New Delhi: Fluence Energy on Wednesday announced the opening of a new global technology centre in Bangalore. The Fluence India Technology Centre supports the execution of the company's global product strategy by growing engineering capabilities and scaling global talent along with strengthening Fluence's presence in the country, the company said in a statement.
The centre, which is the company's first technology centre based entirely in Asia, marks a significant milestone for Fluence.
This complements existing technology teams in North America and Europe. Together, the company's technology centre teams will support Fluence's regionally-focused operational model and create a strong foundation for new product introductions and regionalised product support.
"With the launch of this technology centre, we will enhance our product offerings, engineering capabilities, and further demonstrate our core competencies in battery- based energy storage products and software," Fluence SVP and Chief Product Officer Rebecca Boll said.
"This team will be key to the expansion of our Generation 6 product line, which is delivering a range of critical grid services to customers around the world, as well as the creation of next generation products," it said.
Fluence's flagship battery-based energy storage project in India was deployed in 2019 at a Tata Power (TPDDL) substation in Delhi. The 10 MW / 10 MWh project was developed by AES and Mitsubishi and is the largest energy storage system in South Asia.
Fluence Energy is a global market leader in energy storage products and services, and digital applications for renewables and storage.New Delhi: GAIL (India) Ltd, the nation's largest gas transmission and distribution firm, on Wednesday said it will invest in startups operating in focus areas and is now seeking investment proposals from startups. The investments will be done through GAIL's startup initiative 'Pankh'.
"GAIL has now opened a fresh round for solicitation of investment proposals from the startups operating in focus areas which mainly include natural gas, petrochemicals, energy, project management, logistics, electric mobility, bio manure marketing, nanomaterials, IoT and data mining, environment, health and social," the firm said in a statement.
Details of focus areas are available on the GAIL website.
"The startups interested in equity investment from GAIL can apply through the link 'GAIL Pankh' on the GAIL website. The current solicitation round will remain open till July 31, 2022," it added.As Bhavish Aggarwal focuses his energies towards Ola Electric, the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut cost and streamline operations amid the ongoing funding winter.
According to reliable sources, SoftBank-backed Ola has asked senior executives to find employees in their teams on performance basis who can be asked to go.
The company is reportedly looking at "leaner and consolidated teams" to keep its "strong profitability intact".
Ola, which has delayed its IPO plans, has also reportedly shopped its global investment plans to further expand overseas.
The company currently has nearly 1,100 employees in its core ride-hailing business and directly competes with Uber.
Last month, Ola shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business.
The company shut Ola Cars within one years of its launch, as it focuses on its electric two-wheeler and electric car verticals.
Ola has so far shut down Ola Cafe, food panda, Ola Foods, and now Ola Dash.
"Ola has reassessed its priorities and decided to shut down Ola Dash -- its quick commerce business. Ola will also be reorienting its Ola Cars business to focus more on strengthening the go-to-market strategy for Ola Electric," the company had said in a statement.
It added that Ola Cars' infra, technology and capabilities will be "repurposed towards growing Ola Electric's sales and service network".
Ola now aims to invest more towards its electric car, cell manufacturing, and financial services businesses.
Ola Electric, amid several high-profile exits, is also facing scrutiny over faulty batteries in its electric two-wheelers, among other EV players like Okinawa Autotech, Pure EV, Jitendra Electric Vehicles, and Boom Motors, by the government.
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