Ola Electric shifts from own stores to dealers
By Abha Lohia · Editor ·
Ola Electric: revenue, valuation and funding and every story →
BengaluruFounded 2017
- Ola Electric makes electric scooters and has so far sold them mainly through stores it runs itself across the country
- It stopped taking orders at those stores from November 1 and expects to close most of them by December
- Sales will now run through dealer partners, which the company says will cut costs and ease its working capital
What happened
- Ola Electric stopped orders at its own stores from 1 November.
- Most of these outlets should close by December.
- New vehicles now go through dealer partners.
- It had appointed 255 dealers running 319 stores.
Why it matters
- The change aims to lower costs and free up cash tied in operations.
- The company says demand is ahead of supply.
The business
- Ola Electric builds electric scooters in India.
- It began with a direct-to-consumer model of company-owned stores.
- It opened its network to dealers in August.
- Own stores will focus on brand experience.
The founders
In numbers
255Dealer partners · 2026
319Dealer stores · 2026
What happens next
- Close most company stores by December.
The numbers around it
Ola Electric has 8 funding rounds in StopDown's archive.
| When | Round | Amount | Led by |
|---|---|---|---|
| 3 November 2026 | Rights issue | ₹600 Cr | SoftBank |
| 28 October 2026 | Rights issue | ₹1,000 Cr | |
| 22 October 2026 | Rights issue | ₹1,000 Cr | Motilal Oswal |
| 7 October 2026 | Rights issue | ₹1,000 Cr | |
| 28 September 2026 | rights issue | ₹1,000 Cr | |
| 3 September 2026 | public | Rs 1,500 crore | |
| 2 June 2026 | public | ₹780.24 crore | Goldman Sachs |
| 26 October 2023 | Round | ₹3,200 Cr | Temasek |
Mobility & Logistics in November 2026: 4 rounds with a disclosed amount, $91.0 million in all; the biggest was Ola Electric (₹600 Cr). Every sector this year →
Terms in this story
- Startup debt: Startups raise debt to get money without giving up more ownership. Common forms in India are venture debt, working-capital lines, revenue-based financing and non-convertible debentures (NCDs). Debt can be a sign of strength or of stress, depending on why it is raised and how it will be repaid.
- Working capital: Working capital is the money a business needs to run day to day: current assets such as stock and amounts owed by customers, minus current liabilities such as bills owed to suppliers. A growing company often needs more of it, because it pays for goods and wages before customers pay it.
Read next
ResultsOla Electric Q2 FY27 loss narrows to ₹362 croreOla Electric makes electric two-wheelers and has faced heavy competition from Ather Energy, TVS, Bajaj and HeroFundingBaaz Bikes lines up ₹46 crore Series BBaaz Bikes rents electric scooters, with battery swaps included, to delivery workers on food and grocery apps through a monthly subscriptionPartnershipDelhivery to deploy 2,000 electric vansDelhivery is a logistics company that moves parcels and freight across India with a large intra-city delivery fleet
Everything on Ola Electric → · All startup news on 13 November 2026 →
Is this Ola Electric? Get your “Featured on StopDown” badge →