Hyundai Motor Group and Ola – one of the world’s largest ride-hailing platforms – have announced a strategic partnership under which Hyundai and Kia will invest a total of USD 300 million in Ola.
The three companies will collaborate on developing unique fleet and mobility solutions, building India-specific electric vehicles and infrastructure, as well as nurturing best in class opportunities and offerings for aspiring driver partners with customised vehicles, on the Ola platform.
As part of the strategic collaboration, the companies have agreed to co-create solutions to operate and manage fleet vehicles, marking the Group’s first foray into the industry, as they expand operations from automobile manufacturing and sales to total fleet solutions.
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