From making high-powered lithium ion cells that can charge faster and extend the range of electric vehicles to developing India’s own silicon chip, Ola founder Bhavish Aggarwal on Thursday laid out a road map for the group that is seeking to compete with global majors in these segments.

Speaking at Ola’s annual launch event Sankalp, Aggarwal said that Ola Electric has emerged as the 5th largest EV company by market cap globally (excluding China) after Tesla, Rivian, VinFast Auto and Lucid Motors and the fourth largest EV company by revenue globally (excluding China).

He also said that the company has developed Bharat 4680 lithium ion cell and battery pack, which will be integrated into its vehicles by Q1FY26 and will also see wider applications such as powering microgrids in the future. The company also showcased its Gen 3 vehicle platform, electric motorcycles Roadster, Roadster X, Roadster Pro and MoveOS 5 software at the event.

“Today 2/3rd of India’s two-wheeler market consists of motorcycles and with Ola’s entry into the segment, EV penetration is poised to further accelerate,” Aggarwal said adding that more models in the two-wheeler segment are in the pipeline.

The company is also expanding the capacity of its factory at Krishnagiri, Tamil Nadu from the present 1.5 GWh to 5 GWh this fiscal, 20 GWh by 2026 with ambitions to scale up to 100 GWh by 2030. Part of the proceeds from the ₹6,145 crore initial public offer would be used to support some of the expansion.

Aggarwal further said that group company Krutrim, which has become India’s first AI unicorn, will launch its first family of chips called Bodhi for AI, Sarv for general compute and Ojas for Edge. The company will design and develop the AI silicon chip by 2026 and a more state-of-the- art version called Bodhi 2 by 2028.

The company has also signed strategic partnerships with Arm and Untether AI to realise its chip vision for India. Along with the announcement of the launch of over 50 services on Krutrim cloud, the company also announced its aim to expand data centre capacity to 1 GW by 2028.

“India being the source to 20 per cent of the world’s data and home to one of the largest tech talent pools, is fully equipped to lead the AI wave. With Krutrim, we are focussed on making India technologically independent and are making rapid progress in developing full stack AI capabilities, silicon upwards,” Aggarwal said.

The company’s consumer focused arm Ola Consumer will also partner with ONDC to make commerce accessible, affordable and efficient. AI shopping copilot, electrification of last mile delivery, fully automated dark stores, credit on demand were among some of the announcements from Ola Consumer at the event.

“In the last six months we have progressed beyond mobility and powered OLA Consumer with technology innovations, redefining commerce for India, while delivering more value to our consumers,” Aggarwal said.