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
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
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 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.
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.
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).
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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 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
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.
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.
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?
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 attributed the current decline to the impact of supply chain constraints, especially on cell shortages in June.
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
Following EV fire complaints, Ola Electric had in April recalled 1,441 units of its electric two-wheelers.
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 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.
Elon Musk tweeted: “Tesla will not put a manufacturing plant in any location where we are not allowed first to sell and service cars.”
A man from Kerala has claimed the front suspension of his Ola Electric scooter broke while he was riding.
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.
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.
For one family, an outstation trip in an Ola cab ended on a sour note after they were left “abandoned” on the highway.
A Jodhpur man has flagged a software bug in Ola electric scooters after his father suffered a severe head injury in an accident.
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.
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.