What is Ola Electric founder & CEO Bhavish Aggarwal's net worth?
Ola Electric Shares Soar After Quarterly Update
On 14 July 2025, Ola Electric's share price witnessed a remarkable surge of 18.36%, rising to Rs 47.13 at NSE. This jump followed a crucial board meeting scheduled to review the company's quarterly financial performance.
The company currently boasts a market capitalisation of Rs 20,951.44 crore, showcasing strong investor confidence ahead of the results. The spike in Ola Electric shares reflects the growing anticipation surrounding its revenue and profitability numbers, especially as India's EV revolution gains momentum.
How Did Ola Electric Perform Financially?
The financial report for June 2025 revealed that Ola Electric generated revenue of Rs 828 crore, marking a steady improvement from Rs 611 crore in March 2025. However, the company continues to operate at a loss, reporting a net loss of Rs 428 crore for the quarter.
Here's a quick look at its quarterly revenue and losses:
June 2025: Rs 828 crore revenue, Rs 428 crore loss
March 2025: Rs 611 crore revenue, Rs 870 crore loss
December 2024: Rs 1,045 crore revenue, Rs 564 crore loss
September 2024: Rs 1,214 crore revenue, Rs 495 crore loss
June 2024: Rs 1,644 crore revenue, Rs 347 crore loss
Despite fluctuations, the trend shows that the company is trying to narrow its losses and stabilise operations.
Annual Revenue and Profit Trends
Looking at the yearly data, Ola Electric's revenue for 2025 stood at Rs 4,514 crore, compared to Rs 5,009.83 crore in 2024. The net loss widened to Rs 2,276 crore in 2025, up from Rs 1,584.4 crore in 2024.
The basic earnings per share (EPS) figures highlight continued negative returns:
March 2025: -Rs 5.48
March 2024: -Rs 4.35
March 2023: -Rs 3.91
March 2022: -Rs 2.23
In terms of cash flow:
Operating activities: -Rs 2,391 crore
Investing activities: -Rs 2,864 crore
Financing activities: +Rs 5,429 crore
The balance sheet shows total assets and liabilities of Rs 11,075 crore, with share capital at Rs 4,411 crore and reserves at Rs 732 crore, as reported in Money Control.
Bhavish Aggarwal's Net Worth in 2025
According to Forbes, as of 14 July 2025, Bhavish Aggarwal's net worth is estimated at $1.9 billion (approximately Rs 16,000 crore). This staggering figure places him among the youngest self-made billionaires globally, proving his business acumen and risk-taking mindset.
His fortune largely comes from his stakes in Ola Electric, which went public in August 2024 and reached a valuation of nearly $7 billion. The performance of Ola Electric shares has played a significant role in shaping his net worth.
Who is Bhavish Aggarwal?
Bhavish Aggarwal was born in Ludhiana, Punjab, and graduated from IIT Bombay with a degree in computer science. He co-founded Ola Cabs in 2010 with Ankit Bhati after a poor taxi experience inspired him to disrupt India's transportation system.
Since then, he has turned Ola into a household name, expanding its reach to over 250 cities across India and countries like Australia, New Zealand, and the UK. His bold vision and tech-forward approach earned him a spot on Time Magazine's list of the 100 Most Influential People in 2018.
Bhavish Aggarwal's Growing Business Empire
1. Ola Cabs
Launched in 2010, Ola changed urban mobility in India, making cab rides more accessible, reliable, and tech-driven.
2. Ola Consumer
Under this umbrella, Bhavish ventured into financial services and cloud kitchens, diversifying beyond transportation.
3. Ola Electric
Founded in 2017, this electric vehicle company focuses on e-scooters, motorcycles, and EV batteries. Ola Electric's IPO in 2024 solidified its place in the EV market despite operational losses.
4. Krutrim AI
In 2023, Aggarwal founded Krutrim, an AI startup specialising in large language models, cloud services, and Indic language translation. By 2024, Krutrim became India's first AI unicorn, valued at $1 billion, showcasing his futuristic vision in artificial intelligence.
Bhavish Aggarwal's Journey of Innovation
Despite the financial challenges faced by Ola Electric, Bhavish Aggarwal's net worth continues to grow, thanks to his diversified business interests and investor trust in his ideas. The rise in Ola Electric share price is not just a market response—it's a reflection of faith in a founder who dares to innovate and lead India towards a sustainable future.
With his eyes set on AI and sustainable transport, Bhavish Aggarwal is set to remain a key player in India's entrepreneurial story for years to come.
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