Ola Electric invests £100m into Coventry Futurefoundry

India’s leading EV manufacturer Ola Electric is investing £100million to establish the Ola Futurefoundry, a global center for advanced engineering and vehicle design in Coventry.

future foundry
Image by Paul Brennan from Pixabay

Ola Futurefoundry will collaborate with design and engineering teams at Ola Campus in Bangalore, India. Futurefoundry will be developed over the next five years into a state-of-the-art center with more than 200 designers and automotive engineers. The center will also work with educational and research institutions in the UK to collaborate on technology research and development.

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In a statement, Bhavish Aggarwal, founder and CEO said, ola said: “At Ola, we are building the future of mobility and continue to attract the best global talent across disciplines. Ola Futurefoundry enables us to leverage the UK’s fantastic talent for car design and engineering to drive the next generation of electric Futurefoundry will work closely with our headquarters in Bangalore, India to help us build the future of mobility while making EVs affordable around the world.”

According to the company, the facility will be home to global talent in multiple disciplines of 2W and 4W vehicle design, advanced high-performance automotive engineering, plus digital and physical modelling. It will also house staff dedicated to vehicle R&D around new energy systems.

“We want to create a world-class design and R&D team with global sensitivities,” said Wayne Burgess, vice president of vehicle design at Ola Electric. “Ola Futurefoundry is an important step in building a multidisciplinary team that is agile, flexible and responsive to the diverse needs of our consumers around the world.”

He continued: “We are establishing a global epicenter of automotive and technology talent in Coventry. Futurefoundry will complement and collaborate with our core team in Bangalore, India to deliver exciting new EVs for two-wheel, four-wheel and other form factors.”

Abhishek Maheswari
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