Ola Electric Unveils Indigenous Lithium-Ion Cell The company, reportedly, has also invested $100 million in the research and development of its lithium-ion battery cells

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Bhavish Aggarwal Twitter handle

Ola Electric, the homegrown electric vehicle manufacturers, has unveiled its indigenously manufactured lithium-ion cell, NMC 2170. Bhavish Aggarwal, founder and CEO, Ola Electric, has tweeted the company's plans to expand its cell technology game and thereby reducing the dependency on imports for EV manufacturing.

Aggarwal tweeted, "The cell is the heart of the evolution. We need to make our own technology to scale faster and innovate. Much more in the pipeline on our cell technology roadmap."

The company claimed that it will begin the mass production of its in-house cell from its Chennai-based gigafactory by 2023. As per a statement by the company, "The use of specific chemistry and materials enable the cell to pack more energy in a given space and also improves the overall life cycle of the cell. It has been developed keeping the indigenous conditions at the core. Our first indigenously made lithium-ion cell is also the first of many of our cell technology roadmap. Having a robust local EV ecosystem is important for India to become a global EV hub."

As per earlier reports, the Bengaluru-based EV maker, recently allocated 20GWh capacity under the ACC PLI scheme by the government of India for developing advanced cells in India and is setting up a cutting-edge cell manufacturing facility.

Recently, it is also reported that, Ola Electric has invested $100 million in the research and development of its lithium-ion battery cells. It is said that the company has employed over 200 researchers for the R&D process.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

Starting a Business

7 Lessons I Learned From Selling a 6-Figure Blogging Business

Here are a few critical lessons from my experience building and selling a successful blogging business.

Leadership

If You Want People to Follow You, Stop Being a Boss — 8 Steps to Truly Effective Leadership

Understand the key differences and embark on the journey from boss to leader with these eight vital steps. This article unveils how to inspire and lead teams with passion and purpose.

Side Hustle

Anyone Can Start a Passive Income Side Hustle For Easy Money — But Only If You Know These 5 Essential Tips First.

The rise of digital automation technology has made starting a passive income side hustle easier and more accessible than ever before.

Entrepreneurs

This Unique Social Startup Helps in Offsetting Carbon Footprint

Verdoo, a free online tool, helps consumers fight climate change through online shopping

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

News and Trends

The Relevance Of MRP In Modern India

There have been longstanding debates in the country about the efficacy of MRP