Ola was founded in December 2010 by Bhavish Aggarwal and Ankit Bhati with a mission to build mobility for a billion people. 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. Apart from the ride-hailing business Ola Cabs, the holding company ANI Technologies also operates four subsidiaries: Ola Fleet, Ola Financial Services, Ola Foods and Ola Cars. As of September 2019, it also owns a 6% stake in the electric scooter manufacturing company Ola Electric. The company in 2021 also launched its new and pre-owned car marketplace called Ola Cars in 30 cities. Apart from this, Ola Electric's much-anticipated electric scooter, S1, was also finally launched on August 15, coinciding with India's Independence Day, a larger message that its founder Bhavish Aggarwal wants to drive home on building in India for the world. The ride hailing world has always been criticized for overcharging and lack of transparency. The fact that the same ride can cost different amounts depending on the time, day and the profiles, history and rating of the driver as well as passenger has also incurred much customer wrath. Meanwhile, the company Ola also plans to go public in the first half of 2022, Chief Executive Officer Bhavish Aggarwal had said on December 2. More
The government has been the force behind EV adoption with schemes like FAME and PLI, which should be continued for the next few years, a report by Redseer Strategy Consultants has said
A Bengaluru businessman sued Ola after discovering the AC in his cab did not work.
The laid-off employees are from Ola Cabs, Ola Electric, and Ola Financial Services verticals
Twitter user Richa Singh used the example of Infosys co-founder Narayana Murthy and Ola’s Bhavish Aggarwal to illustrate her point about startup founders who owe their success, in large part, to their spouses.
While the Karnataka High Court fixed a temporary rate of 10 percent over and above the ride cost, after several meetings with various stakeholders the Karnataka transport department proposed it to be set at 5 percent
In 2022 Ola Electric scaled up its premium scooter, the Ola S1, and completed the electrification of the premium scooter market (priced at more than Rs 1,00,000) in 1 year.
The report rated 12 platforms on fair pay, fair conditions, fair contracts, fair management, and fair representation.
The most popular product in terms of the number of trips was Uber Go, with Uber Auto coming in a very close second - showing the growing preference for App commute, for vehicles typically hailed off the roads earlier.
Multiple auto drivers said that they have quit Ola, Uber and Rapido and are looking for alternatives.
IndiaTech.org which represents start-ups like MakeMyTrip, Nykaa, Ola, Policybazaar, Dream11, BharatMatrimony has sent a two separate submissions of direct and indirect taxes recommendations on December 8
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The industry body said that the 10% commission cap is affecting businesses and suggested the government hold periodic bi-annual meetings with app-based aggregators like Ola, Uber, and Rapido.
The Karnataka government on November 25 directed the regional transport authorities to charge five per cent convenience fee and GST from the ride hailing companies on each autorickshaw ride by the passengers.
Earlier, the government had agreed to the Karnataka High Court’s temporary orders to cap the commission charged by the aggregator at 10 percent.
The EV maker is in the final stages of getting an approval from the state govenrment to set up another new plant with a total capacity of around one million electric vehicles per annum by the end of FY23.
Congratulating, Ola CEO Bhavish Aggarwal and his team, Paytm founder Vijay Shekhar Sharma said he was certain that they would make India proud.
There’s a large opportunity in this space to build from India for the world, says the co-founder of venture capital major Accel India and Board member at ACT.
The newly appointed transport commissioner SN Siddaramappa’s words came as a response to Bengaluru residents' and auto drivers' request to the government to develop a state-run app and decide on the fares
In the public notice, Ola said that the company restricts any third party from any kind of usage of, modification, or transfer of the Ola Play devices more particularly during the ride-hailing services.
The company announced its plan to enter the key European markets in Q1 2023, as a part of the International expansion strategy. With this announcement, Ola Electric has taken the first step towards leading Europe’s journey to become the first automotive emission-free continent by 2050, said the company in a press release.
This comes as an extension time given by the Karnataka High Court, which had previously given 15 days' time to the state government, regulators, and cab aggregators to work out a fair pricing mechanism.
Earlier the company had said it has the current capacity of 20 lakh units per annum at its factory and it would be exhausted in the next six to eight months.
The brand’s chief business officer talks about expanding the portfolio, competing with stakeholder Hero and how Ather is going about streamlining supply chain issues
Since removing the doorstep compensation on Uber, cancellations have increased by over 50 percent in the city, as availability reduces and drivers turn down trips that are not economically viable for them
The Karnataka High Court had given 15 days time to the state government, regulators, and cab aggregators to work out a fair pricing mechanism. The next hearing was adjourned to November 7