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According to foreign media reports, Hyundai, together with Kia, has invested $300m (about 2 billion yuan) in Indian ride-hailing platform Ola. According to related sources, the deal values Ola at about $6 billion. Under the agreement, Hyundai, Kia and Ola will work together to develop fleet and mobile solutions and build India's unique electric vehicles and infrastructure. The purpose of its investment is to catch up in the global competition for investment in new mobile travel. This is also another big investment made by modern Kia Union in the field of travel.

It is understood that in January last year, Hyundai injected US $25 million into Southeast Asia's shared ride platform Grab, while in November last year, Hyundai, together with Kia, invested another US $250 million in Grab, with a total investment of US $275 million. Its investment will be used to promote the adoption of electric vehicles (EV) in Southeast Asia, improve electric vehicle infrastructure, and launch a series of electric vehicle pilot projects in 2019. These electric cars will be used by Grab drivers.

The investment in Ola marks Hyundai's foray into mobile travel, and it is reported that Softbank Corp. Group and Tencent Holdings are also on the list of other investors in Ola.

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