Startup Atlas · Automotive
Ola Electric ListedUnicorn
Bhavish Aggarwal · Founder & CEO / Managing Director
Anand Shah · Co-founder
$1.44 BnTotal funding (tracked)
9Funding rounds
9 Aug 2024Last round
11,760Team size (sourced)
Ola Electric: Funding Rounds
Disclosed round amounts over time, USD millions.
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 9 Aug 2024 | IPO (NSE: OLAELEC / BSE: 544225) | ₹5,500.06 crore fresh issue (₹6,145.56 crore total incl. OFS) | source | |
| 26 Oct 2023 | Series E extension + Debt | $384.43 Mn ($144.43 Mn equity + $240 Mn debt) | Temasek State Bank of India | source |
| 24 May 2023 | Series E | $300 Mn | source | |
| 24 Jan 2022 | Series D | $200+ Mn | Alpine Opportunity Fund Edelweiss Tekne Private Ventures | source |
| 9 Dec 2021 | Series C (extension) | $53 Mn (₹398 crore) | Temasek Edelweiss PE IIFL | source |
| 30 Sep 2021 | Series C | $200+ Mn | Falcon Edge Capital SoftBank | source |
| 1 Jul 2019 | Series B | $250 Mn | SoftBank Vision Fund | source |
| 6 May 2019 | Series A (individual investor) | Undisclosed | Ratan Tata | source |
| 28 Feb 2019 | Seed / Series A | ₹400 crore (~$56 Mn) | Tiger Global Management Matrix Partners India | source |
Ola Electric: Investors
Temasek State Bank of India Alpine Opportunity Fund Edelweiss Tekne Private Ventures Edelweiss PE IIFL Falcon Edge Capital SoftBank SoftBank Vision Fund Ratan Tata Tiger Global Management Matrix Partners India
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 28 May 2020 | Ola Electric | etergo-bv-amsterdam-based-electric-scooter-maker | Undisclosed deal price; Etergo later implied-valued at ~€3.75 Mn (~$4.44 Mn) per investor share-redemption calculations | source |
FAQs on Ola Electric
How much funding has Ola Electric raised?
Ola Electric has raised $1.44 Bn across 9 tracked funding round(s), most recently on 2024-08-09. Figures are compiled from cited public sources.
Who are the investors in Ola Electric?
Investors in Ola Electric include Temasek, State Bank of India.
Sources & corrections.
Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: techcrunch.com · Last verified 13 Jul 2026. · Report a correction