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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Ola

🌎 olacabs.com

Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the UK. The Ola app offers mobility solutions by connecting customers to drivers and a wide range of vehicles across bikes, auto-rickshaws, metered taxis, and cabs, enabling convenience and transparency for consumers and driver-partners. Ola also has additional services like Ola Electric, Ola Fleet Technologies, Ola Skilling, Ola Financial Services, and a food business.

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Ola - Latest News and Updates

• The Maharashtra government issued a notice to Ola Electric Mobility Ltd for operating several showrooms and service centers without necessary trade certificates, accusing them of illegal vehicle sales.
• Ola Electric launched 'HyperDelivery' in Bengaluru, allowing customers to ride out on an electric scooter within 1 hour from an Ola Experience Centre, with plans to expand to more cities this quarter.
• The Karnataka government will collect a 5% cess from Ola and other companies to support gig workers.
• Ola CEO Bhavish Aggarwal announced that the Krutrim AI assistant version two, featuring 'DeepSearch', will be released in April.
• Ola Electric has launched 'HyperDelivery' for same-day vehicle registration and delivery by using AI to automate and bring the registration process in-house.

• The Indian government is investigating Ola for allegedly charging different fares on Android and iOS devices, with notices issued by the Central Consumer Protection Authority on January 10, 2025.
• The Karnataka High Court has banned Ola's bike taxi services until the state government frames rules under Section 93 of the Motor Vehicles Act, 1988.
• The government is investigating Ola for allegedly charging different fares based on a phone's operating system.
• Ola Cabs CEO Bhavish Aggarwal agreed with Union Minister Piyush Goyal on the need for innovation in areas like rockets, AI drugs, and new materials.
• Ola Cabs founder and CEO Bhavish Aggarwal made the Forbes billionaires' list after taking Ola Electric public last August.

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