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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 partners with Lenovo to build India's largest supercomputer, Krutrim 3, with 700 billion parameters, following Bhavish Aggarwal's Rs 2,000 crore investment in AI.
• Ola Electric faced raids and seizures as over 95% of its 3,400 showrooms lacked the necessary trade certificates under India's Motor Vehicles Act.
• Ola received a government notice for delays in establishing a 20 GW battery manufacturing facility in Tamil Nadu under the PLI scheme.
• Ola Electric's battery unit received a notice from IFCI for not meeting the PLI Advanced Chemistry Cell scheme targets.
• Ola CEO Bhavish Aggarwal met with Union Minister Ashwini Vaishnaw to discuss India's AI technology roadmap and the progress of Ola's AI platform Krutrim.

• Ola is facing significant challenges across its diverse business sectors, including ride-sharing, electric vehicles, and financial services, as it struggles with setbacks in 2023.
• Bhavish Aggarwal announced Gen 3 changes at Ola Electric's Roadster launch, which could pose substantial risks to the product and its buyers.
• Bhavish Aggarwal, founder of Ola, has mandated all employees to submit weekly accomplishment reports, mirroring a recent directive by Elon Musk.

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