Ola Electric is gearing up to unveil its all-new product this August 15, which happens to be the 75th Independence Day of India. Bhavish Aggarwal, Ola CEO made this announcement via his official Twitter handle. The previous year, Ola unveiled the S1 electric scooter on the same day.

Without divulging the details of the new offering, Aggarwal tweeted, “Super excited to announce a new product this 15th August! Will also share more about our BIG future plans!! Do watch the live stream. Sharing time and link soon."

While some reports say that it is going to be the brand’s first all-electric car, a few reports indicate it is going to be a new scooter with more range or a removable and lockable battery.

Ola has also subscribed to the Union government’s PLI scheme which permits it to manufacture Lithium-ion batteries on its own for electric vehicles. A couple of months back, the brand had teased its upcoming electric car for the first time via a video which showed the front and rear ends of the car. In addition, the Ola electric car was equipped with sleek DRLs with red accents and an Ola emblem. In all likelihood, it is going to be a four-door sedan with a coupe-like roofline.

Reportedly, Ola is scouting for 1000 acres of land to set up its four-wheeler manufacturing facility. The brand claims that it is going to be double the size of the FutureFactory in Tamil Nadu where Ola S1 and S1 Pro scooters are built.

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