Ola Electric to invest £100m in a new facility in Coventry

Indian electric scooter company Ola Electric is set to open a new £100 million (€118 million) development facility in Coventry, UK. 

Describing the ‘FutureFoundry’ facility as being built in “a global hub for the best automotive design and engineering talent in the world”, the Indian firm will be employing more than 200 designers and automotive engineers to work with teams at the headquarters in Bangalore, India. 

Ola Electric manufactures cheap urban mobility options. Its S1 Pro scooter is priced at around £1300 (€1530) and provides 180 km (112 miles) of range per each 21,700 Lithium battery (removable and charged up in around six hours). 

With one of the biggest production facilities in India, with an estimated 10 million scooters a year being produced, the super-budget scooters could be a success in the blossoming electric market in the UK. 

Speaking on the FutureFoundry, Ola CEO Bhavish Aggarwal 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 Bangalore, India, to help us build the future of mobility as we make EVs affordable across the world.”

Ola is India’s largest mobility platform. The company has revolutionised urban mobility by making it available on-demand for over a billion people across three continents. Its FutureFactory is set to be the largest, most advanced and sustainable two-wheeler factory in the world.

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