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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

• Starting May 1, Ola and other app-based cab services in Pune, Pimpri Chinchwad, and Baramati will charge fares based on government-approved rates.
• Ola's electric vehicle arm has lost nearly 70% of its value since its 2024 IPO, facing declining sales, regulatory scrutiny, and supplier issues.
• From May 1, 2025, Ola will charge passengers based on official meter readings with fares set at Rs. 21 per km after a 16% discount on the RTO rate.
• Ola is hosting a drivers meetup with Uber at Jaipur House Agra on April 17, 2025.
• A Bengaluru woman reported harassment by an Ola driver who smoked inside the vehicle and ignored her objections.

• Srikanth Vidapanakal, former director of AI at Ola Electric, announced he is founding a new robotics startup called xSpecies AI, focusing on developing AI software and hardware for general-purpose robots.

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