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Ola's electric mobility unit gets Tiger, Matrix financial backing

Subsidiary Ola Electric Mobility raises Rs 292 cr from these early backers; firm likely to raise Rs 400 cr in total in this round

Ola
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Ola

Bibhu Ranjan Mishra Bengaluru
After testing the waters for the past two years, Ola Electric Mobility, a subsidiary of ANI Technologies that owns the home-grown cab-hailing firm Ola, is now preparing to move on to the next phase with the backing of marquee global investors.

The Bengaluru-headquartered firm has raised close to Rs 292 crore from global investment firms Tiger Global Management, Matrix Partners, and Sarin Family India LLC (family office of ex-Vodafone chief executive officer Arun Sarin), according to regulatory filing by the company sourced through the data and business intelligence platform Paper.vc.

The document said that the board of director of Ola

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First Published: Feb 28 2019 | 9:15 PM IST

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