Nov 1, 2022
Ola Electric Appoints former LG Chem Power CEO Prabhakar Patil to its Board
I am thrilled to announce the appointment of Dr. Prabhakar Patil to the Ola Electric board. He is the former CEO of LG Chem Power and has tremendous expertise in designing batteries for some of the leading EVs around the world.
At Ola we are investing deeply behind core R&D to create indigenous advanced cell technologies as well as invest into large scale manufacturing of batteries. We have already applied for the government of India’s $2.4bn PLI scheme for developing advanced cells and will set up a cutting edge cell manufacturing facility with upto 50GWh capacity right here in India. Dr Prabhakar’s expertise will help us accelerate this process of bringing indigenously designed and manufactured cells to the market.
We are also keenly scouting opportunities around the world for strategic investments into companies focused on advanced cell chemistry research as well as other battery technologies including fast charging that will allow us to provide higher density and higher battery performance for our upcoming range of two and four wheeler EVs.
I look forward to working closely with Dr Prabhakar as we deepen our focus and investments into advanced cell research as well as large scale manufacturing to build the best battery technologies right here in India and create a global EV hub with our Futurefactory at its center.