Ratan Tata Invests in Ola Electric Mobility Business | Current Affairs, Current Affairs 2019

Ratan Tata Invests in Ola Electric Mobility Business

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Ratan Tata, Chairman Emeritus of Tata Sons, has invested  Ola Electric Mobility an undisclosed amount as a part of its Series A round of funding, the company stated on Monday. Tata had earlier also invested in ANI Technologies Pvt Ltd, Ola’s parent company. This investment is in Mr. Tata’s personal capacity in the newly formed Electric Mobility Company.

Mr. Tata’s investment in Ola Electric Mobility Company will bring about a big development of electric mobility ecosystem, including transformation in charging infrastructure, exchanging models and market – appropriate products.

Mr. Tata, said, “The electric vehicle ecosystem is evolving dramatically every day, and I believe Ola Electric will play a key role in its growth and development. I have always admired the vision of Bhavish Aggarwal and I’m confident that this will be part of yet another important strategic move into this new business area.”

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