Ola Electric eyes stakes in joint ventures to up raw material supplies

Also in talks for tie-ups with firms that provide elements to make batteries

Ola Electric is open to picking up minority stakes in a couple of joint ventures in order to build a robust supply chain of the key raw materials it needs to manufacture advanced cell chemistry batteries.

It is also in talks for partnerships with providers of global anode, cathode and electrolytes which are used to make the batteries in the hope that these providers are keen to open up shop in India and create facilities in the electric vehicle hub which Ola is building. The company has already worked on making its first pre-sample cell in a lab in South