Ola Electric Mobility Ltd (Ticker: OLAELEC [NSE], 544225 [BSE]) is a Softbank-backed Indian electric scooter manufacturer. The company, the market leader in EV scooters in India, plans to list on August 9, 2024, on the BSE and NSE in India. Ola Electric aims to raise $734 million through its IPO, with $656 million from fresh shares.
The company operates India's largest integrated and automated two-wheeler electric vehicle manufacturing plant on over 400 acres in Krishnagiri, Tamil Nadu. Ola Electric also has R&D facilities in India, the UK, and the US, focusing on battery technology and EV components. The company employs 959 people in R&D and holds 304 patents.

The IPO is the largest listing in India so far in 2024.