Ola Electric partners with StoreDot for extreme fast-charging tech

StoreDot's XFC technology is capable of charging from 0-100% in just 5 minutes.

Ola Electric has partnered with Israel-based battery technology company StoreDot to bring extreme fast charging technology to India.

StoreDot's extreme fast charging (XFC) technology is said to be the future of battery technology. It is capable of charging from 0-100% in just 5 minutes.

Under the new deal, Ola Electric will get access to XFC technology. It is part of the company's larger plan to ramp up its R&D in advanced cell chemistry and manufacturing.

StoreDot plans to start mass production of its XFC batteries in the next couple of years. The company is also developing a 2-minute charge technology that could be rolled out in the next 10 years.