Ola to spend $500 million to establish battery innovation hub in Bengaluru
Ola Electric announced an investment of USD 500 million to set up its state-of-the-art Battery Innovation Centre (BIC) in Bengaluru.
The 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 vehicle company said.
“Ola‘s BIC will host Proto lines that can produce all form factors, cylindrical, pouch, coin, and prismatic cells,” it said.
The center will have the 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 an in-house production capability of mg to kg scale of anode and cathode materials, an 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 1,000 researchers in India and multiple other global centres, the company said.
Electric mobility is a high-growth sector which is R&D intensive, as Ola Electric’s Founder and CEO, Bhavish Aggarwal, said.
“Ola’s Battery Innovation Centre in Bangaluru will be the cornerstone for core cell tech development and battery innovation outside 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, the NMC 2170. Ola will begin the mass production of its cells from its upcoming Gigafactory by 2023.
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.
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Ola Electric announced an investment of USD 500 million to set up its state-of-the-art Battery Innovation Centre (BIC) in Bengaluru.
The 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 vehicle company said.
“Ola‘s BIC will host Proto lines that can produce all form factors, cylindrical, pouch, coin, and prismatic cells,” it said.
The center will have the 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 an in-house production capability of mg to kg scale of anode and cathode materials, an 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 1,000 researchers in India and multiple other global centres, the company said.
Electric mobility is a high-growth sector which is R&D intensive, as Ola Electric’s Founder and CEO, Bhavish Aggarwal, said.
“Ola’s Battery Innovation Centre in Bangaluru will be the cornerstone for core cell tech development and battery innovation outside 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, the NMC 2170. Ola will begin the mass production of its cells from its upcoming Gigafactory by 2023.
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.
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