- Business
- Ola Electric Mobility Limited (OLAELEC.NS) manufactures electric two-wheelers and core components including battery packs, motors, and vehicle frames at its Ola Futurefactory in Krishnagiri, Tamil Nadu; offers the S1 scooter series in variants such as S1 Pro, S1 Pro+, S1 Air, S1 X, and S1 X+ powered by the third-generation platform with up to 320 km range, MoveOS software, and 4680 Bharat Cells; and produces the Roadster electric motorcycle series including Roadster X, Roadster X+, Roadster, and Roadster Pro with deliveries commencing in 2025. Founded in 2017 and headquartered in Bengaluru, India, the company operates an omnichannel distribution network across India with over 4,000 stores and service centers targeting urban and rural consumers in the electric vehicle sector; it maintains R&D facilities in India, the UK, and the US, including a Battery Innovation Center, and is developing the Ola Gigafactory for in-house lithium-ion cell production. Recent developments include the launch of Gen-3 S1 scooters and Roadster motorcycles in 2025 with ARAI and PLI certifications, expansion of the Hyperservice platform into an open network for independent garages with genuine spares and training as of December 2025, nationwide in-app service appointments, board approval in October 2025 for up to Rs 1,500 crore fundraising via equity or convertible securities to support operations and expansions, and the introduction of Ola Shakti for the battery energy storage systems market; the auto business achieved profitability in Q2 FY26 with gross margins expanding to 37%.