Ola Electric

Ola Electric, founded in 2017, became a unicorn in 2019 after raising a $267 million Series B round at a $1.01 billion valuation. The company has raised $1 billion to date and manufactures electric scooters while building charging infrastructure across India. Headquartered in Bengaluru, Ola Electric operates a vertically integrated electric mobility model covering design, production, and direct sales. Backed by investors including Temasek and 360 One, the company continues expanding electric vehicle adoption and manufacturing scale in India.