
2019-05-11T07:07:38
Ola Electric Mobility the Electric Vehicle wing of the Cab Aggregator raised a fresh round of funding in March – May 2019. Amongst the investors Mr. Ratan Tata Chairman of Tata Sons invested an undisclosed amount in his personal capacity. Tiger Global and Matrix India invested about Rs. 400 crores in the company in March 2019. Ola Electric Mobility plans to have One million Electric Vehicles on Indian roads by 2021. Ola claims that it has 200 Electric Vehicles already on the roads in India and together they have clocked 40 lakh kilometers. Thus, implying that they are convinced that EV’s are the way forward for mobility. Electric Mobility and Electric Vehicle Charging infrastructure go hand in hand. So, it is expected that OLA will be investing part of the investments in DC Electric Vehicle Fast Charging Stations.
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