Ola Electric vs VinFast: Founders, CEOs and History
Ola Electric was founded in 2017 by Bhavish Aggarwal and is led by Bhavish Aggarwal. VinFast was founded in 2017 by Pham Nhat Vuong and is led by Pham Nhat Quan Anh.
Company facts
Ola Electric
- Founded
- 2017
- Headquarters
- Bengaluru, Karnataka, India
- Current CEO
- Bhavish Aggarwal
VinFast
- Founded
- 2017
- Headquarters
- Haiphong, Vietnam
- Current CEO
- Pham Nhat Quan Anh
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.
VinFast
Pham Nhat Vuong
Pham Nhat Vuong is the founder and chairman of Vingroup and is ranked by Forbes as Vietnam's richest person.
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
VinFast
- Le Thi Thu Thuy2021–2026
Global CEO; later Chairwoman
As Global CEO, she acts as the absolute driving operational force attempting to brutally pivot the Vietnamese conglomerate into a massive global electric vehicle powerhouse against intense Western skepticism.
Source - Pham Nhat Vuong2024–2026
Founder; Global Chief Executive Officer
Founded VinFast in 2017 as Vingroup chairman and took the CEO role himself in January 2024, leading the VF 3 launch and the opening of plants in Ha Tinh, India and Indonesia before handing the post to his son in September 2026.
Source - Pham Nhat Quan Anh2026–present
Global Chief Executive Officer
Appointed chairman of VinFast's board effective May 23, 2026, replacing Le Thi Thu Thuy, then named global CEO in September 2026, succeeding his father, founder Pham Nhat Vuong. He also became chairman and CEO of VinFast Vietnam.
Source
Timeline: Ola Electric and VinFast side by side
2017Ola Electric
Founded as Electric Mobility Subsidiary of ANI Technologies
Bhavish Aggarwal established Ola Electric to pilot commercial EV fleets and charging infrastructure.
2017VinFast
VinFast founded
Broke ground on the Hai Phong car plant in September 2017.
2018VinFast
Paris Motor Show debut
Showed the Pininfarina-styled Lux A2.0 and Lux SA2.0.
2018VinFast
Acquired General Motors Vietnam
VinFast acquired General Motors Vietnam.
2019Ola Electric
Spun Off as an Independent Company
Ola Electric became a standalone company and raised funding from investors including SoftBank.
2019VinFast
Hai Phong plant opens
Began customer deliveries in Vietnam.
2020Ola Electric
Acquisition of Dutch EV Startup Etergo BV
Acquired Amsterdam-based Etergo to license its sleek AppScooter intellectual property and chassis.
2020VinFast
Acquired Lang Lang Proving Ground (Australia)
VinFast acquired Lang Lang Proving Ground (Australia).
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.
2021VinFast
First Electric Car Delivered
VinFast began delivering its first electric car, the VF e34, in Vietnam in December 2021.
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.
2022VinFast
EVs only
Ended petrol car production and shipped its first VF 8s to the US.
2023VinFast
Nasdaq listing (VFS)
Listed on August 15, 2023, after merging with Black Spade Acquisition Co.
2023VinFast
North Carolina Plant Groundbreaking
VinFast broke ground on a factory in Chatham County, North Carolina, in July 2023.
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.
2024VinFast
Founder named CEO
Pham Nhat Vuong became CEO in January; the VF 3 launched and North Carolina production was pushed to 2028.
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.
2025VinFast
Revenue reaches ~$3.47 billion (VND 90.2 trillion)
Revenue of ~$3.47 billion (VND 90.2 trillion) on 196,919 EV deliveries; plants opened in Ha Tinh, India and Indonesia.
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.
2026VinFast
Pham Nhat Quan Anh becomes CEO
Became chairman in May and global CEO in September; North Carolina sued over the delayed plant in May.
Acquisitions
VinFast
- Ngoc Hoi2026Undisclosed
- Future Investment Research and Development JSC2026Undisclosed
- VinES Energy Solutions2023Undisclosed
- Black Spade Acquisition Co.2023Undisclosed
- Lang Lang Proving Ground (Australia)2020Undisclosed
- General Motors Vietnam2018Undisclosed
Questions about Ola Electric vs VinFast
Who is the CEO of Ola Electric Mobility Limited and VinFast?
Ola Electric Mobility Limited is led by Bhavish Aggarwal and VinFast is led by Pham Nhat Quan Anh. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Ola Electric Mobility Limited founded vs VinFast?
Both Ola Electric Mobility Limited and VinFast were founded in 2017, making them the same age.
Where are Ola Electric Mobility Limited and VinFast headquartered?
Ola Electric Mobility Limited is headquartered in India and VinFast is headquartered in Vietnam. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Ola Electric Mobility Limited and VinFast?
Ola Electric Mobility Limited was founded by Bhavish Aggarwal. VinFast was founded by Pham Nhat Vuong.
Which company has a longer operating history — Ola Electric Mobility Limited or VinFast?
Ola Electric Mobility Limited has been operating for approximately 9 years, making it the more established of the two companies. VinFast 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 VinFast overview