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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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.
AI Gen
Ola's Bhavish Aggarwal Praises Women's Disciplined and Dexterous Nature
Nucleus_AI | July 1, 2024
In a recent interview, Ola founder Bhavish Aggarwal emphasized the importance of gender equality and highlighted the disciplined
Technology
Ola migrates entire workload out of Microsoft Azure to Krutrim cloud
Ishan Patra | May 22, 2024
The move was influenced by the removal of Bhavish Aggarwal’s LinkedIn post from May 11 that stated India doesn’t need ‘they/them’ or special pronouns.
News
Ola Cabs CFO Kartik Gupta steps down in pre-IPO restructuring
Aparajita Saxena | May 16, 2024
Kartik Gupta joined Ola Cabs seven months ago after a 17-year-long stint with Procter and Gamble.
News
Ola's Bhavish Aggarwal snaps ties with Microsoft Azure, to move to Krutrim Cloud
Aparajita Saxena | May 11, 2024
In a post on X, Aggarwal has said that Ola will move its entire workload out of LinkedIn-owner Microsoft's Azure, following LinkedIn's removal of his post on special pronouns. This announcement comes mere days after the launch of Krutrim Cloud.
DevSparks
Ola's Bhavish Aggarwal joins issue with OpenAI's Sam Altman; says AI costs can be brought down
Thimmaya Poojary | May 4, 2024
Bhavish Aggarwal, Founder of Ola, aims to be a strong competitor to OpenAI’s ChatGPT with Krutrim.