Ola gets backed by Hyundai, Kia Motors

Ola, Indian ride-hailing company, has raised $300 million in Series J round from Hyundai Motor Co. and Kia Motors Corp which is considered to be their biggest combined investment to date. They also invested around $250 million in ride-hailing giant Grab last November. Ola expects the investment round to raise $1 billion to battle their rival Uber.

Elvis Gomes

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