Rs 4,000 Crore Investment In R&D Facility Planned By Ola Electric
Electric two-wheeler manufacturer, Ola Electric has planned an investment of USD 500 million (about Rs 4,000 crore) in a cell R&D facility in Bengaluru. In a statement the founder and CEO, Bhavish Aggarwal said that "Sharing something I’m personally very passionate about! Building a state-of-the-art Battery Innovation Centre (BIC) in Bangalore". Proposed BIC will be one of the world's largest, most advanced cell R&D facilities.
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