Ola Electric Goes Global, Plans To Set Up New R&D Center In The UK

Published January 28, 2022
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The center will birth both two- and four-wheelers and the company has set aside around Rs 750 crore for the project

Ola Electric Goes Global, Plans To Set Up New R&D Center In The UK highlights

Ola Electric is going global, and to that end, it has announced the new Ola FutureFoundry R&D centre. This news comes soon after the company recently received funding worth around Rs 1,400 crore.

The Ola FutureFoundry will be set up in Coventry, UK. All vehicle engineering and designing of the company's future EVs (two- and four-wheelers) will be carried out there.

Ola Electric Goes Global, Plans To Set Up New R&D Center In The UK details

The folks at the Ola FutureFoundry will work in tandem with the company's Bengaluru team. As of now, the company has set aside a generous $100 million (around Rs 750 crore) for this project, and it'll be invested over a five-year period.

Along with vehicle R&D, the center will also work on battery cell technology, which could help Ola improve the range of its offerings while cutting down production costs.

Ola plans to appoint around 200 designers and automotive engineers at the FutureFoundry.

Ola Electric Goes Global, Plans To Set Up New R&D Center In The UK overview

Last year, the company debuted its first EV, the S1 e-scooter, in India. It comes in two variants: standard (Rs 99,999) and Pro (Rs 1,29,999). Both prices ex-showroom Delhi, FAME-II benefits included.

The company has now opened the second purchase window for the S1 Pro e-scooter.

https://www.zigwheels.com/news-features/general-news/top-five-best-selling-bikes-in-december-2021/44604/

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