Lithium-ion Cell Sector News | Project News | Project Update | Project Opportunities
Ola Electric has successfully secured ?3,200 crore in equity funding, led by existing investor Temasek, and additional project debt from the State Bank of India (SBI). The funds will support the establishment of a cell manufacturing facility and the expansion of Ola Electric’s electric two-wheeler business. Ola Electric, benefitting from the government’s Advanced Chemistry Cells Production-Linked Incentive (ACC PLI), is establishing a lithium-ion cell manufacturing plant in India, starting with a 5 GWh capacity in phase 1 and plans for scaling up to 100 GWh at full capacity.
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Note: Note: The above-mentioned news was first published by us in our ProjectX India | 15th November 2023 edition.. To get this issue or our latest issue with full contact details, you can buy this issue by clicking here…
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