# Ola Electric Mobility Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ola-electric-mobility-private

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Bangalore, India
- Website: www.olaelectric.com/
- Total disclosed funding: $669M
- Latest round: Series C (Jan 24, 2022)
- Investors on record: 16

## About

Based in Bengaluru, India, and founded in 2017, Ola Electric Mobility Pvt. Ltd. operates as a ride-hailing company that develops platforms and infrastructure for electric mobility. The firm was founded by Anand Shah and Ankit Jain. The company has over 500 experience centers - its own rapidly growing network in India. In August 2024, Ola Electric Mobility Pvt. Ltd. raised INR 61.45 billion in an IPO, selling 15.56 million shares at INR 76 per share, within the expected INR 72-76 range, on the National Stock Exchange under the ticker symbol "OLAELEC" valuing the company at approximately INR 355.8 billion.

The company provides a 1GW battery power delivering grid services and electric cars. Its products include Ola S1 Pro, Ola S1 and Ola S1 Air. The company also offers a platform to work with driver-partners, cities, vehicle manufacturers, battery companies, and others to make technologies cost-effective and viable in daily mobility. 

The company will use the funding towards its preparations for an upcoming initial public offering.

## Funding rounds

- Series C, Jan 24, 2022, $200M — Alpine Investors, Edelweiss, Tekne Capital Management
- Series C, Oct 4, 2021, $174M — Temasek Holdings, Alpine Investors, Alpha Wave Global, Hyundai Motor Company, 360 ONE, RNT Associates, SB Investment Advisers, Edelweiss, Tekne Capital Management, Z47, Kia Motors Corporation, Pawan Munjal Family Trust, Azara Advisors, Nuvama Group, VSS Investco
- Series B, Jul 2, 2019, $252M — SB Investment Advisers
- Series A, Feb 26, 2019, $43M — Tiger Global Management, RNT Associates, Z47

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- RNT Associates (https://capitalatlas.ai/funds/rnt-associates) — Series A, Series C
- Z47 (https://capitalatlas.ai/funds/z47) — Series A, Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series B, Series C
- Temasek Holdings — Series C
- Alpine Investors (https://capitalatlas.ai/funds/alpine-investors) — Series C
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series C
- Hyundai Motor Company — Series C
- 360 ONE (https://capitalatlas.ai/funds/360-one) — Series C
- Edelweiss (https://capitalatlas.ai/funds/edelweiss) — Series C
- Tekne Capital Management — Series C
- Kia Motors Corporation — Series C
- Pawan Munjal Family Trust — Series C
- Azara Advisors — Series C
- Nuvama Group (https://capitalatlas.ai/funds/nuvama-group) — Series C
- VSS Investco (https://capitalatlas.ai/funds/vss-investco) — Series C