Ola to invest $500 million in new battery R&D centre in Bengaluru
Ola Electric, the electric vehicle (EV) arm of ride-hailing app Ola, is planning to invest $500 million in battery innovation and indigenous cell research and development.
It will also set up a Battery Innovation Centre (BIC) in Bengaluru.
The company said the facility will have around 165 pieces of lab equipment to cover all aspects of cell-related R&D
