Saturday, June 10, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Latest updates

Ola To Invest $500 Million To Make Batteries In India For Electric Vehicles

Updates Finance by Updates Finance
July 18, 2022
in Latest updates
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Robert Philip Hanssen, double agent, 1944-2023

American Airlines, JetBlue seek to keep some ties despite losing antitrust case

Trump’s indictment is explained by criminal law scholar

Ola’s electric mobility arm, Ola Electric, will invest $500 million to set up a facility for making cells and battery packs for electric vehicles in Bengaluru.

“Electric mobility is a high growth sector which is R&D intensive. Ola’s Battery Innovation Center in Bangalore will be the cornerstone for core cell tech development and battery innovation out of India for the world,” Bhavish Aggarwal, founder and chief executive officer of Ola, said in a statement issued on Monday.

The battery innovation center will have a facility for developing complete battery pack designs, fabrication and testing under one roof along with high-tech equipment for research and development, the release said.

The company plans to employ a team of 500 PhDs and engineers, which will be supported by 1,000 researchers in India and other global centers, to develop in-house technology for battery cells.

According to a report by the Institute for Energy Economics and Financial Analysis, India largely depends on imports for the lithium-ion cells that go into the battery packs of electric vehicles.

The company aims to become a major player in India’s electric two-wheeler and four-wheeler market. On Saturday, Aggarwal had said that the company will make the “sportiest car ever built in India”. The company already sells S1 and S1 Pro in the electric two-wheeler segment and plans to launch more models in the future.

Ola recently unveiled its indigenously developed lithium-ion cell, which it hopes to mass produce at its gigafactory in Tamil Nadu from 2023.

https://www.highcpmrevenuenetwork.com/yjx9n4xz?key=2ae113e708965368d7206a42df6559d1

Ola Electric was also selected by the central government for getting incentives under the Rs 18,100-crore production-linked incentive scheme, brought in to encourage domestic manufacturing of advanced cells.





Source link

Tags: BatteriesElectricIndiainvestMillionOlavehicles
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

Robert Philip Hanssen, double agent, 1944-2023

by Updates Finance
June 10, 2023
0

When authorities arrested Robert Hanssen, the FBI’s most high profile double agent had just one question for his colleagues: “What took you so long?”Hanssen, who was found dead...

Read more

American Airlines, JetBlue seek to keep some ties despite losing antitrust case

by Updates Finance
June 10, 2023
0

Article content American Airlines and JetBlue said Friday they should be allowed to keep selling tickets on each other’s flights in the Northeast and link their frequent-flyer programs...

Read more

Trump’s indictment is explained by criminal law scholar

by Updates Finance
June 10, 2023
0

Federal prosecutors on June 9, 2023, unsealed the indictment that spells out the government’s case against former President Donald J. Trump, who is accused of violating national security laws and...

Read more

VLCC acquires Ustraa to enter men’s grooming business

by Updates Finance
June 9, 2023
0

Beauty and skincare brand VLCC on Friday announced the acquisition of Happily Unmarried Marketing Private Ltd, which owns men's grooming brand Ustraa, for an undisclosed amount. The acquisition, which...

Read more

Trump Shuffles Lawyers, Says Ex-Valet Indicted in Conspiracy

by Updates Finance
June 9, 2023
0

(Bloomberg) -- Donald Trump has overhauled his legal team and revealed that an aide also has been indicted on federal charges over the former president’s refusal to return...

Read more
Next Post

Thinking of an in-place Windows upgrade? Here's how to do it.

Related News

Man Who Lost Wife and Daughter in Kobe Bryant Helipcopter Crash Told to Not ‘Ride Coattails’ of Vanessa Bryant

July 15, 2022

SHIB, DOGE Near Multi-Month Lows, as Musk Finds New Twitter CEO – Market Updates Bitcoin News

May 12, 2023

Hang an iconic Mac on your wall

April 29, 2023

Browse by Category

  • 1Win Casino
  • blog
  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Mostbet Casino
  • Mostbet kazinosu
  • Mostbet kumarhanesi
  • Online Dating
  • Personal Finance
  • Retirement
  • Startups
  • Technology
  • Uncategorized

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • 1Win Casino
  • blog
  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Mostbet Casino
  • Mostbet kazinosu
  • Mostbet kumarhanesi
  • Online Dating
  • Personal Finance
  • Retirement
  • Startups
  • Technology
  • Uncategorized

Recent News

  • Offer to Buy Bundle Purchase – Analytics & Forecasts – 10 June 2023
  • Russia has received hundreds of Iranian drones to attack Ukraine, says White House

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

https://www.highcpmrevenuenetwork.com/yjx9n4xz?key=2ae113e708965368d7206a42df6559d1 https://www.videosprofitnetwork.com/watch.xml?key=23dd8a3bb9168e7b5f33ef2b66f1a432
https://www.videosprofitnetwork.com/watch.xml?key=23dd8a3bb9168e7b5f33ef2b66f1a432 https://www.highcpmrevenuenetwork.com/yjx9n4xz?key=2ae113e708965368d7206a42df6559d1
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?