Ola Electric To Set Up State-Of-The-Art Battery Innovation Centre In Bengaluru With An Investment Of $500 Million
Ola Electric on Monday (18 July) announced the investment of USD 500 million for setting up its state-of-the-art Battery Innovation Center (BIC) in Bengaluru.
BIC will be one of the world’s largest and most advanced cell R&D facilities with more than 165 ”unique and cutting-edge” lab equipment to cover all aspects of cell related research and development, the electric vehicles company said.
“Ola’s BIC will host Proto lines that can produce all form factors Cylindrical, Pouch, Coin, Prismatic cells, it said. The center will have capabilities to develop complete packages of battery pack design, fabrication and testing under one roof, the company said in a statement.
“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”, it said.
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, the company said.
Ola Electric’s Founder and CEO Bhavish Aggarwal said, electric mobility is a high growth sector which is R&D intensive.
“Ola’s Battery Innovation Center 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,” he said.
Ola recently unveiled its first Li-ion cell, NMC 2170. Built in-house, Ola will begin the mass production of its cell from its upcoming Gigafactory by 2023.
SoftBank Group-backed Ola Electric is in talks with multiple global suppliers to build a battery cell manufacturing plant in India with a capacity of up to 50 gigawatt hours.
As part of its broader electrification push, the firm plans to invest in companies with advanced cell and battery technology, alongside the 50 Gwh battery plant.
The company was recently also allocated 20GWh capacity under the ACC PLI scheme by the Government for developing advanced cells in India, and is setting up a cell manufacturing facility with an initial capacity of up to 20 GWh, localising the most critical part of the EV value chain, it was stated.
(With inputs from PTI)
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