{"id":119721,"date":"2023-10-28T04:33:07","date_gmt":"2023-10-28T04:33:07","guid":{"rendered":"https:\/\/blogcamlodipine.com\/?p=119721"},"modified":"2023-10-28T04:33:07","modified_gmt":"2023-10-28T04:33:07","slug":"ola-electric-raises-rs-3200-crore-to-set-up-cell-manufacturing-unit","status":"publish","type":"post","link":"https:\/\/blogcamlodipine.com\/auto-news\/ola-electric-raises-rs-3200-crore-to-set-up-cell-manufacturing-unit\/","title":{"rendered":"Ola Electric raises Rs 3,200 crore to set up cell manufacturing unit"},"content":{"rendered":"

Ola Electric plans to expand its production capacity in preparation for its upcoming electric motorcycles and cars.<\/h2>\n

Ola Electric has raised Rs 3,200 crore in funding from Temasek-led marquee investors and the State Bank of India. The company plans to use the funds to expand its EV business and set up India\u2019s first lithium-ion cell manufacturing factory.<\/p>\n

Ola Electric plans to expand its production capacity in preparation for its upcoming electric motorcycles and cars. The company is also looking to set up a battery manufacturing unit in Krishnagiri, Tamil Nadu. It is expected to come online by early next year.<\/p>\n

Bhavish Aggarwal, Founder & CEO of Ola Electric said, \u201cAt Ola, our vision is to end ICE age in automobiles and our upcoming Gigafactory will be a big leap in India\u2019s journey towards becoming a global EV hub. We are committed towards developing core technologies in EVs and cell and are rapidly scaling up manufacturing to further accelerate the transition to sustainable mobility. Our investors and lenders have shown deep faith in Ola\u2019s vision, and we thank them for the constant support and encouragement.\u201d<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ola Electric plans to expand its production capacity in preparation for its upcoming electric motorcycles and cars. Ola Electric has raised Rs 3,200 crore in funding from Temasek-led marquee investors and the State Bank of India. The company plans to…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"\nOla Electric raises Rs 3,200 crore to set up cell manufacturing unit - blogcamlodipine.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogcamlodipine.com\/auto-news\/ola-electric-raises-rs-3200-crore-to-set-up-cell-manufacturing-unit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ola Electric raises Rs 3,200 crore to set up cell manufacturing unit - blogcamlodipine.com\" \/>\n<meta property=\"og:description\" content=\"Ola Electric plans to expand its production capacity in preparation for its upcoming electric motorcycles and cars. 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