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Ola is opening & investing $100M into Ola Futurefoundry, advanced engineering & design center in U.K. It will work closely with team in Bangalore & focus on high performance automotive engineering, vehicle design & battery tech.
Ola Electric signed the PLI scheme linked agreement with the Ministry of Heavy Industries, Government of India. It has been awarded the full 20GWh capacity under the scheme. Company to put indigenously developed battery cells into mass production in 2023.