29th Jun, 2022

Ola Electric to invest £100million in new Coventry 'Futurefoundry' bringing 200 EV jobs to the city

Tristan Harris 28th Jan, 2022 Updated: 29th Jan, 2022

AN INDIAN maunufacturer of electric vehicles (EVs) will be opening a new advanced engineering and vehicle design centre in Coventry, bringing 200 new jobs to the city.

Ola Electric’s ‘Ola Futurefoundry’ will be a global hub for the best automotive design and engineering talent in the world and will be investing £100million in the plant in the next five years.

It will work on both 2W and 4W vehicle design, advanced high performance automotive engineering, digital and physical modeling and more.

There will also be a focus on vehicle research and development around new energy systems including cell technologies.

The 200 staff members will be made up of designers and automotive engineers and the centre will link up with engineering teams based at Ola Campus in Bangalore, India and partner world class UK-based education and research institutions to collaborate on technology research and development.

Bhavish Aggarwal, Founder and CEO of Ola, said the firm would continue to attract the best global talent across disciplines.

“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.”

One of the main aims will be to make EVs affordable across the world.

Wayne Burgess, vice president of vehicle design at Ola Electric, added: “We are setting up in Coventry a global epicenter of automotive and technology talent.

“Futurefoundry will supplement and collaborate with our core team in Bangalore, India to deliver exciting new EVs across two wheeler, 4 wheeler and other form factors.”

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