Tuesday, July 19, 2022

$500 million is invested by Ola on battery research

Ola invests $500 million in battery R&D

 BENGALURU: Ola is financial planning $500 million to set up a battery development focus (BIC) in Bengaluru. The organization, which has sent off electric bikes, said the BIC will recruit 500 PhDs and architects, who will be upheld by 1,000 extra scientists in India and other worldwide focuses.

The BIC will be one of the most exceptional cell R&D offices, with in excess of 165 lab gear. It will be prepared to create all structure factors — round and hollow, pocket, coin, kaleidoscopic cells. It will have capacities to foster total bundles of battery pack plan, manufacture, and testing under one rooftop.

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