Electric chief executive of Ola Electric, Bhavish Aggarwal, posted an ambiguous tweet containing a picture of an idea of an electric car that excited the auto fanatics. After two days of this tweet, Ola, the organization, announced on Thursday that they would invest over $100 million to start a worldwide center for engineering and vehicle design in Coventry, UK. Sources have told “Business Today” that the company plans to set up a battery-producing firm in India with another tremendous venture corpus.
The $100 million investment into Ola’s new engineering and vehicle design center will happen over five years, and Ola will staff it with over 200 designers and automotive engineers. Ola is exploring the land to set up a future manufacturing plant for its aggressive Ola Electric vehicle as the creation offices post a $200 million capital raise.
Bhavish Aggarwal, CEO of Ola, tweets an image of the Ola Electric vehicle prototype. According to sources, it is one of a handful of the design group’s idea plans. According to Ola, they are building a future of mobility and will attract the best global talent across disciplines. Ola will enable engineering talent in the UK to create the generation of electric vehicles. “It will work in collaboration with our headquarter in Bengaluru to help us build future mobility”, Aggarwal said in a statement.I hope you will find this news interesting!