Ola Electric ListedUnicorn

Vehicles are positioned around low running cost versus petrol two-wheelers (company-cited running cost of ~₹0.17/km electric vs ~₹2.5/km petrol) and battery warranty coverage up to 8 years / 125,000 km.

Company mission stated as building India's EV ecosystem spanning vehicles, in-house battery cells, and charging infrastructure.

Ola Electric has been pushing a new scooter aimed at the commercial/fleet market amid the consumer sales slump.

590 service centres plus a network of 1 lakh third-party mechanics being made EV-ready.

Vehicles are sold via an online booking platform with test-ride appointments.

Company-run experience centers in 8 major cities: Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, Pune and Jaipur.

970+ charging points across India supporting vehicle owners.

In-house manufacture of vehicles, battery packs, motors and vehicle frames at the Futurefactory, plus in-house lithium-ion cell production at the Gigafactory.

Running its own experience centers, online booking, and a 590-center service network.

Company-described "largest integrated and automated electric two-wheeler manufacturing plant in India," located on 400+ acres of leased land in Krishnagiri, Tamil Nadu.

India's only commercially operating gigafactory producing lithium-ion cells in-house (4680 'Bharat Cell' format), the sole PLI/ACC-PLI recipient in auto manufacturing, with 20 GWh of PLI-approved capacity.

MoU to invest roughly ₹7,614 crore in a 2,000-acre EV hub (two-wheelers, cars, lithium cell gigafactory) in the state, where the Krishnagiri Futurefactory and Gigafactory are located.

Signed a Production-Linked Incentive agreement with the Ministry of Heavy Industries for local advanced-chemistry-cell battery manufacturing, the sole auto-sector recipient of the scheme.

SBI provided debt financing as part of a $240 Mn (~₹2,000 crore) debt tranche alongside Temasek's equity investment in the October 2023 funding round.

Core revenue driver is direct-to-consumer sale of electric scooters (S1 series) and motorcycles (Roadster series); FY24 revenue was ₹5,009 crore, though revenue fell sharply afterward alongside a market-share collapse.

Sale of Ola Shakti battery packs (confirmed capacities include 5.2 kWh and 9.1 kWh models) as standalone energy-storage products.

Company offers EMI financing (up to 60 months, rates from 6.99%, zero processing fee) and sells accessories, generating ancillary revenue alongside vehicle sales.

Cost of materials made up roughly 70% of FY24 expenses (~₹4,400 crore), with battery cells (32.7%) and power electronics (14.79%) the largest components; ₹1,618 crore of materials were imported from China.

Company disclosed plans (via IPO proceeds) to allocate roughly ₹1,600 crore toward R&D going forward, alongside its FY24 R&D spend.

As part of a 2026 'structural reset,' quarterly opex was reduced from a peak of ₹840 crore to ₹484 crore, targeting ₹250-300 crore per quarter and an EBITDA breakeven around 15,000 units/month.