Ola Electric – Future of Mobility, an Overview

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Ola Electric – Future of Mobility, an Overview. Ola Electric was founded in 2017 as a wholly-owned subsidiary of ANI Technologies, which also owns Ola Cabs. A pilot programe was initiated in Nagpur in May 2017 by putting up charging stations across the city.

Ola Electric – Future of Mobility, an Overview.

Buying electric taxis, e-buses, and e-rickshaws from OEM partners in order to reduce emissions and fuel reliance of Ola’s cabs and convert to mass electric mobility. It said in April 2018 that it plans to have 1 million electrified vehicles in its cab service by 2022.

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Between December 2018 and January 2019, founder Bhavish Aggarwal purchased a 92.5% ownership in Ola Electric from ANI Technologies for 1 lakh (US$1,300), and Ola Electric was split out as a separate entity.

ANI Technologies retained a 7.5% ownership in Ola Electric in exchange for the use of the “Ola” brand name.

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Ola Electric raised US$56 million in February 2019 from Tiger Global and Matrix India.

On May 6, 2019, the firm announced that Ratan Tata had invested an unknown sum in Ola Electric as part of its Series A round of fundraising.

Ola unveils India’s first indigenously made lithium ion-cell

Ola Electric, India’s largest electric car startup, has revealed NMC 2170, the country’s first indigenously made lithium-ion cell. Ola will commence mass production of its cell from its future Gigafactory in 2023.

The cutting-edge High Nickel Cylindrical Ola Cell employs NMC on the cathode and graphite and silicon on the anode. The use of particular chemistry and materials allows the cell to pack more energy into a given space while also improving the cell’s entire life cycle. The cell was created with the indigenous circumstances in mind.

“A cell is at the heart of the electric vehicle revolution.”

Bhavish Aggarwal, Founder and CEO, Ola Electric said,

“”A cell is at the heart of the electric vehicle revolution.” Ola is constructing the world’s most advanced cell research centre, which will allow us to expand and innovate more quickly, as well as manufacture the most advanced and affordable EV goods in the world.

Our first Li-ion cell manufactured in-house is also the first of many in our cell technology roadmap. A strong local EV ecosystem is critical for India to become a global EV centre.”

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The company has pledged to invest in core R&D in order to develop domestic advanced cell technologies, expand manufacturing capabilities, and establish an integrated Ola Electric Vehicles hub. The Government of India recently awarded 20GWh capacity under the ACC PLI scheme for building advanced cells in India.and is setting up a cutting edge cell manufacturing facility with an initial capacity of upto 20 GWh, localizing the most critical part of the EV value chain.

The company is also looking for top cell R&D talent all across the world, and will hire 500 PhDs and Engineers.

Ola Electric will debut its first electric vehicle in August 2021 and has established India’s largest 2W production facility. It is trying to develop a solid roadmap of electric vehicles in order to hasten the world’s transition to electric mobility. The business is now working on the development of its first electric 4W.

Ola to invest USD 500 million in battery innovation and indigenous cell R & D

Newsroom:

• Ola will establish a Battery Innovation Center (BIC) in Bangalore to research future and localised cell technologies.

Technology in Ola Electric

• Covering 500,000 square feet ft., BIC will be one of the world’s largest cell R&D facilities.

At full strength, acquire top industry talent, including 500 PhDs and engineers.

Ola Electric, India’s leading electric car firm

Ola Electric, India’s leading electric car firm, announced today a USD 500 million investment in the establishment of its state-of-the-art Battery Innovation Center (BIC) in Bangalore. With over 165 unique and cutting-edge lab equipment to handle all elements of cell related research and development, BIC will be one of the world’s largest and most advanced cell R&D facilities.

Ola’s BIC

Ola’s BIC will house Proto lines capable of producing all form factors, including cylindrical, pouch, coin, and prismatic cells. Under one roof, the world-class innovation centre will be able to generate comprehensive packages of battery pack design, production, and testing. BIC will also have in-house production capability of anode and cathode materials from mg to kg scale, an integrated facility for Hand in Hand Nanoscale analysis and Molecular Dynamics modelling, and an in-house crystal structure analysis to develop new battery materials.

Ola’s BIC will hire top global talent, including 500 PhDs and engineers, and will be supported by an internal recruitment team.

Additional 1000 researchers in India and other global hubs Ola’s Battery Innovation Center in Bangalore will serve as the foundation for core cell technology.

India is leading the way in battery development and innovation for the rest of the world. The BIC will include modern labs and high-tech equipment for battery innovation, assisting India on its path to becoming a worldwide EV hub.”

High-tech research equipment.

Ola’s BIC will contain physical characteristics labs with high-tech research equipment.

X-ray photoelectron spectroscopy (XPS) machines, the most recent Gen 3 CT scan equipment for Non-Destructive Testing (NDT) for cell and pack imaging, a double planetary mixer, and a lab slot die coater are all availabl, electrode fabrication unit, an automated assembly line for manufacturing cylindrical & pouch cells among others.

Ola has launched the NMC 2170, its first Li-ion cell. Ola will commence mass production of its cell from its future Gigafactory in 2023.

20GWh ACC PLI scheme

The company was recently allocated 20GWh capacity by the Government of India under the ACC PLI scheme for developing advanced cells in India, and is establishing a cutting-edge cell manufacturing facility with an initial capacity of up to 20 GWh, localising the most critical part of the EV value chain.

As we released reservations over the previous few months, lakhs of customers reserved their spot to purchase the groundbreaking Ola S1 and S1 Pro.

We opened for purchase yesterday, and people responded by booking Ola scooters in historic numbers! Every second, we sold four scooters! In fact, we sold motorbikes valued over 600 crores in just 24 hours! That is more valuable than what the entire 2W business sells in a single day! Make no mistake: the EV era has arrived.

THE ERA OF EV

This response has exceeded our expectations, and given our upcoming production plans, today will be the last day for people to purchase their Ola S1 and S1 Pro scooters.

Those who have already reserved can make additional purchases until midnight today, when the purchasing window will close. So I invite you to book yours today to take advantage of this special offer!

Customers can continue to hold their place in the buying queue. It should be noted that purchases are only available through the Ola App.

Yesterday’s findings also demonstrated that, given the right product, India has enormous pent-up demand and a vast domestic market for two-wheeler EVs. We must use this to stimulate innovation, build a strong local EV ecosystem, and transform India into not only a large EV market, but also a global EV manufacturing hub!