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Last month, Ola Electric announced to invest $500 million for setting up its state of the art Battery Innovation Centre (BIC) in Bengaluru.

Amid the slew of resignations, Ola's Senior Director and Business Head for Charging Networks Yashwant Kumar has also decided to move on.

As per estimates, the Ola cell battery plant may cost around $1 billion and may be built with an initial capacity of 1 Gwh, which will be expanded in the future.

Ola plans to accelerate its new ambitious projects such as electric cars, cell manufacturing, and the gigafactory, besides deepening its focus on technology and engineering.

The investment in StoreDot is the first of several global strategic investments planned by Ola as it looks to ramp up its core R&D in advanced cell chemistry.

Ride-hailing firm Ola has appointed Rakesh Bhardwaj as Global Chief Information Officer. In this role, Bhardwaj will lead strategic direction on process and technology initiatives

Ola has acquired Mumbai-based Ridlr, an end-to-end public transport ticketing and commuting app. Ridlr’s team of 64 employees will be joining Ola.

Cab aggregator Ola has acquired food ordering and delivery marketplace Foodpanda’s India business and will invest $200 million to revamp the platform.

Without disclosing when and at what valuation, cab aggregator Ola said that it has raised $1.1 billion in funding and is in advanced talks to close an additional $1 billion