Founder Bhavish Aggarwal, at present the corporate’s largest shareholder with a 36.9% stake, and SoftBank’s SVF II Ostrich (DE) LLC, with a stake of twenty-two%, will probably be promoting shares within the IPO. Ola Electric plans to boost as much as Rs 5,500 crore by the issuance of shares, with Bhavish Aggarwal providing 4,73,94,014 shares and SVF II promoting 2,38,57,268 shares as per the DRHP.

 

The internet proceeds from the IPO will probably be allotted in the direction of growing cell manufacturing capability, debt reimbursement, and funding analysis and product growth at their upcoming Giga manufacturing unit in Krishnagiri, Tamil Nadu. Ola Electric, holding a major market share of over 30% within the electrical two-wheeler market, notably competes with manufacturers like Bajaj Auto, TVS Motors, Ather Energy, and Hero MotoCorp. Their product lineup consists of three electrical scooters – S1 Pro, S1 Air, and S1 X, with the latter having three variants with battery capacities starting from 2 kWh to 4 kWh. Ola Electric can also be creating a variety of electrical bikes, with the primary mannequin anticipated to be launched within the first half of fiscal yr 2026. For the monetary yr 2023, Ola Electric reported a consolidated internet lack of Rs 1,472.08 crore, attributing it to heightened working expenditure on account of product and gross sales growth.

 

Also see: Ola Electric bike India launch in FY2026