{"id":506707,"date":"2022-07-19T09:40:22","date_gmt":"2022-07-19T04:10:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=506707"},"modified":"2022-07-19T11:10:19","modified_gmt":"2022-07-19T05:40:19","slug":"bhavish-aggarwal-led-ola-to-invest-500-million-in-ev-battery-rd-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bhavish-aggarwal-led-ola-to-invest-500-million-in-ev-battery-rd-unit\/","title":{"rendered":"Bhavish Aggarwal-led Ola to invest $500 million in EV battery R&amp;D unit"},"content":{"rendered":"<p>Ola Electric, the ride-hailing firm\u2019s electric vehicle arm, is investing about $500 million for setting up its battery innovation centre (BIC) in Bengaluru. Bhavish Aggarwal-led Ola said that BIC will be one of the world\u2019s largest and most advanced cell research and development (R&amp;D) facilities with more than 165 \u2018unique and cutting-edge\u2019 laboratory equipment to cover all aspects of cell-related R&amp;D. The company didn\u2019t reveal the time period for the investment. But, according to sources, it is three to five years.<\/p>\n<p>In India, SoftBank-backed Ola is now in direct competition with electric two-wheeler makers like Ather Energy, Hero Electric, Bajaj, TVS Motor Company, Bounce, and Boom Motors. The firm also has plans to launch electric cars, motorcycles, sport utility vehicles, and robotaxis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric, the ride-hailing firm\u2019s electric vehicle arm, is investing about $500 million for setting up its battery innovation centre (BIC) in Bengaluru. Bhavish Aggarwal-led Ola said that BIC will be one of the world\u2019s largest and most advanced cell research and development (R&amp;D) facilities with more than 165 \u2018unique and cutting-edge\u2019 laboratory equipment to cover all aspects of cell-related R&amp;D. The company didn\u2019t reveal the time period for the investment. But, according to sources, it is three to five years. In India, SoftBank-backed Ola is now in direct competition with electric two-wheeler makers like Ather Energy, Hero Electric, Bajaj, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-506707","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/506707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=506707"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/506707\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=506707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=506707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=506707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}