Recently which electric vehicle firm announce to invest $500 million for setting up its battery innovation centre (BIC) in Bengaluru?

Solution

Ola Electric, the ride-hailing firm’s electric vehicle arm, is investing about $500 million for setting up its battery innovation centre (BIC) in Bengaluru. BIC will be one of the world’s largest and most advanced cell research and development (R&D) facilities with more than 165 unique and cutting-edge laboratory equipment to cover all aspects of cell-related R&D. Ola Electric Mobility is an Indian electric two-wheeler manufacturer, based in Bangalore. Its manufacturing plant is located in Krishnagiri, Tamil Nadu, India. Founder: Bhavish Aggarwal Founded: 2017