Ola Raises Fresh $300 Mn from Hyundai Motor Group
19 March 2019 1:12 AM GMT
Cab hailing firm Ola has raised $300 million in a corporate round of funding from South Korean automobile giant Hyundai Motor Group in a strategic deal under which the companies will also collaborate on building India-specific electric vehicles and infrastructure. The funding is part of ongoing Series-J round Both
- Data accumulated during service operation will allow the companies to make constant vehicle improvements to better meet local needs and specifications.
- Bhavish Aggarwal, Co-Founder and CEO of Ola said, “We’re very excited about our partnership with Hyundai, as Ola progresses to built innovative and cutting edge mobility solutions for a billion people.
- Together, we will bring to market a new generation of mobility solutions as we constantly expand our range of offerings for our consumers.
- “Hyundai will proactively respond to market changes and persistently innovate to deliver greater value to our customers,” he added.
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