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Brought to you by RivalSense - an AI tool for monitoring any company.

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 Electric plans legal action against Rosmerta Digital Services over an insolvency plea while restructuring contracts and targeting Ebitda profitability next quarter.
• Ola has started sign-ups for the MoveOS 5 Beta, featuring DIY mode, Smart Park, and a smartwatch app for electric scooters.
• Ola is rapidly building its gigafactory to enhance its electric vehicle production capabilities.
• Ola Electric, backed by SoftBank, is saving about $10.3 million monthly from a cost-cutting program started in November, despite reporting a wider quarterly loss.
• Ola Electric is offering discounts up to ₹26,750 on S1 scooters until March 17, with additional benefits like a one-year MoveOS+ subscription and 40% off accessories.

• Ola has experienced a predominantly negative sentiment over the last 30 days, with 69 negative mentions compared to 14 positive ones, and a presence score of 18/100.

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