Breaking News: Ola Electric invests $100 mn in battery cell research: Report #shorts #news

Breaking News: Ola Electric invests $100 mn in battery cell research: Report #shorts #news

Ola Electric, the electric vehicle arm of Ola, has invested $100 million in lithium-ion battery cell research and development, according to reports from brokerages ICICI Securities and Edelweiss. CEO Bhavish Aggarwal unveiled the first indigenously developed lithium-ion battery cell. Ola will begin the mass production of the cell by 2023 and aims to develop the in-house capability by 2026.

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