Ola Electric Mobility Limited

OLA Electric stands as a prominent player in India's electric vehicle (EV) landscape, exclusively dedicated to EVs. They are actively engaged in constructing a comprehensive infrastructure for EVs, encompassing technology and manufacturing capabilities, including cell production. Operations take place at the Ola Future factory, where they craft EVs and essential components such as battery packs, motors, and vehicle frames. The company strategically focuses on seizing opportunities emerging from the growing trend of electrifying mobility in India. Additionally, they harbor ambitions to venture into international markets, having delivered four products and unveiled six more since their initial product announcement in August 2021. Starting the EV journey with the Ola S1 Pro in December 2021, OLA subsequently rolled out the Ola S1 (September 2022), Ola S1 Air (August 2023), and Ola S1 X+ (December 2023). Further expanding their product line, OLA introduced new EV scooter models, namely Ola S1 X (2 kWh) and Ola S1 X (3 kWh), along with a line-up of motorcycles – Adventure, Diamondhead, Roadster and Cruiser on August 15, 2023.