Ola Electric, led by founder Bhavish Aggarwal, is making significant strides in the electric vehicle (EV) sector. The company is working on building solid-state batteries and has aligned with the Indian government's direction to reduce FAME subsidies, replacing them with the Production Linked Incentive (PLI) scheme. Ola Electric recently received certification from the Bureau of Indian Standards (BIS) for its 4680 battery cells. Additionally, the company plans to invest $100 million in a new gigafactory and has highlighted the role of all-women factories in its operations, citing their disciplined workforce. Karnataka is noted as a very good manufacturing hub for the company.
🚨 #Ola Electric to #invest $100 million in gigafactory #Ola Electric recently received certification from the Bureau of Indian Standards (#BIS) for the battery cells. https://t.co/kR2fr1VYIl
#OnETNOW | Bhavish Aggarwal, Founder of OLA Electric, highlights all-women factories due to their disciplined workforce; Read to know more about the future of OLA Electric @OlaElectric @bhash https://t.co/tStzMDoy2z
#OnETNOW | Bhavish Aggarwal, Founder of OLA Electronics, highlights all-women factories due to their disciplined workforce; Read to know more about the future of OLA Electronics @OlaElectric @bhash https://t.co/okPhnIlIEE
#OnETNOW | Bhavish Aggarwal, Founder of OLA Electronics, highlights all-women factories due to their disciplined workforce; Explore the future of OLA Electronics @OlaElectric @bhash https://t.co/RLczvDjKad
#OnETNOW | "OLA 4680 Battery Cell got BIS Certification recently" says Bhavish Aggarwal of OLA Electric @OlaElectric @bhash https://t.co/pKA9EwuD7o
#LeadStoryOnET | #Ola working on #SolidState #batteries, CEO says okay with govt tapering off #EV #subsidies https://t.co/YbggIzPeZn
🚨 "Ola aligned with Government direction to reduce FAME subsidies and replace with PLI scheme," says @Olacabs founder @bhavish on FAME subsidy. #Ola #BhavishAggarwal #PLI #Subsidy https://t.co/c1BePXVy5B
🚨Ola founder Bhavish Aggarwal on EV cos opening outside Karnataka, profitability/layoffs No comment on cost cutting Do look at our costs You will see more announcements on Karnataka is a very good manufacturing hub Karnataka is one of the top manufacturing states… https://t.co/9pi7c55qwm
🚨🚨 Ola founder Bhavish Aggarwal on Ola Electric IPO timeline, FAME subsidy tapering, hiring married women in light of Foxconn controversy (Ola's future factory and gigafactory predominantly have women employees), using Ola cells for scooters and more 👇🏻👇🏻 With @BhavyaDKumar… https://t.co/jYZZf9IwBX
India's Ola Electric working on building solid-state batteries, CEO says https://t.co/uvRVXptF5Z https://t.co/UAth9Yx40q
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