Ola Announces To Invest Rs 750 Crore In A New UK-based Development Facility

Pratik BhanushaliPublished On Jan 28, 2022 02:16 pm IST

Published OnJan 28, 2022 02:16 pm IST

Last Updated OnJan 28, 2022 02:16 pm IST

1301 Views

It’s called the Ola Futurefoundry and is based in Coventry

Expanding its arsenal further, Ola Electric has announced Futurefoundry, a new facility of the EV maker that’ll be based in Coventry, UK, and serve as its global center for advanced engineering and vehicle design.

The Futurefoundry will operate in tandem with Ola’s Bengaluru-based Ola Campus and work on multiple verticals of two-wheelers and four-wheeler vehicle design, advanced high-performance automotive engineering and digital/physical modeling too.

Ola plans to invest $100 Million (Rs 750 crore) over the course of 5 years in Futurefoundry. Moreover, it’ll also focus on vehicle R&D around new energy systems including cell technologies.

Ola Electric recently secured a massive $200 million (Rs 1,500 crore) funding from investors like Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, and others. This has now led the company’s valuation up to $ 5 billion.

Ola S1 User Reviews

P
piyush on Jun 04, 2026
5.0
I have an ultimate driving experience
I have an ultimate experience of my ola S1 first generation model and its build quality is superb as compared to the newer versions updated by this brand, and the most attractive point about this vehicl, its an extra ordinary money saver object when talk is about travel expense saving, driving experience is too good.
Read More
D
dev on Apr 29, 2026
4.7
Best review of my scooter
Best performance and best battery, motor battery was not change and the colour is white, in full charge 120 range, the stand was change and first owner scooter, the most futuristic scooter in normal mode 80km/h speed, in sports mode 120 km/h speed, in eco mode 42km/h speed and the acceleration is very smooth.
Read More
1
J
jeffrey on Apr 13, 2026
5.0
S1 pocket friendly Ola
Amazing S1 . Pocket friendly. Excellent for daily city use. Like new. Ola come with charger 15000 included. And took kit. Stress free driving in traffic. Pearl white finish with latest software upgrade. Excellent battery life and vehicle insured until feb 2027. What you thinking just take and drive.
Read More
3
D
daksg on Sep 24, 2025
5.0
OLA S1 PRO GENERATION 01 (2023 MODEL)
Best ev scooter in budget with great performance and mileage especially. No fuel cost jo maintenance only enjoy the ride.Now you can buy in an affordable price of only 80,999 with best features new upgraded tyres with all classy looks and front modification. Best electric scooter with a charger you will get it.
Read More
T
tanishq on Jul 28, 2023
4.2
It's Affordable And Won't Affect The Environment
Pros and disadvantages pros: If you want this for short, everyday trips, get it since it's affordable and won't affect the environment much. It also has more features than any other scooter. Cons: This bike's noise occasionally comes from certain components, such as its headlight and disc brake, and I didn't particularly like the way it looked. It may also not be as effective in rural areas where there is a lack of electricity and electric stations as well as poor roads, making it less likely to perform as well. My recommendation is that you utilise it for daily activities and sporadic trips.
Read More
1