Ola Electric

Ola Electric Mobility, founded in May 2017 by Ankit Jain and Anand Shah, is headquartered in Bengaluru, India. The company specializes in electric vehicles (EVs) and is focused on creating a vertically integrated ecosystem for manufacturing EVs and core components like battery packs, motors, and vehicle frames at its Ola Futurefactory. Ola Electric aims to enhance the adoption of electric mobility in India by providing reliable and affordable transportation solutions, including shared daily mobility through leasing electric cars. In addition to its domestic focus, the company is exploring opportunities to export its EVs to select international markets, aiming to capitalize on the growing demand for electrification in the mobility sector.

Dibyendu Ghosh

Associate Director

2 past transactions

StoreDot

Corporate Round in 2022
StoreDot Ltd. is an innovative battery developer based in Ramat-Gan, Israel, founded in 2012. The company specializes in creating extreme-fast charging (XFC) batteries for electric vehicles and other applications. Its technology utilizes proprietary nano-materials combined with organic and inorganic compounds to enhance electro-chemical properties, allowing for rapid charging capabilities. StoreDot's approach is inspired by nature and aims to replace traditional materials with advanced alternatives that offer improved physical, chemical, electrical, and optical properties. The company leverages artificial intelligence algorithms to optimize battery performance, catering to the growing demands of electric vehicles and mobile devices. With a strong team of scientists and engineering experts, StoreDot is positioned to lead advancements in battery technology and materials innovation across various industries.

Etergo

Acquisition in 2020
Etergo is an innovative electric mobility company focused on developing smart electric scooters that promote the transition to sustainable transportation. Their flagship product, the AppScooter, integrates communication, music, and safety features into an intuitive app-centric interface. Designed for efficiency, Etergo's scooters accelerate 150 percent faster than traditional models and can travel up to 400 kilometers on a single charge, offering users a smart and effortless riding experience. Through its advancements in electric mobility, Etergo aims to demonstrate that electric vehicles are the future of transportation.
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