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Hyundai Motors could invest about $300 million in Ola

South Korean automaker Hyundai Motors Company is in advanced stages discussion to invest $250-300 million in homegrown cab-aggregator Ola. Hyundai Motors will reportedly acquire a 4% stake in Ola. The funding will value Ola at $6 billion, its highest ever. This will be Hyundai’s second investment in Indian start-up ecosystem after it led a Rs 100 crore funding in car rental start-up Revv in August last year. Hyundai had also invested $250 million in Singaporean ride-hailing company Grab in November last year. 

Read More at The Economic Times News date : 8 Mar 2019, Friday

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