Ola Electric sets up Ola Futurefoundry, its global R&D centre in Coventry, UK
Ola Electric has announced that it has set up a global centre for engineering and vehicle design at Coventry in the UK named Ola Futurefoundry.
Ola will invest over $100 million over the next five years in the centre and staff it with over 200 designers and automotive engineers. The centre will also partner with education and research institutions in the UK to cooperate on technology research and development.
Ola Futurefoundry will work together with the design and engineering teams based at the Ola Campus in Bangalore. It will focus on multiple disciplines of two-wheel and four-wheel vehicle design, advanced automotive engineering, digital and physical modeling, and vehicle R&D around new energy systems, as well as cell technologies.
Bhavish Aggarwal, Founder-CEO of Ola, stated, "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. Futurefoundry will work in close collaboration with our headquarters in Bangalore to help us build the future of mobility as we make EVs affordable across the world."