Ola Electric on Monday announced the investment of $500 million for setting up its state-of-the-art Battery Innovation Centre (BIC) in Bangaluru.
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, the electric vehicles company said. “Ola’s BIC will host Proto lines that can produce all form factors Cylindrical, Pouch, Coin, Prismatic cells, it said.
The centre will have capabilities to develop complete packages of battery pack design, fabrication and testing under one roof, the company said in a statement.
