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Ratan Tata invests in Ola’s electric mobility business

Ola’s electric mobility plan gets a firm push from Ratan Tata while Peel-Works and Nazara are looking to expand their game.
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Ratan Tata invests in Ola’s electric mobility business

BENGALURU: Ratan Tata, chairman emeritus of Tata Sons, and an early backer of Ola. They have invested an undisclosed amount in the ridehailing platform’s electric mobility business as part of its Series-A round, the company said in a statement on Monday.

The electric vehicle ecosystem is evolving dramatically every day . I believe Ola Electric will play a key role in its growth and development Tata said in a statement

Headed by Anand Shah. A former BMW executive Ankit Jain who led Ola’s connected vehicle platform. Ola Electric is running several pilots to deploy vehicles and install charging solutions including battery-swapping stations. 

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Ola has been actively pushing with the government initiatives pertaining to alternate technologies for EV. It plans to double down its focus on manufacturing and launching two- and three-wheeler electric vehicles for commercial use. Globally, governments across China, US, Denmark are incentivise ownership of electric vehicles. 

Source: ET

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