Ratan Tata invests in Ola Electric Mobility

Tata Sons' chairman-emeritus Ratan Tata had made and investment in Ola Electric Mobility Pvt Ltd as part of its Series A round of funding.

Tata is also an early investor in ANI Technologies Pvt Ltd, Ola’s parent company.

Neither Ola Electric nor Tata Sons has specified the investment amount.

Tata has been a driving force in the automotive industry, with a hands-on contribution to the innovation, growth, and international reach of Tata Motors. His investment in Ola Electric will bring his deep experience and mentorship to the company’s ambitions to make electric mobility viable at scale.

Ola Electric is currently running several pilots involving charging solutions, battery swapping stations, and deploying vehicles across two, three and four-wheeler segments.

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

Bhavish Aggarwal, co-founder & CEO, Ola said, " Tata has been an inspiration and a mentor to me personally in shaping Ola’s journey over the years. I’m very excited to welcome him on board Ola Electric as an investor and a mentor in our mission of building sustainable mobility for everyone on our planet. He is a visionary who has inspired a generation of entrepreneurs and we are privileged to have his guidance and support once again, as we work towards our goal of a million electric vehicles in India by 2021.”