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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 Electric Mobility is releasing its Q2 2024 financial results on November 8, 2024, alongside other major Indian companies.
• Ola Electric is struggling with heavy losses and a drop in EV registrations due to customer complaints, and analysts predict profitability only by FY27.
• Vanguard has reduced Ola's valuation to US$2 billion.
• Ola drivers in Bengaluru are allegedly involved in a scam where they overcharge passengers by taking longer routes, particularly targeting women traveling to the airport.

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