Mukesh Ambani goes back to the future with his latest investment in a pod taxi tech company ...Middle East

Quartz - Economy
Mukesh Ambani goes back to the future with his latest investment in a pod taxi tech company
source : Quartz ( Middle East ) () 17
Mukesh Ambani has yet again displayed his seriousness towards technology but experts believe it might be too soon to call his oil-to-telecom conglomerate “tech-first.”On Feb. 28, Ambani’s Reliance Industries (RIL) said it had bought an additional stake in skyTran, a US-based company that has developed a technology for running pod taxis, for $26.76 million (Rs196 crore). RIL had first picked up a 12.7% stake in skyTran in 2018 and bought some additional shares of the company in 2019 and 2020. With the recent deal, RIL’s stake in skyTrans stands at 54.5%. All these investments have been done through RIL’s subsidiary Reliance Strategic Business Ventures.This interest in skyTran is in line with

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