Ola Electric has announced that it will set up its global centre for advanced engineering and vehicle design christened ‘Ola Futurefoundry’ in Coventry, UK. The Ola Futurefoundry will work in-sync with the design and engineering teams based at Ola Campus in Bengaluru.
- Ola to invest around Rs 740 crore into the centre
- Will partner with research institutions to collaborate on tech
Ola Futurefoundry: what is it?
The centre will house global talent across multiple disciplines of two- and four-wheeler vehicle design, advanced high-performance automotive engineering, digital and physical modelling and more. It will also house talent that will focus on vehicle R&D around new energy systems including cell technologies.
The company says it will invest over $100 million (Rs 750 crore) over the next five years into 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 collaborate on technology research and development.
“At Ola we are building the future of mobility and continue to attract the best global talent across disciplines, ” Bhavish Aggarwal, founder and CEO, Ola said. “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 Bengaluru to help us build the future of mobility as we make EVs affordable across the world.”
Wayne Burgess, vice president – Vehicle Design, Ola Electric 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 epicentre of automotive and technology talent. Futurefoundry will supplement and collaborate with our core team in Bengaluru to deliver exciting new EVs across two-wheeler, four-wheeler and other form factors.”
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