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Ola to infuse USD 500 million to set up battery innovation centre

Tuesday, 19 Jul 2022
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Ola Electric will make an investment of USD 500 million to set up state-of-the-art Battery Innovation Centre (BIC) in Bengaluru, Karnataka. 
BIC will be one of the world's largest and advanced cell R&D facilities with over 165 unique and cutting-edge lab equipment to cover all aspects of cell related research and development. 
The centre will have capabilities to develop complete packages of battery pack design, fabrication and testing under one roof. 
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 company was recently allocated 20 GWh capacity under the ACC PLI Scheme for developing advanced cells in India, and is setting up a cell manufacturing unit with an initial capacity of up to 20 GWh.
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