Ola
Founded in 2010 by Bhavish Aggarwal and Ankit Bhati, Ola is a ride-hailing and mobility service company. Headquartered in Bengaluru, it serves over 250 cities across India, Australia, New Zealand, and the UK.
It ventured into its first overseas market in Australia in January 2018, followed by New Zealand in September, and then the UK in 2019.
The Ola mobile application allows users to sign up using their mobile numbers, set up their accounts and access all its features, which include, booking rides, buying their electric vehicle products, and insurance.
In 2019, the company launched Ola Bike, which offers bike taxi services for short-distance travelling. And in 2020, it launched Ola Fleet which caters to corporate travel and employee transportation.
The company has raised $5 billion in funding across 29 rounds. Its investors include SoftBank, Steadview Capital, and Temasek Holdings, among others.
In 2017, Aggarwal launched Ola Electric, which unveiled its first electric scooter Ola S1 in August 2021, soon after the announcement of its construction of the world's largest electric scooter manufacturing plant in Tamil Nadu, India.
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Funding
Ex-Koo Co-founder's new venture Billion Hearts raises $250K in angel funding
Abha Warrier | September 18, 2024
The investors include founders of redBus, Ola, Myntra, InMobi, MoEngage, Jaypore, Udhyam and Healthi.
AI Gen
Krutrim AI Cloud Free for All Until Diwali 2025! Don't Miss Out
Nucleus_AI | August 16, 2024
Krutrim, the artificial intelligence division of Ola, has announced that its AI cloud services will be available for free until Diwali.
News
Ola launches loyalty programme, reintroduces share cabs to boost cabs business
Team YS | August 15, 2024
Ola Cabs has launched a loyalty programme called Ola Coin, besides reintroducing share cabs on its platform, as the company looks to reinvigorate its cabs business amid rising competition. Meanwhile, Ola Cabs, which stands at #3 in the market, behind Uber and Rapido, has been rebranded as Ola Cons
In Depth
Can Ola Maps plot its way to success on Google's turf?
Bhuvana Kamath | August 6, 2024
Last month, Ola took a new turn with the launch of Ola Maps, spurring a price war of sorts. Short-term impact apart, can the company make a big dent in the navigation tech space and challenge Google’s dominance in the long run?
News
MapMyIndia alleges Ola of data theft, issues legal notice
Bhuvana Kamath | July 29, 2024
Earlier this month, Ola CEO Bhavish Aggarwal announced that the company has fully transitioned away from Google Maps for its cab operations.n
Electric Vehicle
IPO-bound Ola Electric cancels electric car project: Report
Sai Keerthi | July 26, 2024
The SoftBank-backed company is planning to focus on its e-scooter business as it prepares for an initial public offering this year.
News
Bhavish Aggarwal responds to Google, launches free Ola Maps APIs for developers, startups
Bhuvana Kamath | July 18, 2024
Ola's Krutrim AI has announced a special offer of three years of free access to Ola Maps service for all startups and SMBs building on the ONDC platform.
News
AI, new energy can transform India into $50-trillion economy by 2047: Ola's Bhavish Aggarwal
Bhuvana Kamath | July 17, 2024
In a recent blog post, Aggarwal has outlined a roadmap for India to achieve leadership in technological innovation and drive economic growth.