Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Hyundai, Kia Motors to acquire minority stake in Ola Electric
short by Kanishka Pandey / on Tuesday, 17 September, 2019
Hyundai and Kia Motors are finalising an agreement to acquire a minority stake in Ola Electric Mobility, regulatory filings revealed. This comes around six months after the two entities concluded a $300-million investment into the ride-hailing giant's electric mobility business arm. Ola Electric Mobility had reportedly turned into a unicorn after a $250-million investment by SoftBank in July.
read more at Entrackr