Ride-hailing app Ola will open a £100m electric car facility in Coventry

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In a major boost to the British automotive industry, Ola plans to invest £100 million in the UK to open a research and development facility for an electric vehicle.

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With a recent road-going scooter and a planned electric car, Ola launched its taxi app that competes with Uber in cities such as London, Birmingham, and Cardiff in 2018.

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Coventry is the traditional centre of the UK automotive industry of the West Midlands. More than 200 jobs will be created in design and engineering.

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In 2010, Bhavish Aggarwal founded Ola, which now claims to be the world's third-largest ride-hailing app. In this week's funding round, the company's electric vehicle

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At a reported value of $5bn (£3.7bn). Previous investors have included Softbank, the Japanese technology giant. The company also plans to float on the stock market

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