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Lithium ion Cells, rare earth free motors: Bhavish Aggarwal's make in India plans for Ola Electric

Founder and CEO Bhavish Aggarwal is convinced that success in the electric vehicle (EV) sector hinges on a technology-driven, vertically integrated approach, much like Elon Musk’s Tesla and China’s BYD. In response to the increasing complexities of global supply chains exacerbated by geopolitics, Ola Electric is manufacturing everything in-house—from battery cells and rare earth-free motors to scooters themselves. The Ola Gigafactory in Krishnagiri boasts a production capacity of 5GWh, capable of producing between 1 lakh and 2 lakh cells daily, with around 40 cells required for each scooter. During the visit, Aggarwal guided Moneycontrol’s Chandra R Srikanth through the intricate cell manufacturing process, while candidly addressing questions on market share, user feedback, competitive dynamics and lessons drawn from the public markets.

first published: Aug 18, 2025 04:01 pm

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