Ola Electric Mobility Ltd. Company History and Annual Growth Details

Our Company was incorporated as ‘Ola Electric Mobility Private Limited’ at Bengaluru, Karnataka as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated February 3, 2017, issued by the Registrar of Companies, Central Registration Centre. Subsequently, our Company was converted to a public limited company and the name of our Company changed to ‘Ola Electric Mobility Limited’ pursuant to a Shareholders’ resolution dated October 5, 2023 and a fresh certificate of incorporation dated November 17, 2023 was issued by the RoC.

Major Events and Milestones:

2022

-Started delivery of S1 Pro through OET, our Material Subsidiary

-Establishment of Ola Futurefactory

2023

-Establishment of OLA BIC in Bengaluru through OET, our Material Subsidiary

-Our Company entered into a memorandum of understanding with the Government of Tamil Nadu for Ola EV Hub

-Launch of first experience centre by Ola Fleet Technologies Private Limited

-Started delivery of Ola S1 through OET, our Material Subsidiary

2024

-Our Company became the first E2W company to cross 50,000 registrations in a single month (Source: Redseer Report)

-Our Company crossed 500,000 registrations in under 30 months

-Launch of 500th experience centre by Ola Fleet Technologies Private Limited