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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

• Ola reported a net loss of Rs 564 crore for Q3 FY25, with revenue dropping 19% to Rs 1,045 crore compared to the same period last year.
• Ola launched the Roadster X with prices starting at ₹74,999, offering three battery variants with ranges up to 200 km and top speeds up to 124 kmph.
• Ola Electric, led by Bhavish Aggarwal, will announce its Q3 financial results on February 7, 2025, amid the launch of its new Gen 3 scooters.
• Ola Electric CEO Bhavish Aggarwal stated that the company needs to sell 50,000 EVs monthly to be profitable, having sold 25,000 units in January to reclaim market leadership.
• Residents in Bangalore are frustrated with traffic and the unavailability of Ola and Uber taxis for extended periods.

• Prapti Jain, AI Products at Ola Krutrim, led a workshop on AI-driven innovation in UX research at the AI + Product Mixer 3.0 hosted by Perfios.

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