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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

• On May 10, 2025, Ola launched the S1 X electric scooter series with a 190km range, offering an 8-year battery warranty and plans to expand its service centers and charging stations across India.
• Ola introduced a feature allowing users to tip drivers for faster pickups, with 100% of the tip going to the driver.
• Ola is adjusting its business model to include subscriptions in response to the success of Namma Yatri, a new ride-hailing app that benefits drivers directly.
• Ola introduced a tipping feature to get faster bookings, with 100% of tips going to drivers.
• Ola is evolving from a mobility services company into a data and AI company by building its own large language models (LLMs) and leveraging its extensive ride-hailing network to optimize electric vehicle infrastructure and train AI models.

• Ola's shares have dropped about 35% since their August debut due to regulatory and compliance issues.
• Bhavish Aggarwal, CEO of Ola Electric, became one of India's youngest billionaires after the company's IPO, but the scooter company's share price has been affected by high-profile crashes and competition.
• Vanguard has slashed Ola's valuation to $1.25 billion, marking an 80% drop from its 2021 peak, despite the company turning EBITDA-profitable and exploring IPO prospects.
• Ola Electric's Talent Acquisition team participated in an advanced workshop on LinkedIn Recruiter's AI-powered features to enhance their hiring strategy.
• Ola's parent company, ANI Technologies, is in early talks with investment banks to explore a potential IPO for its ride-hailing business.

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