Local Motors announced that President and Chief Operating Officer Vikrant Aggarwal has become CEO of the company.
The change comes at a time when Local Motors has demonstrated its traction in the marketplace with the global commercial rollout of Olli, its autonomous electric shuttle, the statement said.
Before joining Local Motors, Vikrant spent two decades at Cummins in a variety of engineering and leadership roles, including in the Cummins Mobility and Power Generator groups. While leading the Innovation Incubation group at Cummins, Vikrant was responsible for developing state-of-the-art 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.
“I want to thank Jay for his vision and entrepreneurial spirit. Through Local Motors, he has challenged conventional wisdom on how to design, manufacture and deploy new mobility solutions. Jay is a pioneer of micro-factories and direct digital manufacturing. [3D printing] for the automotive industry. Thanks to these innovations, Local Motors is able to manufacture special-purpose vehicles, “said Vikrant Aggarwal , CEO of Local Motors. “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 go on to serve in an advisory role as a non-executive vice president of the Board.
“Based on Vikrant’s great leadership as President and Chief Operating Officer over the past two years and his track record leading our business operations, I know the company will be in very capable hands under his leadership as CEO. Great to see it culminate this transition, and Vikrant is the right leader for this next phase of the company journey. I am excited to help guide the company by working closely with our board of directors and Vikrant, “said Jay Rogers , Co-Founder and Vice Chairman of the Board of Directors.
