Ola Electric Mobility, the e-vehicle solutions business of ride-hailing major Ola, has raised Rs.400 crore in fresh funding from Matrix Partners India and Tiger Global, among other investors. This was the first independent round of investment raised by Ola Electric. Incorporated in February 2017 to pilot the use of electric vehicles in its on-demand transportation fleet in Nagpur, the predominant role of Ola Electric was to facilitate the creation of infrastructure for shared electric mobility.