SoftBank-backed India’s Ola to invest $326 million in electric-scooter plant
December 14, 2020 NEW DELHI (Reuters) – Indian ride-hailing firm Ola, backed by Japan’s SoftBank Group, said on Monday it planned to invest 24 billion rupees ($326 million) to set up a factory in the southern state of Tamil Nadu to produce electric scooters. The plant will have an initial annual capacity to produce two …
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