Ola Electric Inducts Former LG Chem Power CEO Prabhakar Patil onto its Board
PR95047
BENGALURU, India, March17, 2022/PRNewswire=KYODO JBN/--
- Reveals its cell manufacturing plans
Ola Electric, India's leading manufacturer of EVs, has inducted onto its
Board Dr. Prabhakar Patil, former Chief Executive Officer of LG Chem Power.
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."
Dr. Prabhakar Patil joins Mr Arun Sarin, former CEO, Vodafone Group, Mr B V
R Subbu, former President, Hyundai Motor India, Mr Sumer Juneja, Managing
Partner, SoftBank Vision Fund, Mr Jaime Ardila Gomez, Former Executive VP and
President of South America for General Motors, Mr TVG Krishnamurthy and Bhavish
Aggarwal, Founder and CEO, Ola on the company's Board.
Here is a link to the blogpost by Bhavish Aggarwal, Founder and CEO, Ola:
About Ola
Ola is India's largest mobility platform. Ola revolutionised urban mobility
by making it available on demand for over a billion people across 3 continents.
Today, Ola continues to move the world to sustainable mobility through its ride
hailing platform as well as through advanced electric vehicles manufactured at
its Futurefactory, the largest, most advanced and sustainable two wheeler
factory in the world. Ola also operates its new vehicle commerce platform with
Ola Cars bringing seamless, digital buying, selling and ownership of vehicles
to consumers. Ola is dedicated to transitioning the world to sustainable
mobility and making the world better than we found it.
For more details,
Krishnakoli Dutta
Corporate Communications, Ola Electric
media@olacabs.com
Photo: https://mma.prnewswire.com/media/1768569/Prabhakar_Patil.jpg
Source: Ola Electric
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