Wednesday, July 30, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
Ola Electric invests in Israel-based StoreDot for fast charging technology, Auto News, ET Auto

Ola Electric invests in Israel-based StoreDot for fast charging technology, Auto News, ET Auto

by admin
March 21, 2022
in Technology
0 0
0
Share on FacebookShare on Twitter


 As part of the investment in StoreDot, Ola Electric will have access to the company’s XFC battery technology that charges a battery from 0 to 100% in just 5 minutes.
As a part of the funding in StoreDot, Ola Electrical can have entry to the corporate’s XFC battery know-how that prices a battery from 0 to 100% in simply 5 minutes.

New Delhi: Ola Electrical on Monday stated it has invested within the Israeli battery know-how firm StoreDot, which makes batteries with excessive quick charging (XFC) know-how.

“The funding in StoreDot is the primary of a number of international strategic investments deliberate by Ola Electrical because it appears to be like to ramp up its core R&D in superior cell chemistry and manufacturing in addition to different battery applied sciences and new power programs”, the EV maker stated in a press release.

As a part of the funding in StoreDot, Ola Electrical can have entry to the corporate’s XFC battery know-how that prices a battery from 0 to 100% in simply 5 minutes. Ola can even have unique rights to fabricate batteries integrating StoreDot’s quick cost know-how in India.

Bhavish Aggarwal, founder & CEO, Ola, stated, “We’re dedicated to Mission Electrical and to speed up the world’s transition to electrical mobility. Our ambition is to construct an entire ecosystem for EVs right here in India. The way forward for EVs lies in higher, quicker and excessive power density batteries, able to fast charging and delivering increased vary.”

“We’re growing our investments in core cell and battery applied sciences and ramping up our in-house capabilities and international expertise hiring, in addition to partnering with international firms doing cutting-edge work on this area,” he stated.

Doron Myersdorf, CEO, StoreDot, stated, “We’re extraordinarily excited to be getting into into this strategic partnership with Ola. Each the businesses are dedicated to delivering a zero-emissions world, respiratory clear air in our cities and making certain that EV drivers by no means have to fret about charging instances and vary nervousness.”

Additionally Learn:

“We’ve got already utilized for the federal government of India’s USD 2.4 billion PLI scheme for growing superior cells and can arrange a cutting-edge cell manufacturing facility with as much as 50GWh capability in India. Dr Prabhakar’s experience will assist us speed up this technique of bringing indigenously designed and manufactured cells to the market,” Bhavish Aggarwal, founder and CEO, Ola, stated.





Source link

Tags: AutochargingElectricfastinvestsIsraelbasedNewsOlaStoreDotTechnology

Related Posts

KPIT Technologies Achieves ₹1,480 Crore Revenue in Q1 FY26 with Stable EBITDA, ETAuto
Technology

KPIT Technologies Achieves ₹1,480 Crore Revenue in Q1 FY26 with Stable EBITDA, ETAuto

July 30, 2025
Sharpsell.ai Secures ₹30 Cr Series A Funding Led by Equentis Angel Fund, ETAuto
Technology

Sharpsell.ai Secures ₹30 Cr Series A Funding Led by Equentis Angel Fund, ETAuto

July 30, 2025
Musashi India Launches ₹10 Crore Technology Excellence Centre in Bengaluru, ETAuto
Technology

Musashi India Launches ₹10 Crore Technology Excellence Centre in Bengaluru, ETAuto

July 29, 2025
Tesla and Samsung Forge .5 Billion Chip Supply Deal for Next-Gen AI Chips, ETAuto
Technology

Tesla and Samsung Forge $16.5 Billion Chip Supply Deal for Next-Gen AI Chips, ETAuto

July 28, 2025
Musk says Samsung will produce Tesla’s AI6 chip at US plant, ETAuto
Technology

Musk says Samsung will produce Tesla’s AI6 chip at US plant, ETAuto

July 28, 2025
Sotefin Bharat to Launch ₹80 Crore IPO for Automated Parking Solutions in West Bengal, ETAuto
Technology

Sotefin Bharat to Launch ₹80 Crore IPO for Automated Parking Solutions in West Bengal, ETAuto

July 27, 2025
Load More
Next Post
VW Invests .1B Into North America, Targets 55 Percent EV Sales By 2030

VW Invests $7.1B Into North America, Targets 55 Percent EV Sales By 2030

Nissan Lets Dealers Charge, Finance Up To ,500 On Some Lease Buyouts

Nissan Lets Dealers Charge, Finance Up To $2,500 On Some Lease Buyouts

Categories

  • Auto News (3,429)
  • Automative Reviews (1,945)
  • Car Brands (2,071)
  • Insurance (3,451)
  • Market (1,611)
  • New Cars (2,173)
  • Technology (2,050)
  • Videos (2,148)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • KPIT Technologies Achieves ₹1,480 Crore Revenue in Q1 FY26 with Stable EBITDA, ETAuto
  • SUZUKI JIMNY NEW FACELIFT 1.5 JC SIERRA JAPAN SPEC YEAR 2022 & 2023 #suzukijimny #jimny #suzukicars
  • Semiconductors: The Engine Behind Modern Vehicles
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In