SoftBank-backed Ola Electric invests in Israeli battery tech firm StoreDot

It's the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry & manufacturing and new energy systems

Ola Electric, India’s leading manufacturer of EVs (electric vehicles), has invested in an Israeli battery technology company StoreDot, a pioneer in batteries with extreme fast charging (XFC) technology.

The investment in StoreDot is the first of several global strategic investments planned by Ola  Electric as it looks to ramp up its core R&D in advanced cell chemistry & manufacturing as well as other battery technologies and new energy systems. The companies did not reveal the value of the investment.

As part of the investment in StoreDot, Ola Electric will have access to the company’s state of the art XFC battery technology that