Ola working on flying cars, drones next: Bhavish Aggarwal

Ola’s Chairman and Group CEO Bhavish Aggarwal has set his eyes on his next big bet. He wants to fly into the future, quite literally. The 35-year-old entrepreneur said he wants to explore other options of mobility like flying cars. “We’ll look at mobility very holistically across the value chain, across products or paradigms. We’re looking at newer concepts more relevant to India like potentially flying cars etc, drones, etc.,” he told Fortune India.

Aggarwal seems excited about the future technologies. “Our vision is to create the mobility platform of the future. I believed mobility is being transformed through multiple divisions right now. Everything is changing about mobility. Ride sharing is one of those pillars, electrification is one more pillar and digitisation of the full auto retail experience is another pillar. Hyper-local logistics are all part of the broader mobility ecosystem which we are looking to disrupt,” he said.

“So, we’re definitely going to be building very exciting technologies and you’ll hear a lot about some of these future paradigms of mobility from us. But we will be doing things which we believe are sustainable and relevant.”

Ola Electric was carved out of ride-hailing firm Ola in 2017 and became a unicorn two years later—backed by Tiger Global, Matrix Partners, and SoftBank. He said the future roadmap for Ola deeper into sustainable and electric businesses.

“In the Ola Electric business, the need for India to electrify is very clear to everybody today. Three years ago when I started the company it was not so clear. The world at large is very clear what the future of mobility is and it’s electric. He said that today when he sits with his potential investors, it’s a very forward-looking discussion. “Even 2-3 years ago there were enough people to believe in our dream and Ola Electric. It’s a dream about how we as a future of the society move around. India’s electrification is a big reason for the potential success of the global climate change efforts. Unless India electrictrifies its transporation, the global climate change effort will not be successful. That’s why the onus is on us. Not Ola but the whole industry,” he said.