The teaser image suggests that the car would be a stylish battery-electric hatchback, and it comes only one day after Aggarwal revealed that an electric vehicle is in the works.
Ola Electric has announced that its Global Center For Advanced Engineering And Vehicle Design will be based in the United Kingdom. Over the next five years, the corporation plans to invest more than $100 million.
Electric vehicles have opened the door to a slew of new entrants in the car industry. It’s one of the most lucrative areas on the planet, and numerous new firms have entered the fray in India. Ola recently entered the electric vehicle market with its electric scooters, and the business is currently working on a new electric vehicle. Ola CEO Bhavish Aggarwal used Twitter to preview the company’s new EV, which appears to be a design idea for the company’s next electric vehicle.
The teaser image suggests that the car would be a stylish battery-electric hatchback, and it comes only one day after Aggarwal revealed that an electric vehicle is in the works. Aggarwal went on to say that someone who bought a Tata Nexon EV and an Ola S1 e-scooter would most likely buy an Ola electric automobile in the future. The tweet read, “The Ola electric car should be the next car replacement.”
Ola Electric also received a $200 million (about 1490 crore) investment from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, and others. The new round of funding puts the company’s value at $5 billion, according to the company. In September of last year, the electric two-wheeler raised a comparable amount from Falcon Edge, Softbank, and others. The corporation was valued at $3 billion at the time. The company introduced its S1 Pro electric scooter in the market a few months ago, began production, and began delivering the scooters to clients.
