Ola Electric plans to hire 2000 — co-founder Bhavish Aggarwal says electric two-wheeler launch soon

• In an email to employees, Bhavish Aggarwal said that the company plans to hire 2000 people.
• The hires include 1,000 engineers globally over the next quarter and another 1,000 people across other functions.
• Aggarwal also said that the team at Ola is working hard to launch their first electric two-wheeler.

Ola Electric, the unicorn subsidiary of ride-hailing giant Ola, is charting out a new roadmap for growth.

Ola co-founder Bhavish Aggarwal in an email to employees said that the company plans to hire 2000 people – 1,000 engineers globally over the next quarter and another 1,000 people across other functions. Ola, in the US, had set up an advanced technology center in 2019 which housed engineers who worked on the next-generation technologies in mobility.

The news comes at a time when many of Ola Electric’s top bosses have quit, the most recent one being its co-founder Ankit Jain.

Meanwhile, Aggarwal also said that an employee referral program will be floated soon. In his email, he also spoke of an organizational restructure, which would include streamlined KRAs, KPIs, and reporting lines to enable “more systematic and structured cross-functional work across the lifecycle of product development.”

Aggarwal was referring to Ola Electric’s most recent acquisition – Amsterdam-based EV startup Etergo. Through this acquisition, Ola Electric will now work with the startup to bring their award-winning e-scooters to markets across the world.

“Looking forward, our aim is to build electric vehicle products and the required BaaS systems for a global market and across all product segments,” said Aggarwal, who said the future belongs to electric and connected mobility and that the team at Ola is working hard to bring out the electric vehicle soon.

Ola Electric is aiming for the over 100 million global two-wheeler market, including the over 20-million Indian two-wheeler market.

In July 2019, Ola Electric became a unicorn after it raised $250 million from Softbank. It is also backed by Arun Sarin, former Vodafone Group CEO and also from the Chairman Emeritus of Tata Group, Ratan Tata. In March 2019, it raised ₹4 billion from Ola’s existing and early investors – Tiger Global and Matrix India.

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