Hyundai and Kia Motor invest $300 million in cab-hailing startup Ola - The Indian Wire
21 March 2019 9:13 AM GMT
Hyundai in a joint venture with Korean Kia Motors will be infusing $300 million in ride hailing startup Ola for its electric cars segment.
- Automobile company Hyundai will be infusing $300 million in ride
- Interestingly this announcement comes just days after media reports of Hyundai seeking to own 4% stakes in Bhavish Aggarwal Ola.
- India is the centrepiece of Hyundai Motor Group’s strategy to gain leadership in the global mobility market and our partnership with Ola will certainly accelerate our efforts to transform into a Smart Mobility Solution Provider.
- The post Hyundai and Kia Motor invest $300 million in cab-hailing startup
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