Photo: Twitter/@OlaElectric
Ola Electric, an electric vehicle (EV) firm, on February 18 signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to broaden its manufacturing capabilities throughout two Wheelers, 4 Wheelers and cells.
As a part of the MoU, Ola would set up an EV Hub which might comprise superior cell and electric vehicle manufacturing amenities, vendor and provider parks, and the bigger ancillary ecosystem for EVs at a single location mentioned the corporate assertion.
Located in Krishnagiri and Dharmapuri Districts of Tamil Nadu, the Ola EV Hub can be the world’s largest EV facility at a single location, unfold throughout roughly 2,000 acres, claimed the EV start-up.
Bhavish Aggarwal, CEO, Ola mentioned, “This is our decade and we are on the right track to becoming a global hub for EVs. At Ola, our aim is to localise all critical elements of the EV value chain.”
Last 12 months, Ola unveiled its first Li-ion cell, NMC 2170, which was inbuilt its state-of-the-art Battery Innovation Centre (BIC) in Bengaluru, which was set up at an funding of $500 million.
