The former president of Hyundai India joins the board of Ola Electric
BENGALURU B V R Subbu , former president of Hyundai Motor India, has joined the board of Wave Electric - the arm of the electronic vehicle of the greater cabin. Subbu, before joining Wave The Electric board had joined the board of Ampere Vehicles, the electric mobility arm of Greaves Cotton, in September. Subbu it is also a Tata veteran of the group, having spent about 18 years in Tata Motors .
According to Wave Electric , Subbu runs a boutique consulting firm advising global private equity funds. “ Subbu has played a key role in building and establishing some of India’s iconic automotive products like Hyundai Santro and Tata 2213. His deep understanding of the mobility space and consumers will be very valuable to us in our journey to build electric mobility for India and the world,” said Wave co-founder and CEO Bhavish Aggarwal . Wave Electric also counts Arun Sarin, former CEO of Vodafone group, as its independent director.
Wave Electric ’s valuation had touched $1 billion in July after a $250-million (Rs 1,801-crore) financing from SoftBank. Tiger Global and Matrix Partners are also its existing investors.