- 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