Ola, the fastest growing company in the EV segment of the Indian market, is all set to launch a new surprise on August 15. In fact, the company’s CEO Bhavesh Agarwal released a video teaser on social media. The teaser was highlighted on August 15. Inside a big number 15, the company showcased its Ola rechargeable battery, the Sktoor. It is believed that the company may also unveil its first electric car on this day. Bhavesh has already posted on social media about the electric car.
Excited to announce a new product on August 15th,” Bhavesh tweeted. We will share a lot of information about our big future plans. Watch its livestream. We will share its timing and link soon.
Such will be Ola’s electric car
Ola recently released teaser videos of its upcoming 3 premium electric cars during the ‘Ola Customer Day’ celebration. There will be a hatchback, a large coupe-style sedan and a coupe-style SUV. Like the Ola scooter, the company’s upcoming vehicles will feature futuristic designs. The first car in the teaser features headlights with a wraparound effect. The rear looks like a stubby boot with a full-length tail-light. The second car gets a wraparound effect for the front lights, but twin-units for the headlamps and stylized front bumpers. The third car gets a single bar for the front lights and a different design for the tail-lamps
Ola is also preparing its battery
>> Ola Electric has signed an agreement under the Centre’s Production-Linked Incentive (PLI) scheme to manufacture cells for electric vehicles in India. SoftBank-backed Ola said it is the only Indian electric mobility company selected by the Indian government under its Rs 80,000 crore SAIL PLI scheme. Ola Electric received a maximum of 20 gigawatt hours (GWH) for its bid in March.
>> The company recently announced an investment of $500 million (around Rs 4,000 crore) to set up a battery innovation center in Bengaluru. The Battery R&C Center will have more than 165 unique and state-of-the-art lab tools for design, testing and development equipment for batteries and cells. The battery will be manufactured indigenously by Ola to make it an affordable electric vehicle.
500 engineers will be employed
Ola Electric is investing around $500 million to set up its Battery Innovation Center (BIC) in Bengaluru. It is expected to launch in August and will focus on core cell technology development and battery innovation outside India for the world. This battery innovation center will use advanced laboratories and high-tech equipment for batteries to develop future cell technologies. The company is recruiting top talent from around the world for research and development in cell technology. For this, the company will hire 500 engineers.