Ola Electric has invested in an Israeli battery technology company StoreDot that excels in batteries with extreme fast charging (XFC) technology. The investment in StoreDot is the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry and manufacturing as well as other battery technologies and new[Read More…]
Ola Electric, India’s leading manufacturer of EVs, today announced it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others. The latest round values the company at $5 billion. Over the last 12 months, Ola Electric has built the Futurefactory, the world’s largest 2W manufacturing facility, Ola S1 – the best scooter ever made and[Read More…]
Ola, one of the leading mobility companies in the world, today announced that it has selected ABB as one of its key partners for robotics and automation solutions for its mega-factory in India that will roll out the much-anticipated Ola electric scooter. Ola’s scooter mega-factory, billed to be the world’s largest scooter factory, is expected to be ready and operational in[Read More…]
Ola, one of the leading mobility companies in the world, today announced that it has partnered with Siemens as it looks to rapidly build its upcoming electric vehicle manufacturing facility. This announcement comes on the heels of Ola’s MoU with the government of Tamil Nadu to invest nearly INR 2,400 Cr towards building this facility. The factory will generate almost[Read More…]
