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Business EconomyPosted at: Jan 27 2022 11:43PM


Ola to invest over $100m

Bengaluru, Jan 27 (UNI) Ola Electric, India’s leading manufacturer of EVs, on Thursday announced Ola Futurefoundry, its global center for advanced engineering and vehicle design.
The 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-synch 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.
It will also house talent that will focus on vehicle R&D around new energy systems including cell technologies.
Ola will invest over US$100M over the next 5 years into the state-of-the-art center and staff it with over 200 designers and automotive engineers. 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 “At Ola we are building the future of mobility and continue to attract the best global talent across disciplines. 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.
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