echoing his criticisms. Comments like “Kunal bhai sahi bol raha hai use fark nahi padta hai” (Kunal is right, he doesn’t care) reflect this sentiment. Others joked about Ola's “bots” taking a day off, warning Aggarwal that he “will care when the quarterly report comes.” The controversy has also attracted regulatory attention. The Central Consumer Protection Authority (CCPA) issued a Show Cause Notice to Ola, questioning its practices. Ola claimed it had resolved 99.1 per cent of complaints, but the Department of Consumer Affairs is investigating this claim and plans to contact customers to verify their satisfaction. Kamra's persistent focus on Ola's service issues keeps the pressure on the company, drawing public and media attention. With shares struggling and regulatory scrutiny increasing, Ola may need to take significant steps to address customer complaints and improve its image. Kamra's campaign has not only amplified dissatisfied customers' voices but also sparked a conversation about corporate accountability in India's electric vehicle market.

Ola Electric Frequently Asked Questions (FAQ)

  • When was Ola Electric founded?

    Ola Electric was founded in 2017.

  • Where is Ola Electric's headquarters?

    Ola Electric's headquarters is located at 100 Feet Road Koramangala, 4th Block, 17th Main, Bengaluru.

  • What is Ola Electric's latest funding round?

    Ola Electric's latest funding round is IPO.

  • How much did Ola Electric raise?

    Ola Electric raised a total of $1.569B.

  • Who are the investors of Ola Electric?

    Investors of Ola Electric include Alteria Capital, EvolutionX Debt Capital, State Bank of India, Tekne Capital Management, Temasek and 23 more.

  • Who are Ola Electric's competitors?

    Competitors of Ola Electric include River and 8 more.

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Compare Ola Electric to Competitors

A
Ampere Vehicles

Ampere Vehicles specializes in electric scooters, focusing on energy-efficient transportation within the electric vehicle industry. The company offers a range of electric scooters designed for affordability, efficiency, and support for the clean last mile. Ampere Vehicles provides comprehensive electric vehicle ecosystem support, including battery maintenance and financing options. It was founded in 2008 and is based in Coimbatore, India. Ampere Vehicles operates as a subsidiary of Greaves Cotton.

O
Omega Seiki Mobility

Omega Seiki Mobility develops and sells a variety of electric three-wheelers, two-wheelers, and four-wheelers designed for transportation and cargo handling. Omega Seiki Mobility is part of the Anglian Omega Network, which specializes in manufacturing components for the automotive and rail industries. The company was founded in 2018 and is based in New Delhi, India.

V
VIOMA MOTORS

VIOMA MOTORS specializes in the development and manufacturing of smart electric scooters within the e-mobility sector. Their flagship product is a self-charging electric scooter equipped with features like regenerative braking, an integrated touchscreen dashboard, and adaptive LED headlights. The company primarily caters to the eco-conscious consumer market seeking sustainable and technologically advanced transportation solutions. It was founded in 2020 and is based in Mumbai, India.

E
EVeez

EVeez is a company focused on smart electric mobility in the transportation industry. The company offers electric bikes on a subscription basis, providing a sustainable solution for businesses looking to reduce their carbon footprint. Primarily, EVeez caters to sectors such as ecommerce, transportation, and last-mile delivery services. It was founded in 2020 and is based in Gurugram, India.

H
Hero Electric

Hero Electric is a company that focuses on the production of electric two-wheelers, operating within the electric vehicle industry. The company's main offerings include electric bikes and scooters, providing eco-friendly and cost-effective modes of personal transportation. It was founded in 1993 and is based in Delhi, India.

A
Ather Energy

Ather Energy focuses on the development and production of electric vehicles, specifically in the automotive industry. The company's main offerings include smart and connected electric scooters, as well as public and private charging infrastructure. Ather Energy primarily sells to the electric vehicle industry. It was founded in 2013 and is based in Bengaluru, India.

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