In order to establish a battery innovation centre in Bengaluru, Ola will invest USD 500 million

On July 18, Ola Electric announced a $500 million commitment to build a cutting-edge Battery Innovation Centre (BIC) in Bengaluru.

According to the electric car business, BIC will have more than 165 "unique and cutting-edge" pieces of lab equipment to cover all facets of cell-related research and development, making it one of the largest and most sophisticated cell R&D centres in the world.

"According to the statement, Ola's BIC will house Proto lines that can make all cell types, including cylindrical, pouch, coin, and prismatic. According to a statement from the firm, the centre will be equipped to generate comprehensive packages of battery pack design, manufacture, and testing all under one roof. The facility will be able to provide whole battery pack design, fabrication, and testing packages all under one roof "the business stated in a release.

In order to develop new battery materials, "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," it was stated. According to the firm, the BIC will hire top talent from around the world, including 500 PhDs and engineers, who will be supported by an additional 1000 researchers in India and numerous other global centres.

Electric mobility is a high growth industry that is heavily invested in R&D, according to Bhavish Aggarwal, founder and CEO of Ola Electric. "The foundation for core cell technology research and battery innovation out of India for the rest of the world will be Ola's Battery Innovation Centre in Bengaluru. BIC will house cutting-edge labs and high-tech tools for developing batteries and will fuel India's progress toward becoming a centre for EVs on a global scale "added he. NMC 2170, Ola's first Li-ion cell, was recently presented. By 2023, Ola's in-house built Gigafactory will start producing its cell in large quantities.

A cell manufacturing plant with an initial capacity of up to 20 GWh is being set up by the company, localising the most important step in the value chain of EVs, according to a recent allocation of 20GWh capacity under the ACC PLI scheme by the government for producing advanced cells in India.