Ola Electric has temporarily paused its electric car launch plans as it wants to focus on expanding its e-scooter business at the moment, Reuters reported. Sources confirm that Bhavish Aggarwal, founder of the SoftBank-backed company, has put the initiative on hold for at least two years. Reuters could not obtain a response from the company.
Ola Electric car: what all is known
The Ola electric car, in development for some time, was seen in a first patent image that surfaced online a year ago. It revealed a sleek sports car bodystyle, which differed significantly from earlier teasers that suggested multiple looks and body styles.
A source said that Ola had held preliminary talks with several auto component suppliers and had even created a car model designed on the lines of a BMW luxury sedan at its UK studio.
According to Reuters, when the homegrown EV brand revives its car project, it will focus on an affordable mass-market vehicle, moving away from its plans of launching a premium sports car previewed last year.
Ola motorcycle project: latest update
Ola recently shared an image on social media showcasing a battery pack that looked bigger than the one found on most Indian e-scooters, and wrapped by a tubular frame. The image also revealed a front sprocket and chain final drive, similar to the setups on the Ultraviolette F77 Mach 2 and Matter Aera electric bikes in India. While there is no official update, Ola's first e-bike could potentially debut globally as early as next month.
Also see:
Ola electric bike teased for the first time
Ola S1 range gets benefits of up to Rs 15,000
Ola Electric gets Sebi nod for IPO
