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Ola Electric

Ola Electric receives $1 Mn from Munjal family trust

Ola Electric

Ola Electric Mobility has received $1 million from the family trust of Pawan Munjal, Chairman of Hero MotoCorp. According to the regulatory filings, he has been allotted with 18 preference shares for Rs 39,87,618 for the latest investment.

In December last year, Hyundai and Kia also invested Rs 2,244 crore in Ola and Ola Electric after receiving the nod from CCI. Besides, Hero MotoCorp had also announced that it would spend Rs 10,000 crore on alternative mobility solutions. (Source-MCA)

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