Ola Electric has invested in Israeli battery tech firm Retordot to make its scooter battery hi-tech. After this investment, Ola Electric will help in making the battery of its scooter more powerful. This investment was informed by Ola Electric. At the same time, according to Ola Electric, both the companies will jointly do research for the battery of electric vehicles. Along with this, at present all the details of this investment have not been shared by both the companies.
Scooter battery will be charged in 5 minutes With the help of Israeli company Storedot, Ola Electric will be able to speed up the charging speed of the batteries of its electric scooters. Let us tell you that with the XFC battery technology, the battery of the electric scooter will be able to charge from 0 to 100 percent in just 5 minutes. However, nothing has been said about this from both the companies yet.
After this investment, Ola will have the right to make Storedot’s fast charge technology in India, which can prove to be very beneficial for the company in the coming days. Ola Electric said in a statement that the investment in Storedot is the first of several global strategic investments planned by the company.
The CEO of Ola Electric said this – Bhavish Aggarwal, CEO, Ola Electric said that, it is our endeavor to create a better future for EVs in India. That is why, we are partnering with a global company that is doing cutting edge in this field. Ola Electric said in a statement that the investment in Storedot is the first of several global strategic investments planned by the company.
The demand for electric two-wheelers is increasing rapidly. The demand for electric two-wheelers is increasing rapidly in the country. Behind this is the rising price of petrol and diesel and the increasing awareness towards the environment. Along with this, people are also preferring to buy electric vehicles due to subsidies from the central and state governments.