On India’s 75th Independence Day, Ola Electric will Reveal Its First Electric Vehicle
The founder and CEO of Ola Electric, Bhavish Aggarwal, has announced that a new product will be introduced on August 15 as part of the company’s “big future plans.”
On August 15, which also happens to be India’s 75th Independence Day, Ola Electric will officially introduce a new product. On this day a year ago, Ola Electric unveiled its first item in India—the S1 Pro electric scooter. After a year, Ola Electric is probably going to step up its EV game with an electric vehicle. The upcoming electric four-wheeler, which is anticipated to launch next year, has been teased by Ola. Late on Thursday, Ola Electric’s founder and CEO, Bhavish Aggarwal, made this significant disclosure.
Aggarwal shared the information on Twitter with the message, “Super excited to announce a new product this 15th August. Will also discuss our HUGE future plans in more detail. Additionally, Ola Electric and the Center have signed the PLI scheme, allowing the EV manufacturer to work on lithium-ion cells and produce batteries for electric vehicles in India. Ola just unveiled its first lithium-ion battery. The business is also anticipated to reveal its new, larger facility, which will be used to create battery cell technology and its new electric vehicle.
Earlier in June, during the Ola Customer Day at the Ola Futurefactory, Ola Electric gave a sneak preview of its upcoming electric four-wheeler. More information about the product will be made public on August 15, according to Aggarwal. In the electric vehicle market, he also promised to create the best possible product for the consumers.
The Ola Electric four-appearance wheeler’s and feel were hinted at in a teaser video that the EV manufacturer previously released. It displayed the vehicle’s red color, modern LED DRLs, front and rear designs, and a small portion of its side profile. The “Ola” logo can be seen on the front and back of the electric four-wheeler.
Ola is currently looking to buy land totaling about 1,000 acres for the factory producing electric four-wheelers. When finished, it will be almost twice as big as its current S1 Pro electric scooter production facility, the FutureFactory. The S1 Pro electric two-wheelers are currently available in India through Ola Electric.