Ola founder Bhavish Aggarwal has ambitious plans to position India as a leader in both artificial intelligence and electric vehicles (EVs).
In an exclusive interview at the Business Today India@100 summit, he shared his roadmap to transform India into a global AI hub through his startup, Krutrim, and expand Ola Electric’s lithium-ion cell production to 100 GWh over the next decade.
Shares of Ola Electric, which recently debuted in the Indian market, have already doubled in value, indicating strong investor confidence.
‘Tesla is for the West, Ola is for the rest’
Aggarwal sees Ola Electric as a key player in solving global problems like climate change, but with a focus on the developing world. He compares Ola’s mission to that of Tesla, emphasizing that while Tesla caters to “a billion rich people,” Ola is targeting the remaining seven billion.
“Tesla is for the West, Ola is for the rest,” he said during the interview. According to Aggarwal, Ola is committed to creating tailor-made products for India, including two- and three-wheelers and small cars, all of which are powered by cutting-edge battery technology from its gigafactory, the first of its kind in India, the report said.
Krutrim and the AI revolution
Aggarwal’s ambitions extend beyond the electric vehicle sector. KrutrimHis aim is to develop India’s AI technology stack, challenging the dominance of global tech giants. “We have been using global technologies for too long without realising the implications,” he said. Business today.
He noted that while India generates 20 percent of the world’s data, only 10 percent of it is stored in the country. “It’s a rehash of colonialism,” Aggarwal said, stressing the importance of retaining data sovereignty and building India’s own AI infrastructure.
Aggarwal sees Krutrim as a major opportunity to develop India’s AI technology infrastructure. He said India had been dependent on foreign technologies for too long without fully understanding the consequences. Despite benefiting from the global IT services boom, which is part of a $30 trillion tech industry, India IT Services The market capitalization is just $300 billion, barely 1 percent of the global tech landscape.
Aggarwal stressed the need for India to move from being a beneficiary to a technology leader, and Krutrim’s vision is to position India as a global powerhouse in artificial intelligence.
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