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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

• Under Maharashtra's Aggregator Cabs Policy 2025, Ola must compensate customers if drivers cancel rides.
• SEBI is investigating Ola Electric for alleged insider trading between October and December 2024, as well as related-party transactions and a sales mismatch in February.
• On May 2, 2025, Ola Electric Mobility Limited clarified that insider trading allegations were false, explaining that the transactions involved employee ESOPs and not open market trades.
• On May 1, 2025, the Maharashtra government introduced the Aggregator Cabs Policy 2025, requiring Ola to compensate customers if drivers cancel rides.
• ICRA downgraded Ola Electric Technologies' credit rating due to a sharp drop in sales and widening losses, with vehicle registrations nearly halving in April 2025.

• Ola Electric has delayed the delivery of its Roadster X motorcycle for the second time in two months, amid scrutiny over its sales figures.
• A customer reported being overcharged by Ola for an auto ride from Pappanaickenpalayam to BKR Road, paying Rs 455 instead of the actual cost of Rs 70.

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