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HomeShare MarketOla invests $500 million in battery R&D

Ola invests $500 million in battery R&D


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BENGALURU: Ola is investing $500 million to set up a battery innovation centre (BIC) in Bengaluru. The company, which has launched electric two-wheelers, said the BIC will hire 500 PhDs and engineers, who will be supported by an additional 1,000 researchers in India and other global centres.
The BIC will be one of the most advanced cell R&D facilities, with more than 165 lab equipment. It will be equipped to produce all form factors — cylindrical, pouch, coin, prismatic cells. It will have capabilities to develop complete packages of battery pack design, fabrication, and testing under one roof.

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