Monday, 06 July 2026India Venture Review · Vol. I · 2026Live · ₹4,200 Cr tracked this quarter
ClimateTech · Bengaluru
Ola Electric
Mass-market EV manufacturer
Stage
Growth
Total funding
$1.20B
₹9.96K Cr
Founded
2017
HQ
Bengaluru
The biography of a startup, told through capital
Funding Journey
From founding to today
10 rounds · $1.20B raised over 8.6 yrs
Founded 2017
Latest · 03 Aug 2026
First institutional cheque
$1M
Seed
Jan 2018
Start
Product-market fit
$2M
Series A
Jun 2019
$5M
Series B
Nov 2020
$11M
Series C
May 2021
$24M
Series D
Oct 2022
$52M
Series E
Apr 2023
$115M
Series F
Sept 2024
$253M
Series G
Mar 2025
$180M
Growth
Feb 2026
Expansion funding
$557M
Series H
Aug 2026
Today
Capital growth
How Ola Electric scaled, in capital raised
Cumulative · USD
Funding Intelligence
Largest round
$557M
Series H · 2026
Most active lead
Blume Ventures
3 rounds led
Capital growth
$1M → $1.20B
Cumulative raised
First → latest
8.6 yrs
2018 → 2026
Avg. between rounds
12 mo
Pace of fundraising
Total rounds
10
Seed to today
Every cheque, on record
All Funding Rounds
Showing 8 of 10 roundsTotal raised · $1.20B
- 03 Aug 2026Series H$557M₹4.62K Cr
- 05 Feb 2026Growth$180M₹1.49K Cr
- 23 Mar 2025Series G$253M₹2.10K Cr
- 16 Sept 2024Series F$115M₹955 Cr
- 09 Apr 2023Series E$52M₹432 Cr
- 02 Oct 2022Series D$24M₹199 Cr
- 22 May 2021Series C$11M₹91 Cr
- 15 Nov 2020Series B$5M₹42 Cr
Why it matters
Startup Intelligence
- What they do
- Ola Electric is a ClimateTech company headquartered in Bengaluru, focused on mass-market ev manufacturer.
- Problem solved
- Tackling structural inefficiency in India's climatetech value chain.
- Why investors care
- Strong Growth traction, India-first distribution, and capital efficiency.
- What to watch next
- Expansion of ARR, geographic reach beyond Bengaluru, and upcoming round signals.
In the press
News & Articles
- The Economic Times12 Jun 2026Ola Electric eyes 2x ARR growth as it doubles down on climatetech expansion
Founders outline the next 18-month roadmap and hiring plans across Bengaluru and beyond.
- Inc4204 May 2026Inside Ola Electric's playbook: how it built a defensible moat in Indian climatetech
A deep-dive into product strategy, GTM motion, and how investors evaluate the next milestone.
- YourStory21 Mar 2026Ola Electric hires senior leadership ahead of the next funding round
New CXO appointments signal scale-up ambitions and operational maturity.
- Moneycontrol08 Feb 2026Analyst view: why Ola Electric is one to watch in ClimateTech
Sector benchmarks, comparable multiples, and what could drive the next valuation step-up.