Local Motors continues growth as Vikrant Aggarwal becomes Chief Executive Officer
PR91816
CHANDLER, Ariz., Sept. 22, 2021 /PRNewswire=KYODO JBN/ --
- Vikrant Aggarwal takes the helm as Olli demonstrates market traction with
global commercial deployments.
Local Motors announced today that President and COO, Vikrant Aggarwal, became
the company's Chief Executive Officer. The change comes as Local Motors has
demonstrated market traction with global commercial deployments of Olli, its
electric autonomous shuttle.
Logo - https://mma.prnewswire.com/media/623895/Local_Motors_Logo.jpg
Prior to joining Local Motors, Vikrant spent two decades at Cummins in a
variety of engineering and leadership roles, including in Cummins' power
generator and mobility groups. While leading the Innovation Incubation group
at Cummins, Vikrant was responsible for development of cutting-edge technology
for powertrains and mobility. In 2019, Vikrant joined Local Motors as
President and Chief Operating Officer. As President, Vikrant scaled the growth
of the Olli 2.0 platform both commercially and operationally.
In 2021 alone, Olli vehicles have provided thousands of safe rides in low-speed
environments around the globe. The company is focused on scaling production to
meet demand and delivered the most vehicles in company history in a single
month in August 2021.
Interest in autonomous vehicles is growing globally, with more favorable
legislation and regulation and an uptick in deployments across use cases.
Local Motors is heavily invested in applying learnings from its deployments to
bring safe, accessible, equitable, and sustainable autonomous vehicles to the
market.
"I want to thank Jay for his vision and entrepreneurship. Through Local Motors,
he has challenged conventional wisdom of how to design, manufacture, and deploy
new mobility solutions. Jay is a pioneer for microfactories and direct digital
manufacturing [3D Printing] for the automotive industry. Because of these
innovations Local Motors is able to produce purpose-built vehicles" said
Vikrant Aggarwal, Local Motors' CEO. "Our team has built a great foundation,
and I look forward to continuing to grow and scale the company as we enter this
next phase of growth."
John (Jay) B. Rogers, Jr. will be transitioning into an advisory role as
Non-Executive Vice Chairman of the Board.
"Based on Vikrant's great leadership as President and COO over the last two
years and his track record of leading our business operations, I know that the
company will be in very capable hands under his leadership as CEO. It is great
to see this transition culminate, and Vikrant is the right leader for this next
phase of the company's journey. I'm excited to help advise the company by
working closely with our board of directors and Vikrant," said Jay Rogers,
Co-Founder and Vice Chairman of the Board.
About Local Motors
Local Motors is the leading full-stack developer of purpose-built autonomous
shuttles. Designed specifically for low-speed applications, the company's
current platform, Olli, delivers an exceptional mobility solution with
class-leading safety, range and rider experience. By leveraging direct digital
manufacturing (3D Printing) and microfactories, LM can reduce design and
manufacturing costs, and introduce new vehicles in months, not years.
Learn more - localmotors.com
For media inquiries contact:
Kat Dransfield, VP of Product and Product Marketing
+1 (480) 238-4326
kdransfield@local-motors.com
SOURCE Local Motors
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