Who Owns Ola Electric Scooter?

Ola Electric, a subsidiary of the ride-hailing giant Ola, is the company behind the popular Ola Electric Scooter. Founded by Bhavish Aggarwal and Ankit Bhati in 2017, Ola Electric focuses on the development of sustainable and efficient electric mobility solutions in India and beyond. Bhavish Aggarwal, who also co-founded Ola Cabs, serves as the CEO of Ola Electric, steering the company towards innovative electric transportation options.

In recent years, Ola Electric has gained substantial backing from prominent investors such as SoftBank, Tiger Global, and Matrix Partners, which has significantly bolstered its expansion plans globally. Their state-of-the-art manufacturing facility, known as the Ola Futurefactory, is located in Tamil Nadu, India, and is touted to be the largest electric scooter manufacturing plant in the world.

Ola Electric’s aim is to revolutionize urban mobility with their range of electric scooters, thereby making a significant impact on reducing carbon emissions and dependence on nonrenewable energy sources. As the company continues to innovate and expand, it aims at setting new benchmarks in the electric vehicle industry, further substantiating Bhavish Aggarwal’s vision of sustainable urban transportation.