Ola Electric inducts former LG Chem Power CEO Prabhakar Patil onto its Board

Welcoming Dr Patil onto the Board of Ola Electric Mobility, Bhavish Aggarwal, Founder and CEO, Ola, said, “We are investing deeply in core R&D to create indigenous advanced cell technologies as well as invest into large scale manufacturing of batteries. I look forward to working closely with Dr Prabhakar as we deepen our focus and investments into advanced cell research as well as large scale manufacturing to build the best battery technologies right here in India and create a global EV hub with our Futurefactory at its center.”

He added, “We have already applied for the government of India’s $2.4bn PLI scheme for developing advanced cells and will set up a cutting edge cell manufacturing facility with upto 50GWh capacity right here in India. Dr Prabhakar’s expertise will help us accelerate this process of bringing indigenously designed and manufactured cells to the market.”

As part of the company’s plans to ramp up its core R&D in advanced cell chemistry & manufacturing as well as other battery technologies and new energy systems, Ola Electric is scouting for opportunities around the world for strategic investments into companies focused on advanced cell chemistry research as well as other battery technologies that will enable the company to provide higher density and higher battery performance for its upcoming range of two and four wheeler EVs.

Upon joining the Ola Electric Mobility Board, Dr Patil said, “I am delighted to join the Ola team and to do what I can to support their quest to fundamentally transform major segments of India’s electric mobility system to make it sustainable and self-reliant”.