Ratan Tata invests in Ola Electric

Ratan Tata has invested in Ola Electric Mobility as part of the Series A funding. However, the company has not disclosed the exact investment figure.

Ola Electric has raised Rs. 400 crore from Tiger Global, Matrix India and others. The company is running several pilot programs in country, which include charging solutions, battery swapping stations as well as deploying e-bikes, electric 3-wheelers and cars.

In 2018, Ola had announced its 'Mission: Electric' plan that aims to bring 1 million electric vehicles on Indian roads by 2021.

Ratan Tata has also invested in Ola's parent company - ANI Technologies Pvt. Ltd.