Hyundai, Kia Signed Agreement To Invest $300 million in Ola

Hyundai Motor Group (the Group) and Ola announced a strategic partnership under which Hyundai Motor Company and Kia Motors Corporation will invest a total of $ 300 million in Ola, making it their biggest combined investment to date.

The agreement will see the three companies collaborate on developing fleet and mobility solutions, building India-specific electric vehicles and infrastructure, as well as nurturing opportunities and offerings for aspiring driver partners with customized vehicles on the Ola platform.

Source- The Hindu Business Line

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