Ratan Tata invests in Ola Electric Mobility as part of Series A funding

Ola Electric Mobility on Monday announced that Ratan Tata, chairman emeritus of Tata Sons, in his personal capacity, has invested an undisclosed amount in the company as part of its Series A round of funding. Ratan Tata is also an early investor in ANI Technologies, Ola’s parent company.

Ola Electric said it is currently running several pilots involving charging solutions, battery swapping stations and deploying vehicles across two-, three- and four-wheeler segments. “The electric vehicle ecosystem is evolving dramatically every day, and I believe Ola Electric will play a key role in its growth and development,” said Ratan Tata.