Startup Titans of India: Decoding the Record of High-Net Worth & Net Value
Ola Electric
Key Management: Bhavish Aggarwal, Founder & CEO
Net Worth: $ 4 billion
Competitors: Ather Energy, PURE, Hero Electric, Bounce, and Simple Energy
Established in the year 2017 by the most successful entrepreneur of India, Bhavish Aggarwal, Ola Electric is a strategic electric two-wheeler manufacturer of India that emphasizes on designing, manufacturing & engineering EV products & services. The company is a fully-owned subsidiary of the parent company of Ola Cabs, ANI Technologies. The company was started with a mission to minimize the emission & dependability on fuels through electric mobility. Over 13 funding rounds, the company has raised a total funding of $1 billion. Led by EvolutionX, the latest funding round of Ola Electric raised $49 million, which was a conventional debt round held on April 1, 2024. The company serves for diverse sectors such as energy tech, auto tech, logistics, public sector, environment tech & so on.
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