CCI Gives Green Signal to Hyundai and Kia’s Investment in Ola

The Competition Commission of India (CCI) has brushed aside monopolistic concerns to give an official nod to Hyundai and Kia’s investment in Ola and Ola electric. Following the regulatory approval, both (Ola as well as Ola Electric) has jointly received Rs 2,244 crore from South Korean auto giants. As per the regulatory filings with MCA,…

ByGirish ShettiDecember 4, 20190Comments

Funding News

Ola Electric Mobility all set to Secure Fresh Funding from Hyundai and Kia

Ola Electric Mobility (OEM), the division of home grown ride-hailing major Ola, is all set to raise fresh funds from South Korean auto behemoths Hyundai and Kia, a report in Times of India (TOI) claimed. TOI cited the latest filings with antitrust watchdog Competition Commission of India (CCI). Ola's Co-founder Bhavish Aggarwal...Image Source: Ola's official website…

ByGirish ShettiSeptember 16, 20190Comments

Funding News

Hyundai and Kia Motors Jointly Invest $300 Mn in Ola

In the latest funding boost, Ola has got $300 Mn funding from Hyundai Motors and Kia Motors. This is the largest combined investment by South Korean auto giants till date. This investment is based on the agreement that all three companies will collaborate together to develop unique fleet and mobility solutions; developing India-specific electric vehicles…

ByGirish ShettiMarch 19, 20190Comments

Funding News

Ola may get $300 Mn Funding Lift from Hyundai

Ride hailing major Ola, which is currently on a fundraising spree, may soon get end up getting a funding lift from Hyundai. Reports are abuzz that the South Korean based auto giant is in advanced discussion with Ola to invest nearly $250-300 million in the company. The investment will give Hyundai a 4% stake in…

ByGirish ShettiMarch 8, 20190Comments

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