Ola Electric considers bidding for mining rights of lithium blocks
SoftBank-backed Indian e-scooter maker Ola Electric is considering bidding for mining rights for lithium blocks being auctioned by the Indian government, sources said, in a move that could boost its EV battery manufacturing plans.
As part of plans to secure supplies of minerals such as lithium – a raw material used to make electric vehicle batteries – Prime Minister Narendra Modi’s government late last year launched the first part of its critical minerals auctions.
