Ashok Saraswat, The Head Of Ola Electric's Battery Unit, Steps Down

Senior Executives of Ola Electric continue to leave, and now Ashok Saraswat, the company's Head of Advanced Battery Engineering, has left. According to sources, Saraswat, who joined SoftBank-backed Ola last year, is scheduled to join a company that is getting into the battery market. Ola Electric declined to comment on the situation.

In recent months, more than a dozen senior executives have left Ola Electric as the Bhavish Aggarwal-run EV manufacturer has unveiled intentions to create domestic batteries and cells in the nation Ola Electric said last month that it would invest $500 million to build a cutting-edge Battery Innovation Centre (BIC) in Bengaluru.

The innovation centre will be able to create full battery pack design, manufacture, and testing packages all under one roof. According to the company, it will hire the best people from around the world, including 500 PhDs and engineers, who would be supported by an "additional 1,000 researchers in India and multiple other global centres".

Ola just presented its first Li-ion battery, announcing that it would start mass producing the cell from its Gigafactory by 2023. However, the company's senior-level resignations are still occurring. The company's Senior Director and Business Head for Charging Networks, Yashwant Kumar, made the decision to leave last month.

In March of last year, Kumar, a B.Tech. from the Indian Institute of Technology-Bombay, started working for Ola Electric. Ranjit Kondeshan, the HR Director at Ola Electric, made the decision to leave in June. In May, Nidhi Chaturvedi Jha left her position as regional head at Ola Electric to work for Amazon. Varun Dubey, the company's chief marketing officer, quit the organisation in April for "personal reasons."