Ola Electric
Ola to invest $500 million to set up Battery Innovation Centre in Bengaluru
Bengaluru: Ola Electric will invest $ 500 million to set up a Battery Innovation Centre in Bengaluru, the company said Monday.
The company said BIC will be one of the world's largest and most advanced cell Research and Development facilities with 165 "unique and cutting-edge" lab equipment to cover all aspects of cell-related research and development.
"Ola's BIC will host Proto lines that can produce all form factors Cylindrical, Pouch, Coin, Prismatic cells," it said.
"BIC will also be equipped with in-house production capability of mg to kg scale of anode and cathode material, integrated facility for Hand in Hand Nanoscale analysis and Molecular Dynamics simulation and an in-house crystal structure analysis to develop new battery materials",
The BIC will recruit top global talent including 500 PhDs and engineers who will be supported by an additional 1000 researchers in India and multiple other global centres, according to Ola Electric.
The company's founder and CEO Bhavish Aggarwal said, "Ola's Battery Innovation Centre in Bangaluru will be the cornerstone for core cell tech development and battery innovation out of India for the world. BIC will house advanced labs and high-tech equipment for battery innovation and will power India's journey towards becoming a global EV hub."
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