Bhavish Aggarwal's Journey to Becoming One of Youngest Billionaires
Bhavish Aggarwal driving OIa electric scooter.
Ola achieved unicorn status within two years, with investments from SoftBank and Tiger Global.
In 2021, Bhavish Aggarwal’s ambitious plans for Ola Electric were challenged when a scooter caught fire in Pune, casting doubt on his vision to build the world’s largest e-scooter factory.
Despite this setback, Aggarwal, often compared to Elon Musk for his boldness, managed to turn the situation around.
Today, following Ola Electric’s successful public listing, the 38-year-old is set to become one of the world’s youngest billionaires, with a net worth of $2.6 billion after a 16% surge in the company’s shares.
Ola Electric, despite reporting a ₹1,470 crore loss in FY 2023, is part of a wave of Indian electric vehicle companies capitalizing on the growing demand for alternative fuels.
The company reached unicorn status within two years, supported by early investments from SoftBank and Tiger Global.
Aggarwal, a serial entrepreneur with ventures across various industries, is seen as a symbol of Prime Minister Narendra Modi’s vision of an assertive India.
Known for his outspoken nature, he criticised Tesla's recent decision not to invest in India, viewing it as a missed opportunity for the company rather than a loss for the country.
His strategic, data-driven ventures continue to fuel his other businesses, reinforcing his influence on the global business stage.
