Ola Electric is focusing on being a vertically integrated mobile company.
Electric vehicle manufacturer based in Bengaluru Ola Palace PTI has laid off 200 people from its software team and is planning to hire around 3,000 people in non-technical areas as the company is increasing its focus on the non-software side. The EV maker is focusing on building engineering and R&D capabilities across vehicles, cells, batteries, manufacturing and automation as well as automated engineering flows.
With the launch of its first premium electric vehicle, Ola Electric is focusing on becoming a vertically integrated mobility company. The company said in a statement to PTI: “Ola is building on shared capabilities and cross-functional synergies as it ramps up its power across two- and four-wheeler, research and cell growth and production”.
To accomplish these goals, the company is centralizing its operations and is restructuring to reduce redundancies. The company aims to build a solid side structure that will represent the roles and functions involved. Once this exercise is implemented, it will impact 10% of the workforce of about 2,000 engineers.
With an existing team of about 2,000 engineers, Ola Electric aims to increase this number to 5,000 within the next 18 months.
For its electric cars, the company has set an ambitious target of selling 100,000 electric cars by 2026-2027. It sold a total of 3,351 electric two-wheelers in August this year, down from 3,426 in July, according to data from the Federation of Automobile Dealers Associations (FADA).
In a separate development, the company is poised to offer more to its customers through software updates and other add-ons ahead of the festive season. The electric scooter maker also recently announced that it will be opening around 200 showrooms across India for the first time since the launch of electric motorcycles last August.
First published date: September 22, 2022, 10:41 AM IST