Ola Electric CEO Bhavish Aggarwal posted an image of a concept car that is likely to go into production next year. Despite the lack of additional details, it can be a complete design and serve as a basis for product specifications.
Electric four-wheeler. The S1 and S1 Pro scooters were the company’s first offerings in the electric two-wheeler space. However, customers also reported reliability issues and major delivery difficulties.
Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, and others also invested in Ola when the company raised more than $200 million. The start-up is valued at around 5 billion dollars based on the financing round.
Bhavish Aggarwal previously joked with his followers by replying to a tweet: “The next car replacement should be Ola’s electric car.” In the meantime, the brand may need a new car production line at its existing plant in Tamil Nadu, which is reportedly the world’s largest manufacturer of electric two-wheelers and is busy fulfilling S1 and S1pro orders.
As a result, the 2023 release date may not be feasible. Design-wise, the pillars, windshield, and roof are covered with a large glass canopy, while the front features an illuminated Ola logo. A horizontal strip of LED light runs dizzyingly across the entire width of the body panels and soft top.
Aside from the wheels, there’s nothing conventional about the concept, which makes us wonder how similar the final production model will be.
Softbank Group will fund the project while Ola has entered the used car business under a new line of business. , There is a backlog of nearly 90,000 orders for Ola’s S1 Pro electric scooter, which has caused frustration among buyers. Building a strong customer base is essential to a brand’s success, and a commitment to delivery is part of that equation.