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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

• Suvonil Chatterjee resigned as Chief Technology and Product Officer of Ola Electric on November 30, 2024, creating a leadership gap amid declining sales and expansion challenges.
• Ola Electric's Chief Technology Officer Suvonil Chatterjee and Chief Marketing Officer Anshul Khandelwal have resigned amid ongoing negative publicity about the company's scooter after-sales performance.
• Ola plans to expand its Ola Dash app nationwide after securing a 10% market share in Bengaluru.
• Ola Electric launched the new Ola Sona and is offering a scratch and win contest at their stores.
• Ola is currently hiring for the position of Associate Director - Credit Risk in India.

• Suvonil Chatterjee and Anshul Khandelwal resigned from Ola Electric, adding to a series of senior-level exits across the Ola group amid declining market performance.
• Ola inaugurated an Electric Bike Showroom at Lahladpur Block's Janata Bazar on December 25.
• A customer reported on December 29 that their Ola scooter broke down after one month and remains unfixed despite multiple complaints and visits to the service center.
• A survey by LocalCircles found that Ola uses deceptive practices like forced action, bait & switch, and drip pricing.
• Ola is strengthening its position in the global ridesharing market by offering affordable pricing, a user-friendly app, and enhanced safety features like real-time tracking and driver background checks.

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