Ola raises $300 million from Hyundai and Kia Motors

Homegrown ride-hailing startup Ola on Tuesday announced it has raised $300 million from Hyundai Motor Group's Hyundai Motor Company and Kia Motors in their biggest combined investment to date. The three companies will build India-specific electric vehicles and infrastructure. The investment is part of Ola's ongoing Series J round of funding, which is estimated at $1 billion.