Reveals its cell manufacturing plans
BENGALURU, India, March 17, 2022 /PRNewswire/ -- Ola Electric,
India's leading manufacturer of
EVs, has inducted onto its Board Dr. Prabhakar Patil, former Chief Executive Officer
of LG Chem Power.
Welcoming Dr Patil onto the Board of Ola Electric Mobility,
Bhavish Aggarwal, Founder and CEO, Ola, said, "We are
investing deeply in core R&D to create indigenous advanced cell
technologies as well as invest into large scale manufacturing of
batteries. I look forward to working closely with Dr Prabhakar, as
we deepen our focus and investments into advanced cell research as
well as large scale manufacturing to build the best battery
technologies right here in India
and create a global EV hub with our Futurefactory at its
center."
He added, "We have already applied for the government of
India's $2.4bn PLI scheme for developing advanced cells
and will set up a cutting-edge cell manufacturing facility with
upto 50GWh capacity right here in India. Dr Prabhakar's expertise will help us
accelerate this process of bringing indigenously designed and
manufactured cells to the market."
As part of the company's plans to ramp up its core R&D in
advanced cell chemistry & manufacturing as well as other
battery technologies and new energy systems, Ola Electric is
scouting for opportunities around the world for strategic
investments into companies focused on advanced cell chemistry
research as well as other battery technologies that will enable the
company to provide higher density and higher battery performance
for its upcoming range of two and four wheeler EVs.
Upon joining the Ola Electric Mobility Board, Dr Patil
said, "I am delighted to join the Ola team and to do what I can to
support their quest to fundamentally transform major segments of
India's electric mobility system
to make it sustainable and self-reliant."
Dr. Prabhakar Patil joins Mr
Arun Sarin, former CEO, Vodafone
Group, Mr B V R Subbu, former President, Hyundai Motor India, Mr
Sumer Juneja, Managing Partner, SoftBank Vision Fund, Mr
Jaime Ardila Gomez, Former Executive
VP and President of South America
for General Motors, Mr TVG Krishnamurthy and Bhavish Aggarwal,
Founder and CEO, Ola on the company's Board.
Here is a link to the blogpost by Bhavish Aggarwal, Founder and
CEO, Ola:
https://blog.olaelectric.com/ola-electric-appoints-former-lg-chem-power-ceo-prabhakar-patil-to-its-board/
About Ola
Ola is India's largest mobility
platform. Ola revolutionised urban mobility by making it available
on demand for over a billion people across 3 continents. Today, Ola
continues to move the world to sustainable mobility through its
ride hailing platform as well as through advanced electric vehicles
manufactured at its Futurefactory, the largest, most advanced and
sustainable two wheeler factory in the world. Ola also operates its
new vehicle commerce platform with Ola Cars bringing seamless,
digital buying, selling and ownership of vehicles to consumers. Ola
is dedicated to transitioning the world to sustainable mobility and
making the world better than we found it.
For more details,
Krishnakoli Dutta
Corporate Communications, Ola Electric
media@olacabs.com
Photo:
https://mma.prnewswire.com/media/1768569/Prabhakar_Patil.jpg