Market Cap
12504.70 Cr.Face value
10.00Book value
8.24Div. yield
0.000P/E ratio
0.00P/B ratio
3.44Debt/Eq.
0.59Market Cap
12504.70 Cr.Face value
10.00Book value
8.24Div. yield
0.00%P/E ratio
0.00P/B ratio
3.44Debt/Eq.
0.59
Ola Electric manufactures electric scooters and develops core EV components in-house, including battery packs and motors, supported by its cell Gigafactory.
Ola Electric operates across 30 Indian states with two plants and two offices domestically, and three overseas offices for R&D and technology development. The Company reported Nil exports during FY2024–25.
Ola Electric listed on August 9, 2024, following an IPO of 80,86,99,624 equity shares at ₹76 per share. Net proceeds were allocated towards Gigafactory capex, subsidiary debt repayment, R&D, growth initiatives, and general corporate purposes.