{"id":29240,"date":"2022-03-22T11:00:00","date_gmt":"2022-03-22T11:00:00","guid":{"rendered":"http:\/\/www.biggaddi.com\/blog\/?post_type=electricvehicles&#038;p=29240"},"modified":"2022-03-31T12:08:24","modified_gmt":"2022-03-31T12:08:24","slug":"ola-electric-invests-in-israeli-battery-technology-firm-storedot","status":"publish","type":"electricvehicles","link":"http:\/\/www.biggaddi.com\/blog\/electricvehicles\/ola-electric-invests-in-israeli-battery-technology-firm-storedot\/","title":{"rendered":"Ola Electric invests in Israeli battery technology"},"content":{"rendered":"<h1 style=\"margin-top: 0in; background: white;\"><span style=\"font-size: 11.0pt; font-family: 'Arial','sans-serif'; color: black;\">Ola Electric invests in Israeli battery technology firm StoreDot<img loading=\"lazy\" decoding=\"async\" class=\"wp-image-29241 alignright\" src=\"http:\/\/www.biggaddi.com\/blog\/wp-content\/uploads\/2022\/03\/5-ola-electric-new-plant-300x169.jpg\" alt=\"ola invests in an Israeli battery technology \" width=\"110\" height=\"62\" srcset=\"http:\/\/www.biggaddi.com\/blog\/wp-content\/uploads\/2022\/03\/5-ola-electric-new-plant-300x169.jpg 300w, http:\/\/www.biggaddi.com\/blog\/wp-content\/uploads\/2022\/03\/5-ola-electric-new-plant-1024x576.jpg 1024w, http:\/\/www.biggaddi.com\/blog\/wp-content\/uploads\/2022\/03\/5-ola-electric-new-plant-768x432.jpg 768w, http:\/\/www.biggaddi.com\/blog\/wp-content\/uploads\/2022\/03\/5-ola-electric-new-plant-624x351.jpg 624w, http:\/\/www.biggaddi.com\/blog\/wp-content\/uploads\/2022\/03\/5-ola-electric-new-plant.jpg 1200w\" sizes=\"auto, (max-width: 110px) 100vw, 110px\" \/><\/span><\/h1>\n<h2 style=\"background: white;\"><span style=\"font-size: 11.0pt; color: #555555; font-weight: normal; font-style: normal;\">Ola Electric has invested in an Israeli battery technology company, StoreDot. As part of the investment, Ola Electric will have access to StoreDot\u2019s state-of-the-art XFC battery technology that charges a battery from 0 to 100% in just 5 minutes<\/span><span style=\"color: #555555; font-weight: normal; font-style: normal;\">.<\/span><\/h2>\n<p style=\"background: white;\"><span style=\"font-family: 'Arial','sans-serif'; color: black;\">The investment in StoreDot is the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&amp;D in advanced cell chemistry &amp; manufacturing, as well as other battery technologies and new energy systems. The financial details of the deal were not revealed.<\/span><\/p>\n<p style=\"background: white;\"><span style=\"font-family: 'Arial','sans-serif'; color: black;\">As part of the investment in StoreDot, Ola Electric will have access to the company\u2019s state-of-the-art XFC battery technology that charges a battery from 0 to 100% in just 5 minutes. Ola will also have exclusive rights to manufacture batteries integrating StoreDot\u2019s fast-charge technology in India.<\/span><\/p>\n<p style=\"background: white;\"><span style=\"font-family: 'Arial','sans-serif'; color: black;\">The company plans to set up a gigafactory for manufacturing cells in the country to meet the demand generated by the Ola Futurefactory, the world\u2019s largest two-wheeler (2W) factory, and has already submitted a bid under the government\u2019s production linked incentive (PLI) scheme for advanced chemistry cell battery storage.<\/span><\/p>\n<p style=\"background: white;\"><span style=\"font-family: 'Arial','sans-serif'; color: black;\">Bhavish Aggarwal, founder and CEO, Ola, in\u00a0 a talk with BigGaddi.com informed about their ambition is to build a complete Ecosystem for EVs here in India.&#8221; We are increasing our investments in core cell and battery technologies and ramping up our in-house capabilities and global talent hiring, as well as partnering with global companies doing cutting edge work in this field \u201d.<\/span><\/p>\n<p style=\"background: white;\"><span style=\"font-family: 'Arial','sans-serif'; color: black;\">Ola Electric\u2019s plans to bring StoreDot\u2019s extreme fast charging battery technology to India and manufacture for its range of EVs will offer Indian consumers vastly superior range and charging speed performance.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ola Electric invests in Israeli battery technology firm StoreDot Ola Electric has invested in an Israeli battery technology company, StoreDot. As part of the investment, Ola Electric will have access to StoreDot\u2019s state-of-the-art XFC battery technology that charges a battery from 0 to 100% in just 5 minutes. The investment in StoreDot is the first [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"tags":[],"electricvehicles_cat":[],"class_list":["post-29240","electricvehicles","type-electricvehicles","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Ola Electric invests in Israeli battery technology firm StoreDot<\/title>\r\n<meta name=\"description\" content=\"Ola Electric invests in Israeli StoreDot&#039;s state-of-the-art XFC battery technology, charges a battery from 0 to 100% in just 5 minutes\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" 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