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…