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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 News & Insights as of Oct 11, 2024

• India's Heavy Industries Ministry ordered an audit of Ola Electric's service centers after 10,000 consumer complaints, causing Ola's shares to drop 40% and raising concerns about its eligibility for government incentives.
• Ola logged $361 million in sales for April-June 2024 and is seeking investor approval for an IPO.
• India's Central Consumer Protection Authority issued a show cause notice to Ola after receiving over 10,000 complaints about its customer service between September 2023 and August 2024, according to consumer affairs secretary Nidhi Khare.
• Ola has expanded into three subsidiaries: Krutrim (AI), Ola Electric (electric vehicles), and Ola Cabs.
• The Central Consumer Protection Authority issued a show cause notice to Ola Electric for alleged consumer rights violations, with 10,644 complaints registered against its e-scooters over the past year.

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