Khaitan & Co advised Ola Electric Mobility Private Limited on the deal
Ola Electric Mobility Pvt Ltd secured a Mr. Ratan Tata, Chairman Emeritus of Tata Sons, investment in the company as part of its Series A round of funding. Mr. Tata is also an early investor in ANI Technologies Pvt Ltd, Ola’s parent company.
Mr. Tata’s investment in Ola Electric is 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.
Ola Electric Mobility Pvt Ltd raised a sum of INR 400 crores led by several of Ola’s early investors, Tiger Global and Matrix India and others, as part of its first round of investment. The company was initially established to enable Ola’s electric mobility pilot program in Nagpur. In 2018, Ola subsequently announced ‘Mission: Electric’ to bring 1 million Electric Vehicles on Indian roads by 2021.
Khaitan & Co advised Ola Electric Mobility Private Limited with a team including Sharad Moudgal (Picture), Rishabh Bharadwaj and Anurag Singh.
Involved fees earner: Sharad Moudgal – Khaitan & Co.;
Law Firms: Khaitan & Co.;
Clients: Ola Electric Mobility Private Limited ;