The meetings to examine marketable and financial collaboration in minerals was held under the aegis of the Australia India Business Exchange programme.
Ola Electric Mobility has started conversations with Australian corporations to source key minerals for electric vehicle battery manufacture, two people aware of the development said. “The discussions to explore commercial and economic collaboration in minerals were held under the aegis of the Australia India Business Exchange programme“.
The proposed partnership would comprise the allowance of minerals such as lithium, graphite, cobalt, nickel and titanium from Australian companies to EV manufacturers such as Ola Electric, looking to start their cell and battery manufacturing value chain.
The electric mobility company is also subsidizing deeply in core R&D to create improved cell technologies as it plans large-scale manufacturing of batteries.
“Australia has among the largest global supplies of battery minerals and world-class mineral processing technologies. We look forward to working closely with India to power our renewable energy futures. More than 100 Australian businesses have visited India as part of the Australia India Business Exchange mission this week to explore commercial partnership opportunities,” The Australian High Commission said in response to a query.
