Ola Electric plans to accelerate the new ambitious projects which include electric cars, cell manufacturing, and the gigafactory, also deepening its focus on engineering and technology

The day after murmurs of Ola CEO side-stepping from day-to-day operations, Bhavish Aggarwal, CEO, Ola Electric has announced that the company plans to accelerate its new ambitious projects such as electric car, cell manufacturing, and the gigafactory, besides deepening its focus on technology and engineering.

Ola Electric is determined on building the future in the country, Aggarwal mentioned while refuting reports that he is stepping away from the company’s day-to-day management with CFO Arun GR getting an expanded role.

“Reads like I’m retiring! Not true. Arun is a great leader & he’ll help me manage Ola’s ops. We will accelerate ambitious new projects like our car, cell, gigafactory, etc. & deepen the focus on tech & engineering,” Aggarwal tweeted.

Aggarwal further said, “More soon. Doubling down on building the future here in India, at Ola!” In a separate statement, a company spokesperson said: “As Ola focuses on accelerating ambitious new projects like car and cell manufacturing, gigafactories and electrifying ride-hailing business amongst others, the company is ensuring adequate focus on execution excellence and keeping entrepreneurial leadership high on the new businesses.”