Bhavish Aggarwal, the founder and CEO of Ola, changed directions and ventured into uncharted terrain on Monday by showing a locally produced electric automobile that will be available in the nation by 2024.

At a virtual event held in conjunction with India’s Independence Day, Aggarwal declared, “This is the most ambitious automotive project ever undertaken in India.”

According to Aggarwal, the Ola Electric car will accelerate from 0 to 100 km/h in 4 seconds and have a 500-km range on a single charge.