Ola raises $300 million funds led by Hyundai Motor and Kia Motors to boost EV offering

Ola raises $300 million funds led by Hyundai Motor and Kia Motors to boost EV offering: The riding hail major Ola has announced for raising a fund of $300 million led by South Korean automobile major Hyundai Motor and Kia Motors, a major combined investment by the two firms of the South Korean Hyundai Motor Group, after rounds of investment talks. The strategic investment is part of the Ola firm’s ongoing Series J round of funding, which is estimated at $1 billion.

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