The rollout of Bharat Cell is accelerating
Ola Electric on Sunday said it has scaled up deliveries of its 4680 Bharat Cell-powered S1 Pro+ (5.2 kWh) in Tamil Nadu, Kerala, Telangana and Karnataka, PTI reported. The company has commenced deliveries in Coimbatore, Kochi and Hyderabad along with continued ramp-up in Bengaluru, the company said in a statement. The S1 Pro+ (5.2 kWh) is the first product powered by the company’s indigenously manufactured 4680 Bharat Cell battery pack and delivers longer range, higher performance and improved safety, it added.
“Customers are now adopting scooters powered by our proprietary 4680 Bharat Cell, and the rollout is gaining momentum. With deliveries expanding across multiple states, we are now gearing up to take the 4680 Bharat Cell-powered vehicles nationwide to reach every corner of the country,” an Ola Electric spokesperson told PTI.
With its own 4,680 Bharat Cell battery packs in the vehicles, Ola Electric has now become India’s first company to fully in-house its cell and battery pack manufacturing process, marking a major milestone in building a fully integrated EV ecosystem in India, the company said.
Ola Electric currently offers an extensive portfolio of S1 scooters and Roadster
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PLI incentive provides background
Additionally, the company recently secured an incentive of Rs 366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components for the financial year 2024-25.According to a filing with the regulator, Ola Electric Technologies, a wholly owned subsidiary of Ola Electric Mobility, received a sanction order from the Ministry of Heavy Industries, Government of India, on December 24. The order pertains to release of demand incentive to IFCI Limited, which has been designated as the paying financial institution for the scheme.
The incentive amount of Rs 366.78 crore has been sanctioned against the determined sales value of the company for the financial year 2024-25, in line with the PLI-Auto Scheme aimed at promoting domestic manufacturing and advanced automotive technologies.
“The sanction of Rs 366.78 crore under the PLI-Auto Scheme is a strong endorsement of Ola Electric’s manufacturing capabilities and our commitment to building world-class EV technology in India,” an Ola Electric spokesperson said, adding that the incentive recognizes efforts to scale up domestic manufacturing, deepen localization and drive innovation in the electric mobility value chain.
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