Ola Electric aiming to reduce EVs 25-30% cheaper with 4680 Bharat Battery Cells

By manufacturing its indigenous 4680 Bharat battery lithium-ion cell, Ola Electric is aiming to reduce the price of its electric vehicles by 25-30%, according to Bhavish Aggarwal, founder, Ola Electric. Aggarwal was speaking at a session on the Business Today’s India@100 summit on Tuesday.

The company unveiled 4680 Bharat Battery Cell last week during Ola’s Sankalp annual flagship event. The company plans to integrate 4680 bharat battery cell in its electric motorcycles, which will be launched early next year. Unlike 2170 which are integrated in Ola’s electric scooters, 4680 bharat battery cell offers five times more energy density.

Notably, Aggarwal’s company Ola Electric listed in the Indian stock exchanges last week. The three-year old Ola Electric currently commands the lead position in the electric two-wheeler segment. “We are in the business at Ola electric building for a sustainable future, and we want to build a company in a sustainable way, which is a profitable growth journey,” said Aggarwal.