Ola Electric Sets Up R&D Center In The UK With Over $100M Investment

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The factory will be based in Coventry, UK, and work in-sync with the design and engineering teams based at Ola Campus in Bengaluru

Homegrown electric two-wheeler maker Ola Electric is all set to expand its horizons as it announces an investment of over USD 100 million (about Rs 750 crore) in the UK over the next five years to set up a global centre for advanced engineering and vehicle design in the UK called the Ola Futurefoundry.

The factory will be based in Coventry, UK, and work in-sync with the design and engineering teams based at Ola Campus in Bengaluru and will employ over 200 designers and automotive engineers.

The centre will also collaborate with education and research institutions in the UK on technology research and development.

“It will house global talent across multiple disciplines of 2W and 4W vehicle design, advanced high-performance automotive engineering, digital and physical modeling and more,” a statement by the company said.

The centre will also house talent that will focus on vehicle R&D around new energy systems including cell technologies.

“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 and engineering talent in the UK to create the next generation of electric vehicles,” Ola founder and CEO Bhavish Aggarwal said.

“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,” Ola Electric Vice President of Vehicle Design Wayne Burgess said.

Futurefoundry will supplement and collaborate with the core team in Bengaluru to deliver exciting new EVs across two-wheeler, four-wheeler and other form factors, he added.

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