Ola to invest $500 million to set up battery innovation centre in Bengaluru
Ola Electric on Monday announced the investment of USD 500 million for setting up its state-of-the-art Battery Innovation Centre (BIC) in Bangaluru. 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 centre 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.