Aim to make India a core part of the global energy revolution: Ola Electric

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Aim to make India a core part of the global energy revolution: Ola Electric - Business Standard

Quick Summary:

It is the first of its kind for Li-ion cell manufacturing in India, with an initial capacity of 5 gigawatt hours (GWh).

Last year in February, Ola signed a memorandum of understanding (MoU) with the Tamil Nadu government committing investments of Rs 7,614 crore for manufacturing EVs and lithium cells gigafactory in the state.

Ola Electric Mobility manufactures EVs and core EV components such as battery packs, motors, and vehicle frames at the Futurefactory.