Business Standard

Monday, December 23, 2024 | 05:39 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

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
Premium

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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in