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Bhavish Aggarwal-led Ola Electric starts work on building electric cars

According to sources, the SoftBank-backed company is gearing up to launch its electric car by 2024

Bhavish Aggarwal
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Bhavish Aggarwal, CEO, Ola

Peerzada Abrar Bengaluru
After raising over $200 mn from investors at a $5 billion valuation, Ola Electric, the ride-hailing firm’s electric vehicle (EV) arm, has started the work to make electric cars.

“Making electric four wheelers is the next focus for Ola founder Bhavish Aggarwal and the work on this is seriously underway,” said a person familiar with Ola’s strategy. “This includes setting up a factory to build the electric cars.”

According to sources, the SoftBank-backed company is gearing up to launch its electric car by 2024. Aggarwal on Tuesday posted an image of an EV on Twitter that looks like the design

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First Published: Jan 25 2022 | 8:58 PM IST

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