Ola Electric is an electric vehicle manufacturer that revolutionizes urban transportation by providing sustainable and affordable mobility solutions to people across the country. With a mission to provide sustainable and affordable mobility solutions to people across the country, the company has been instrumental in accelerating the adoption of electric vehicles in India’s bustling cities. Apart from scooters, Ola Electric is also expanding its portfolio to include electric cars, two-wheeler models, and even charging stations. By transitioning to electric vehicles, the company aims to reduce carbon emissions and mitigate the adverse effects of air pollution on public health and the environment. In 2019, the company joined the unicorn club.
Ola Electric has raised $50 million in debt funding from EvolutionX Debt Capital, a prominent debt financing platform.
Ola Electric, Bengaluru, Karnataka, India, was founded in 2017 by Anand Shah, Ankit Jain, and Bhavish Aggarwal. As electric vehicles continue to gain traction worldwide, Ola Electric stands as a shining example of how technology and innovation can drive positive change and create a more sustainable world for all.
