scorecardresearch

Ola Electric To Set-up Global Center For Advanced Engineering And Vehicle Design in UK

Ola Electric has announced that it will set up its Global Center For Advanced Engineering And Vehicle Design in the UK. The company will invest over US$100M over the next 5 years.

Ola Electric Car

Electric two-wheeler start-up, Ola Electric on Thursday announced Ola Futurefoundry, its global center for advanced engineering and vehicle design. The company will invest over US$100M over the next 5 years into the center and staff it with over 200 designers and automotive engineers. 

This center will be based in Coventry, the UK, a global hub for the best automotive design and engineering talent in the world. Ola Futurefoundry will work in sync with the design and engineering teams based at Ola Campus in Bangalore, India. 

It will house global talent across multiple disciplines of 2W and 4W vehicle design, advanced high-performance automotive engineering, digital & physical modeling, and more. 

Ola Electric scooter will come in 10 colour options

It will also house talent that will focus on vehicle R&D around new energy systems including cell technologies. The center will also partner with world-class education and research institutions in the UK to collaborate on technology research and development.

Bhavish Aggarwal, Founder & CEO, Ola said “Ola Futurefoundry will enable us to tap into the fantastic automotive design & engineering talent in the UK to create the next generation of electric vehicles. Futurefoundry will work in close collaboration with our headquarters in Bangalore, India to help us build the future of mobility as we make EVs affordable across the world.”

“We want to create a world-class design and R&D team with global sensibilities. Ola Futurefoundry is an important step in building a multi-disciplinary team that is agile, flexible, and responsive to the various needs of our consumers around the world. We are setting up in Coventry a global epicenter of automotive and technology talent. Futurefoundry will supplement and collaborate with our core team in Bangalore, India to deliver exciting new EVs across two-wheeler, four-wheeler, and other form factors.” said Wayne Burgess, Vice President of Vehicle Design, Ola Electric.

Get live Share Market updates and latest India News and business news on Financial Express. Download Financial Express App for latest business news.