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Ashok Saraswat, head of Ola Electric’s battery unit, resigns

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There is no stopping senior executives fired at Ola Electric and now, the head of advanced battery engineering, Ashok Saraswatihas gone further.



Saraswat, who has joined SoftBank ola last year, is set to join a company entering the battery sector, The Economic Times reported, citing sources.

When Ola Electric contacted him, he did not comment on the development.

More than half a dozen senior executives have left Ola Electric in recent months, as the Bhavish Aggarwal-run EV maker unveiled plans to develop indigenous cells and batteries in the country.

Last month, Ola Electric announced to invest $500 million to set up its state-of-the-art Battery Innovation Center (BIC) in Bengaluru.

The innovation center will be able to develop complete packages of battery pack design, manufacturing and testing under one roof.

The company had said it will recruit top talent worldwide, including 500 PhDs and engineers who will be supported by “an additional 1,000 researchers in India and multiple other global centers”.

Ola recently unveiled its first Li-ion cell and says it will begin mass production of its cell from its forthcoming Gigafactory by 2023.

However, the top-level layoff at the company continues.

Yashwant Kumar, Senior Director and Business Head for Charging Networks at the company, decided last month to move forward.

Kumar, a B.Tech from the Indian Institute of Technology-Bombay, joined Ola Electric in March last year.

In June, Ranjit Kondeshan, HR Director of Ola Electric, decided to move forward. Nidhi Chaturvedi Jha resigned from Ola Electric as regional head in May and joined Amazon. In April, chief marketing officer Varun Dubey left the company due to “personal reasons”.

Earlier, Dinesh Radhakrishnan, who was the chief technology officer (CTO) at Ola Electric, left the company. According to his LinkedIn profile, he was named CTO at Ola Electric in May last year.

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