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Ola Electric scooter will be charged in 5 minutes, signed with Israeli company!

Ola Electric has invested in StoreDot, an Israeli battery technology company that manufactures batteries with Extreme Fast Charging (XFC) technology. With this partnership, the company plans to enhance its core R&D (research and development) with advanced cell manufacturing as well as other battery technologies and new energy systems. With this partnership, Ola Electric will have the right to use StoreDot’s XFC technology in its battery, which has the ability to charge a battery from 0 to 100 percent in just 5 minutes.

Ola Electric press release Through this, all the information about this partnership has been given. However, the company has not disclosed the financial details of this partnership. Ola also plans to set up a gigafactory for manufacturing cells in the country to meet the demand for its electric two-wheelers. The company has already submitted its bid for advanced chemistry cell battery storage under the PLI scheme of the government.

In the release Bhavish Aggarwal, Founder and CEO, Ola said, “The future of EVs lies in better, faster and higher energy density batteries, capable of fast charging, and providing higher range. We specialize in core cell and battery technology. Increasing our investments and hiring our in-house capabilities and global talent.”

At the same time, Doran Myersdorf, CEO of Storedot, said, “Both companies are committed to creating a zero-emissions world, breathing clean air in our cities and ensuring that EV drivers don’t have to worry about charging times and limits.” Ola Electric plans to bring Storedot’s Xtreme fast-charging battery technology to India.” “We are also presenting our customers with a clear technology roadmap that will extend far into the future of delivering 100 miles of range in just 2 minutes of charge within a decade,” he added.

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