Hyundai and Kia invest $300 million in Ola, to make Electric Vehicles for Indian market

Hyundai and Kia invest $300 million in Ola, to make Electric Vehicles for Indian market The partnership to nurture micro-entrepreneurship opportunities by providing access to customized Hyundai and Kia vehicles as well as financing and insurance benefits for driver-partners.


Hyundai and Kia has invested $300 million in ride-hailing platform Ola to build Electric Vehicles for the Indian market. The companies will build unique fleet and jointly explore mobility solutions in global markets. Apart from developing EVs, the companies also aim to develop the charging infrastructure customised for India. The partnership to nurture micro-entrepreneurship opportunities by providing access to customized Hyundai and Kia vehicles as well as financing and insurance benefits for driver-partners.