With the shared mobility concept gaining traction in India and other markets, South Korean automobile manufacturer Hyundai Motor Group announced an investment of $300 mn in India’s biggest cab aggregator Ola Cabs, as part of a strategic partnership between the two companies. With this deal, both Hyundai and Kia Motor Company will work with the Bengaluru based start-up for developing customized electric vehicles and charging stations appropriate for ride hailing applications.