Ola Electric

Ola Electric Mobility is an Indian company that specializes in electric vehicles (EVs) and their components. Founded on May 26, 2017, by Ankit Jain and Anand Shah, the company is headquartered in Bengaluru. Ola Electric is dedicated to enhancing electric mobility by developing vertically integrated technology and manufacturing capabilities for EVs, including battery packs, motors, and vehicle frames. It operates the Ola Futurefactory, where it produces these core EV components. The company also focuses on leasing electric cars and providing shared daily mobility solutions. Additionally, Ola Electric is building charging and battery swapping networks to ensure convenient and reliable access to electric mobility. As part of its growth strategy, the company aims to capitalize on the electrification of transportation in India and explore export opportunities in select international markets.

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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