Ola Electric to Set Up Battery Innovation Centre in Bengaluru With In-House Production Capability

Ola Electric announced that it will invest $500 million (roughly Rs. 4,000 crore) to set up a Battery Innovation Centre (BIC) in Bengaluru. According to the company, the upcoming BIC will have more than 165 types of lab equipment to cover all aspects of cell related research and development. BIC will also be equipped with in-house production capability, according to …