Ola Electric Journey

Ola's Electric Founder and History

Ola Electric is a mobility platform which founded in the year of 2017 by Ola Cabs.

It is a one of the successful startup in India with a headquarter at Bengaluru, Karnataka, India.

Ola Electric Unicorn Status

With its successful journey of Ola Electric, it just only take two years to become a unicorn of India.

It become a unicorn in July, 2019 with the entry valuation of 1.1 billion dollars.

Because it is a subsidiary of one of the leading mobility platform, Ola Cabs which is in market since last 10+ years.

The reason of achieving a unicorn status by Ola Electric is that it is operated by a one of the leading company in India which have 10+ years experience in mobility sector.

It's a one of the largest two-wheeler manufacturer in India with lot of market share in two-wheeler production.

Ola Electric's Investors

SoftBank, Tiger Global, Matrix Partners are some of the investors who is invested on Ola Electric.

It was knows very well that how manufacturing of two-wheeler can help their business to grow.

It attract peoples to their platform and also provide their its two-wheeler vehicles at great offers.

Now who impressed with the Ola Cabs platform and want to join it as a partner can easily join it.

Even if they don't have a vehicle in that case they can buy its two-wheeler vehicles.

It become a one of the best and successful strategy for making it a unicorn in very sort time of period.

Ola Electric's a largest two-wheeler manufacturer

According to Wikipedia, it become a one of the largest two-wheeler manufacturer with the highest valuation of 5.4 billion dollars in September, 2023.

It also opened its showrooms in multiple cities around India.

Starting it as a two-wheeler manufacturer company in India become one of the successful decision of Ola Cabs.

This decision lead it to huge success by attracting more partners as well as customer around best cities in India.

It also help Ola Cabs to take its business in to next level.