Ola Electric is investing USD 500 million (about Rs 4,000 crore) in a cell research and development facility in Bengaluru, company founder and CEO Bhavish Aggarwal said on Monday.
In a tweet, Aggarwal stated: “Sharing something I’m personally very passionate about! Building a state-of-the-art Battery Innovation Center (BIC) in Bangalore”.
BIC will be one of the world’s largest, most advanced cell R&D facilities, he added.
“500+ engineers & PhDs, $500mn investment. Will be up & running next month!” Aggarwal said.
In a statement, the company said the 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.
