- Reveals its cell manufacturing plans


    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

    Source: Ola Electric