Hyundai and Kia Invest $300 Million In India’s Largest Mobility Service Provider Ola


Khaitan & Co advised ANI Technologies Private Limited

Hyundai Motor Group (the Group) and Ola ? one of the world’s largest ride-hailing platforms ? signed a strategic partnership agreement under which Hyundai Motor Company (Hyundai) and Kia Motors Corporation (Kia) will make their biggest combined investment to date, as part the Group’s continued efforts to become a Smart Mobility Solutions Provider.

The agreement will see the three companies extensively collaborate on developing unique fleet and mobility solutions; building India-specific electric vehicles and infrastructure; as well as nurturing best in class opportunities and offerings for aspiring driver partners with customized vehicles, on the Ola platform. Hyundai and Kia will invest a total of USD 300 million in Ola.

Khaitan & Co advised ANI Technologies Private Limited with a team including Sharad Moudgal (Picure), Rishabh Bharadwaj, Kamlesh Rao and Kamna Kumar (M&A), Rahul Singh, Anisha Chand and Soham Banerjee (Antitrust).

Involved fees earner: Anisha Chand – Khaitan & Co.; Sharad Moudgal – Khaitan & Co.; Rahul Singh – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Hyundai Motor Company; Kia Motors Company;

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Author: Michael Patrini