Ola Electric Appoints Jitesh Shah to Lead After-Sales Vertical

Jitesh Shah, a former executive of BYJU'S, has been named by Ola Electric to lead its after-sales and services segment.

Shah will answer directly to Bhavish Aggarwal, the managing director and co-founder of Ola Electric.

In his new role, Shah will lead the expansion of Ola’s service centers and fast-charging network.

He will also oversee the extension of warranty on all new scooter sales, as announced by the company in February.

According to sources. Shah began working at Ola Electric a few months ago, just before the firm filed its draft listing papers with the public markets regulator,

Previously, Shah held a top executive position at BYJU’S, overseeing business verticals along with another senior executive.

From BCG to BYJU'S: Jitesh Shah's Career Path Leading to Ola Electric

Before joining BYJU’s in July 2022, Shah spent over 14 years at the consulting giant Boston Consulting Group, rising to the position of Managing Director and Partner.

Ola Electric, a brainchild of Ola Cabs cofounder Aggarwal, is an EV manufacturer with a portfolio of five scooter models.

The company operates a full-fledged omnichannel distribution network, including 935 experience centers and 414 service centers, as of October 2023.

Aggarwal announced plans to significantly expand the company’s infrastructure in February, aiming to increase fast-charging points from 1,000 to 10,000 and service centers from 400 to 600 by April 2024.

Additionally, the warranty for all scooter models was extended by the manufacturer to 80,000 kilometers or 8 years.

Ola Electric Set to Launch Electric Auto Rickshaw Ahead of IPO

Ola Electric finalized plans to launch an electric auto-rickshaw on March 13, aligning with upcoming announcements and the strategy ahead of its IPO.

In December, Ola Electric filed its draft red herring prospectus for an INR 7,250 Cr IPO, comprising a fresh issue of INR 5,500 Cr and an offer-for-sale (OFS) component of INR 1,750 Cr.

Major investors such as Softbank, Temasek, Tiger Global, and others are slated to participate in the OFS.

In October, Ola Electric raised an INR 3,200 Cr funding round from investors including Temasek and SBI.