The company has already applied for the Indian government’s $2.4 billion PLI program to develop advanced cells
The company has already applied for the Indian government’s $2.4 billion PLI program to develop advanced cells
Bengaluru
Cell manufacturing in India and a fundamental R&D facility for new cell chemistry and related technologies are imperative for the country to become a global hub for electric vehicles (EVs), said Bhavish Aggarwal, Founder and CEO of Ola Electric Mobility. “Cell technology has been at the core of electric vehicles and India has none. OLA takes cell manufacturing and research very seriously. At Ola, we invest deeply in core research and development to develop indigenous advanced cell technologies and invest in large-scale battery manufacturing,” he wrote in a blog post on Wednesday. The company has already applied for the Indian government’s $2.4 billion PLI program to develop advanced cells and will establish a state-of-the-art cell manufacturing facility in the country, he wrote. Mr Aggarwal continued: “We are also actively seeking opportunities for strategic investments globally in companies focused on advanced cell chemistry research and other battery technologies, including fast charging, that will enable us to provide higher density and higher battery performance for our upcoming range of.” two- and four-wheel electric vehicles.” Ola Electric Mobility also announced the addition of Prabhakar Patil, former Chief Executive Officer of LG Chem Power, to its Board of Directors. Mr. Patil is expected to play a key role in accelerating Ola in building its first cell in India as he has expertise in cells, cell chemistry, solid waste and batteries, according to a company statement.
