Ola Electric Mobility Pvt Ltd (Ola Electric) today announced that Ratan Tata, chairman emeritus of Tata Sons, has invested in the company in a personal capacity as part of its Series A round of funding. Tata is also an early investor in ANI Technologies Pvt Ltd, Ola’s parent company. Ola did not specify the amount Tata invested but said it was a “significant endorsement of the company’s approach to developing an electric mobility ecosystem, including innovations in charging infrastructure, swapping models, and market-appropriate products”, and that it would bolster the company’s ambitions to make electric mobility viable at scale. Ola’s goal is to have a million electric vehicles in India by 2021. Ola Electric is currently running several pilots involving charging solutions, battery-swapping stations, and deploying vehicles across two, three and four-wheeler segments, the release stated. Ola Electric’s fundraising and…
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