Headquartered in Bangalore, Ola, India’s top ride-hailing startup, which subsequently moved into manufacturing electric scooters, is expanding business again with the formation of Ola Electric Mobility Pvt. Ltd. The company will enter the electric-car market in competition with local giants such as the Tata Group, Mahindra Electric Mobility Ltd., and...
India’s Ola Electric Mobility Raises $56 Million
Bangalore, India -based Ola Electric Mobility Pvt. Ltd raised $56 million from existing investors New York City's Tiger Global Management and San Francisco's Matrix Partners' subsidiary in India. Ola Electric Mobility is a division of cab aggregator Ola which plans to launch 10,000 three-wheeled and other electric vehicles on Indian...