India’s electric vehicle (EV) revolution is not just about changing how we travel—it is also transforming how people invest. One of the most talked-about listings in the market right now is the Ola Electric IPO, a name that sits high on every savvy investor’s new upcoming IPO watchlist.
At a time when global conversations around climate change, clean energy, and sustainable transport are growing louder, Ola Electric’s move to tap the public markets has struck a chord. As the leading player in India’s electric two-wheeler space, the company is aiming to offer more than just scooters—it is offering a share in India’s green future.
From startup to EV frontrunner
Founded in 2017, Ola Electric began as an offshoot of Ola’s ride-hailing business. Within a few years, it charted its own course, focusing entirely on clean mobility. Today, Ola Electric is the country’s largest e-scooter maker, boasting a 31% market share. Its popular models, the S1 and S1 Pro, have become a common sight on Indian roads.
The company’s journey from a startup to an EV giant has been swift. Backed by prominent investors and fuelled by strong government policies promoting electric mobility, Ola Electric has captured public interest with both its product and purpose.
The IPO everyone’s talking about
Ola Electric has officially filed its Draft Red Herring Prospectus (DRHP) with SEBI, and though the final listing date is yet to be announced, the details are already generating buzz. The EV sector IPO is expected to raise around Rs. 1,900 crore, split between Rs. 429 crore as fresh issue and Rs. 1,471 crore through an offer for sale (OFS) by existing stakeholders.
These funds will likely be used to scale production, expand charging infrastructure, invest in R&D, and strengthen its pan-India footprint. The move to go public is a natural next step in Ola’s vision to lead the EV transition.
Investors with an eye on the future
What makes the Ola Electric IPO more than just another listing is the broader context. The EV market in India is heating up, and investors—especially younger ones—are paying close attention to companies that align with their values. Green mobility is no longer a distant goal; it is becoming mainstream, and Ola Electric sits at the heart of that movement.
Retail investors, who are now more active in IPOs than ever before, see Ola as a brand they already know and trust. For them, buying into the IPO is not just about returns—it is also about backing a vision they believe in.
A closer look at the company’s numbers
As per publicly available data, Ola Electric’s current market cap is around Rs. 18,980 crore, with shares recently priced at Rs. 43. But the road has not been without its bumps. Its ROE stands at -108% and ROCE at -28.1%, signalling ongoing operational challenges—common in high-growth sectors.
Despite this, the company’s ability to build scale quickly, invest in tech, and capture consumer mindshare cannot be ignored. Investors understand that growth-stage businesses often show red ink before turning profitable. What matters more is the long-term roadmap and Ola’s commitment to making EVs more accessible across the country.
Timing could not be better
The timing of this new upcoming IPO seems just right. In 2025 alone, fresh listings have significantly outperformed traditional indices. With investor sentiment buoyant and interest in sustainable ventures at an all-time high, Ola’s IPO may benefit from favourable tailwinds.
Moreover, the push for electric mobility is supported by robust government incentives, growing environmental awareness, and infrastructure upgrades. These factors together provide a strong foundation for companies like Ola Electric to scale responsibly.
What makes this IPO stand out?
Unlike traditional automotive or manufacturing listings, Ola Electric represents a new generation of companies—those that are digital-first, consumer-driven, and future-focused. It is more than a vehicle company. It is a tech-enabled mobility platform that controls everything from design and production to after-sales service through its digital app ecosystem.
That level of vertical integration is rare and is part of what gives the business its edge. It is not just selling scooters; it is building a mobility experience.
Risk factors investors must weigh
As with any IPO, there are risks that investors should be aware of. Ola Electric operates in a highly competitive market with both legacy players and nimble startups eyeing the same space. The company’s negative margins also mean that profitability is a key concern in the short term.
Another challenge lies in policy dependency. Government incentives have helped push early EV adoption, but any policy shift could impact costs and demand. Additionally, building a reliable, pan-India service and charging network is capital intensive.
Reading the DRHP carefully and understanding the risks will help investors make informed decisions. This IPO, like others, is not guaranteed to deliver overnight gains.
Retail participation could be high
The simplicity of online demat account openings and improved investor education means retail participation is at an all-time high. Many of today’s retail investors are millennials and Gen Zs who already use Ola Electric’s services or are considering buying an EV.
That familiarity could translate into stronger interest in the IPO. Unlike B2B tech listings or industrial manufacturers, a company like Ola has a direct consumer touchpoint, which adds a layer of trust for the everyday investor.
What this means for the EV sector
If Ola Electric’s IPO performs well, it could pave the way for more EV-related companies to head to the stock market. Battery manufacturers, EV infrastructure providers, and other green tech businesses may follow suit, creating an entirely new category for investors to explore.
For India, which is aiming for 30% EV adoption by 2030, public capital can help speed up innovation and infrastructure development. The market is ripe for change, and the IPO could be a sign of more transformation to come.
Final thoughts
The Ola Electric IPO is not just another listing—it is a reflection of where Indian mobility is heading. With increasing interest in the EV sector IPO space and more names being added to the new upcoming IPO list, it is clear that investors are ready to back businesses that prioritise both growth and sustainability.
Whether you are an experienced investor or just starting your journey, Ola’s listing offers a glimpse into a cleaner, smarter transport future—and perhaps, a chance to be a part of it.
