Ola Electric announced the investment of $500 million. It will be for setting up its state-of-the-art Battery Innovation Centre (BIC) in Bengaluru. The BIC would be one of the world’s largest and most advanced cell R&D facilities. It will have more than 165 “unique and cutting-edge” lab equipment. That will cover all aspects of cell-related research and development. The centre would be capable of developing complete packages of battery pack design, fabrication and testing under one roof.
