Ola decided to invest £100M in a electric car factory

Ola decided to invest £100M in a electric car factory: Ola, the ride-hailing company, has announced plans to invest £100 million in a UK electric vehicle (EV) development facility.

The Indian firm, which competes with other services such as Uber and Bolt, has announced that the move will result in the creation of 200 jobs in the West Midlands city.

Ola has already launched a scooter for trips and now intends to bring electric cars to the road.

Its electric scooters are currently manufactured in Bengaluru, but production will now be coordinated with the Coventry facility.

“This site will enable us to tap into the fantastic automotive design and engineering talent in the UK to create the next generation of electric vehicles.” Said Founder Bhavish Aggarwal.

“It 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 decided to invest £100M in a electric car factory