In February of this year, preceding the March $300m buy-in from Hyundai and Kia, Ola subsidiary Ola Electric Mobility raised $14m from investors including Matrix Partners India, Tiger Global; and Sarin Family India, according to reports.

Khaitan & Co advised Ola Electric Mobility Private Limited led by a team of partner Arun Scaria, partner Sharad Moudgal, principal associate Rishabh Bharadwaj, associate Christopher Rao and associate Anurag Singh, associate Kamlesh Rao and associate Chirag Narasimiah.

Update 27 March 2019: Rajaram Legal advised Matrix Partners India led by a team including partner Prasad Subramanyan and senior associate Aakanksha Pagnis.

Update 30 May 2019: AZB & Partners advised Arun Sarin and Sarin Family India LLC led by a team of partners Anil Kasturi, Jaishree Tolani, Siddharth Khanna, and associate Prerana Malhotra.

2019-02-20

Deal value: USD 14 million

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