Medilytix Bureau:

Mobility giant Ola has announced setting up of a global centre for advanced engineering and vehicle design in Coventry, UK with an investment of $100 million, as per an official announcement. Ola is also aiming to set up a battery manufacturing facility in India with another huge investment corpus, according to Business Today .

The centre will also partner with world class education and research institutions in the UK to collaborate on technology research and development, the company said.

Earlier it was reported in media that Ola is scouting for land to set up a future factory for its ambitious Ola Electric car and is also planning further expansion of its design and production facilities post a $200 million capital raise. Ola’s CEO, Bhavish Aggarwal on Tuesday tweeted a picture of a porotype of the Ola Electric car, which , as per sources, is one of the few concept designs laid out by the engineering team .

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