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.
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2 past transactions
StoreDot
Corporate Round in 2022
StoreDot is an Israeli battery technology company specializing in extreme fast charging for electric vehicles and mobile devices. It develops and commercializes battery technologies that combine nano-structural materials with organic and inorganic compounds and proprietary electrolytes, with artificial intelligence to optimize performance and charging dynamics. The company aims to deliver faster charging, higher energy density, and safer operation by replacing conventional materials with advanced designs inspired by nature. Founded in 2012 and headquartered in Ramat-Gan, StoreDot positions itself as a materials and device innovator striving to accelerate the adoption of electrified transport and consumer devices through XFC capabilities.
Etergo
Acquisition in 2020
Etergo is an innovative electric mobility company that specializes in the development of smart electric scooters. Its flagship product, the AppScooter, enhances the electric vehicle experience by integrating communication, music, and safety features into a user-friendly app-centric interface. Designed to accelerate the transition to electric mobility, Etergo's scooters boast impressive performance, with the capability to accelerate 150 percent faster than traditional models and a modular electric drivetrain that allows for a range of up to 400 kilometers. Through its advanced technology, Etergo aims to demonstrate that electric transportation is not only the future but also a practical and efficient solution for modern mobility.
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