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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

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  • A potential Uber-Ola merger would first have to address the viability of their business  Aug 05, 2022 10:15 AM IST

    A potential Uber-Ola merger would first have to address the viability of their business 

    Reports say an industry disruptor and its India clone may be headed for a merger as a panacea for their financial woes. If they do go ahead with the plan it would need to turn the conventional wisdom of two donkeys not being equal to a horse on its head

  • 'Absolute rubbish': Ola CEO Bhavish Aggarwal denies report of merger talks with Uber Jul 29, 2022 10:41 PM IST

    'Absolute rubbish': Ola CEO Bhavish Aggarwal denies report of merger talks with Uber

    Denying the report that claimed that Aggarwal met Uber executives in San Francisco recently to discuss a merger, he said: “We’re very profitable and growing well..."

  • Ola Electric halts scooter production at Tamil Nadu plant citing annual maintenance: Report Jul 29, 2022 05:52 PM IST

    Ola Electric halts scooter production at Tamil Nadu plant citing annual maintenance: Report

    Ola Electric had slipped to the fourth position in terms of electric vehicle registrations in June, just months after reaching the top position, as per the government's Vahan dashboard.

  • Ola’s Bhavish Aggarwal found the perfect meme in Ranveer Singh’s nude shoot Jul 23, 2022 11:44 AM IST

    Ola’s Bhavish Aggarwal found the perfect meme in Ranveer Singh’s nude shoot

    The internet exploded with memes after Ranveer Singh stripped down to his birthday suit for a photo shoot, and Ola's Bhavish Aggarwal joined the fun.

  • Goa govt firm on starting app-based cab services: Minister Jul 20, 2022 10:52 AM IST

    Goa govt firm on starting app-based cab services: Minister

    The private taxi operators have been opposing the app-based cab services, claiming it will destabilise their business. Godinho said the taxi operators were opposing the government’s decision every time (it plans to introduce the app-based service).

  • Moneycontrol Selects: Top stories this evening Jul 18, 2022 06:45 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game.

  • Ola to invest USD 500 million to set up battery innovation centre in Bengaluru Jul 18, 2022 05:47 PM IST

    Ola to invest USD 500 million to set up battery innovation centre in Bengaluru

    BIC will be one of the world’s largest and most advanced cell R&D facilities with more than 165 "unique and cutting-edge" lab equipment to cover all aspects of cell related research and development, the electric vehicles company said.

  • The Uber saga: The corrosive powers of maverick founders Jul 15, 2022 09:14 AM IST

    The Uber saga: The corrosive powers of maverick founders

    The likes of Travis Kalanick, Adam Neumann and Elon Musk don’t look back, even if it is to consider the consequences of the actions they have initiated

  • Online cab booking | Why finding a cab is a nightmare now Jul 14, 2022 08:02 AM IST

    Online cab booking | Why finding a cab is a nightmare now

    Many drivers said the rise in commissions payable to ride-hailing platforms and higher fuel costs, among other expenses, have made it impossible for them to survive in the once-lucrative profession.

  • Ola likely to lay off 700 employees in cost-cutting exercise across verticals Jul 08, 2022 07:43 AM IST

    Ola likely to lay off 700 employees in cost-cutting exercise across verticals

    The cab aggregator currently has nearly 1,100 employees in its core ride-hailing business and directly competes with Uber, as per reports. Last month, Ola shut down Ola Cars, its used vehicle business, as well as Ola Dash, its quick-commerce business.

  • Product complaints, unit closures, 'act fast, think later' culture led to recent Ola troubles, say former executives Jul 07, 2022 02:15 PM IST

    Product complaints, unit closures, 'act fast, think later' culture led to recent Ola troubles, say former executives

    The Bhavish Aggarwal-led electric vehicle manufacturer boasts of a speed-to-market without a parallel in the industry. But has the hyper aggression come in the way of doing the right thing?

  • More than 12,000 Indian startup employees lost their jobs in 2022: Report Jul 04, 2022 07:04 PM IST

    More than 12,000 Indian startup employees lost their jobs in 2022: Report

    As startups in India keep sacking their employees to navigate through the "funding winter", the country is expected to witness more than 60,000 job losses in 2022 alone.

  • Ola Electric slips to fourth position in EV registrations in June 2022 Jul 02, 2022 04:51 PM IST

    Ola Electric slips to fourth position in EV registrations in June 2022

    Ola attributed the current decline to the impact of supply chain constraints, especially on cell shortages in June.

  • Ola to shut Dash, its quick commerce business, and merge cars unit with electric division Jun 25, 2022 10:12 AM IST

    Ola to shut Dash, its quick commerce business, and merge cars unit with electric division

    The firm has said the move is part of its strategy to accelerate its electrification journey and build on its core capabilities in mobility and financial services

  • 'EV fires will happen': Ola CEO after Tata Nexon EV catches fire in Maharashtra Jun 23, 2022 12:48 PM IST

    'EV fires will happen': Ola CEO after Tata Nexon EV catches fire in Maharashtra

    Following EV fire complaints, Ola Electric had in April recalled 1,441 units of its electric two-wheelers.

  • Ola teases multiple electric cars ahead of August 15 unveiling Jun 22, 2022 02:04 PM IST

    Ola teases multiple electric cars ahead of August 15 unveiling

    Unlike the flood of electric SUVs in the Indian market, at least one Ola car will be a sedan. Details, at the moment, are scarce, but reports suggest a large 70-80 kWh battery pack to power the new cars, take a look

  • Ola in talks with multiple global suppliers for $1 billion cell manufacturing Jun 07, 2022 03:40 PM IST

    Ola in talks with multiple global suppliers for $1 billion cell manufacturing

    Ola Electric, which is sponsored by SoftBank Group, is in talks with a number of global suppliers to develop a battery cell manufacturing plant in India.

  • Ola CEO Bhavish Aggarwal's 'thanks, but no thanks' tweet for Tesla's India plans May 28, 2022 03:35 PM IST

    Ola CEO Bhavish Aggarwal's 'thanks, but no thanks' tweet for Tesla's India plans

    Elon Musk tweeted: “Tesla will not put a manufacturing plant in any location where we are not allowed first to sell and service cars.”

  • Front suspension of Ola electric scooter broke while driving, says Kerala man May 26, 2022 05:20 PM IST

    Front suspension of Ola electric scooter broke while driving, says Kerala man

    A man from Kerala has claimed the front suspension of his Ola Electric scooter broke while he was riding.

  • Ola Electric hikes flagship e-scooter's price May 21, 2022 03:40 PM IST

    Ola Electric hikes flagship e-scooter's price

    Ola Electric has opened the purchase window for its flagship e-scooter S1 Pro. The electric two-wheeler manufacturing company has raised the e-scooter's price.

  • Consumer-rights watchdog issues notices to Ola, Uber for unfair trade practices May 20, 2022 04:10 PM IST

    Consumer-rights watchdog issues notices to Ola, Uber for unfair trade practices

    In a meeting held on May 10 with cab aggregators, the government had warned of strict action unless they improve their systems and redress rising consumer complaints.

  • ‘Avoid Ola cabs’: Man’s warning after collection agents confiscate car, leave family stranded May 18, 2022 01:42 PM IST

    ‘Avoid Ola cabs’: Man’s warning after collection agents confiscate car, leave family stranded

    For one family, an outstation trip in an Ola cab ended on a sour note after they were left “abandoned” on the highway.

  • 65-year-old severely injured in Ola electric scooter accident. Son flags software bug May 11, 2022 03:39 PM IST

    65-year-old severely injured in Ola electric scooter accident. Son flags software bug

    A Jodhpur man has flagged a software bug in Ola electric scooters after his father suffered a severe head injury in an accident.

  • Govt warns cab aggregators of strict action for unfair trade practices May 10, 2022 02:36 PM IST

    Govt warns cab aggregators of strict action for unfair trade practices

    The government held a meeting on Tuesday with the ride-hailing platforms amid a rise in consumer complaints of alleged unfair trade practices by them, including ride cancellation policy, as drivers force customers to cancel trips after accepting bookings, which results in customers paying cancellation penalties.

  • Govt to meet cab aggregators on May 10 amid rise in consumer complaints May 09, 2022 06:55 PM IST

    Govt to meet cab aggregators on May 10 amid rise in consumer complaints

    The meeting has been called amid rise in consumer complaints of alleged unfair trade practices by these platforms, including ride cancellation policy as drivers force customers to cancel trips after accepting bookings, which results in customers paying cancellation penalties.

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