Ola Electric vs TVS Motor: Founders, CEOs and History
Ola Electric was founded in 2017 by Bhavish Aggarwal and is led by Bhavish Aggarwal. TVS Motor was founded in 1978 by T. V. Sundram Iyengar, Venu Srinivasan and is led by K. N. Radhakrishnan.
Company facts
Ola Electric
- Founded
- 2017
- Headquarters
- Bengaluru, Karnataka, India
- Current CEO
- Bhavish Aggarwal
TVS Motor
- Founded
- 1978
- Headquarters
- Chennai, Tamil Nadu, India
- Current CEO
- K. N. Radhakrishnan
- Employees
- 5,500
Founders
Ola Electric
Bhavish Aggarwal
Bhavish Aggarwal is the founder, Chairman and Managing Director of Ola Electric and co-founder of ride-hailing company Ola Cabs. He started Ola Electric in 2017, oversaw construction of the Futurefactory in 2021 and took the company public in August 2024.
TVS Motor
T. V. Sundram Iyengar
T. V. Sundram Iyengar (1877-1955) was a lawyer-turned-entrepreneur from Tamil Nadu who founded T.V. Sundram Iyengar & Sons in Madurai in 1911.
Venu Srinivasan
Venu Srinivasan, grandson of T. V. Sundram Iyengar, led the TVS two-wheeler business for decades.
CEOs and their tenures
Ola Electric
- Bhavish Aggarwal2017–present
Founder, Chairman & Managing Director
Founded Ola Electric, built the Futurefactory and gigafactory, and led the August 2024 IPO.
Source
TVS Motor
- K.N. Radhakrishnan2008–present
Director & Chief Executive Officer (CEO)
Ensured consistent double-digit operating EBITDA margins through disciplined procurement, driving the commercial execution behind the Jupiter, Apache, and iQube sales surges.
Source - Sudarshan Venu2022–present
Chairman & Managing Director
Under his leadership TVS sold a record 5.89 million vehicles in FY2026 and grew consolidated revenue to ~$6.5 billion (₹56,028 crore).
Source
Timeline: Ola Electric and TVS Motor side by side
1911TVS Motor
T.V. Sundaram Iyengar Founds TVS Group: Thirukurungudi Vengaram Sundaram Iyengar founds T.V.
1978TVS Motor
Establishment of TVS Motor Plant in Hosur: TVS establishes its two-wheeler manufacturing plant in Hosur, Tamil Nadu, producing the well-known TVS 50 2-stroke moped, mobilizing millions of Indian rural…
1982TVS Motor
TVS Suzuki Joint Venture Established: Partners with Japan's Suzuki Motor Corporation to manufacture modern 100cc Japanese motorcycles in India (TVS-Suzuki AX100 and Samurai).
2001TVS Motor
Amicable Separation from Suzuki & TVS Victor Launch: TVS and Suzuki amicably buy out joint venture shares; TVS launches the 100% indigenously developed TVS Victor 110cc commuter motorcycle, which beco…
2002TVS Motor
World's First Two-Wheeler Maker to Win the Deming Prize: TVS Motor Company is awarded the Deming Application Prize by the Union of Japanese Scientists and Engineers (JUSE) for total quality management…
2006TVS Motor
Launch of the TVS Apache Series: Introduces the TVS Apache performance motorcycle, originating from TVS Racing's factory track lineage, which grows into a 5-million-rider global sports franchise.
2013TVS Motor
BMW Motorrad Strategic Partnership: Signs long-term cooperation agreement with BMW Motorrad to co-develop and manufacture sub-500cc motorcycles (BMW G 310 R, GS, and TVS Apache RR 310) in Hosur.
2017Ola Electric
Founded as Electric Mobility Subsidiary of ANI Technologies
Bhavish Aggarwal established Ola Electric to pilot commercial EV fleets and charging infrastructure.
2019Ola Electric
Spun Off as an Independent Company
Ola Electric became a standalone company and raised funding from investors including SoftBank.
2020Ola Electric
Acquisition of Dutch EV Startup Etergo BV
Acquired Amsterdam-based Etergo to license its sleek AppScooter intellectual property and chassis.
2020TVS Motor
Acquisition of Norton Motorcycles (UK): Acquires historic British luxury superbike brand Norton Motorcycles for 16 million, building a modern factory in Solihull, England.
2021Ola Electric
Opening of 500-Acre Futurefactory & Launch of Ola S1
Constructed the automated Futurefactory in Tamil Nadu and launched the flagship Ola S1 and S1 Pro scooters.
2022Ola Electric
Selected for Government 20 GWh Advanced Chemistry Cell (ACC) PLI
Won the Indian government's Production Linked Incentive for domestic battery cell manufacturing.
2024Ola Electric
Landmark IPO on NSE/BSE Raising 6,145 Crore ($735M USD)
Successfully listed on the Indian stock exchanges, funding its 20 GWh battery cell Gigafactory.
2024TVS Motor
Surpassing 300,000 TVS iQube EV Deliveries: TVS iQube crosses 300,000 cumulative electric scooter sales, establishing TVS as India's top 2 electric two-wheeler manufacturer alongside Ola Electric.
2025Ola Electric
Market Share Slide and Cost Reset
Revenue fell to ~$524 million (₹4,514 crore) in FY25 as TVS and Bajaj overtook Ola in electric two-wheeler registrations.
2026Ola Electric
FY26 Revenue Halves; Gigafactory Ramp and New Fundraises
FY26 revenue fell to ~$261 million (₹2,253 crore); Ola raised ~$90.5 million (₹780 crore) via QIP, launched Mahashakti energy storage and approved a ~$116 million (₹1,000 crore) rights issue.
Acquisitions
TVS Motor
- Swiss E-Mobility Group (SEMG) & EGO Movement2022Undisclosed
- Norton Motorcycles (UK) Limited2020Undisclosed
Questions about Ola Electric vs TVS Motor
Who is the CEO of Ola Electric Mobility Limited and TVS Motor Company?
Ola Electric Mobility Limited is led by Bhavish Aggarwal and TVS Motor Company is led by K. N. Radhakrishnan. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Ola Electric Mobility Limited founded vs TVS Motor Company?
TVS Motor Company was founded in 1978 — 39 years before Ola Electric Mobility Limited, which was founded in 2017. TVS Motor Company's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Ola Electric Mobility Limited.
How many employees does Ola Electric Mobility Limited have compared to TVS Motor Company?
TVS Motor Company employs approximately 5,500 people. A verified employee count for Ola Electric Mobility Limited is not currently available.
Where are Ola Electric Mobility Limited and TVS Motor Company headquartered?
Both Ola Electric Mobility Limited and TVS Motor Company are headquartered in India, meaning they operate under the same primary regulatory and tax environment.
Who founded Ola Electric Mobility Limited and TVS Motor Company?
Ola Electric Mobility Limited was founded by Bhavish Aggarwal. TVS Motor Company was founded by T. V. Sundram Iyengar, Venu Srinivasan.
Which company has a longer operating history — Ola Electric Mobility Limited or TVS Motor Company?
TVS Motor Company has been operating for approximately 48 years, making it the more established of the two companies. Ola Electric Mobility Limited has been in operation for around 9 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Ola Electric vs TVS Motor overview