Z47 backed Ola Electric makes IPO debut

Ola Electric today officially made its IPO debut, raising over ₹6,000 crores, marking a significant milestone in its journey as a leader in India’s electric vehicle sector. As privileged early partners in this journey, we extend our heartfelt congratulations to Bhavish Aggarwal, the Ola Electric leadership team and their families for this remarkable achievement. We support your vision to transform the future of electric mobility.

Less than four years ago, Ola Electric announced its plan to create the world’s largest 2-wheeler scooter factory. In the short period since then, with over 1.5 million electric vehicles sold to date, Ola Electric has established itself as the most innovative and successful electric 2-wheeler player. Their bikes have resonated with consumers, offering cutting-edge technology, exceptional performance, customer experience and after-sales service.

With this IPO, a new journey begins, empowering Ola Electric to further expand operations. Very few companies and founders have made this large an impact in this short period of time. This underscores the dedication and hard work of Bhavish and his team, and their vision to transform the EV manufacturing and mobility landscape in India and beyond. India has the potential to be the EV hub for the world with the Ola Electric ecosystem at the heart of this transformation.

Congratulations again to Bhavish, the Ola leadership team, and their families on this momentous occasion!