Ola

26-yr-old arrested after setting Ola Electric's showroom ablaze in K'taka

The incident comes amid growing public ire over servicing at Ola Electric, India's no.1 e-scooter maker

India's design in every chip but no India-made chip yet: Ola founder

Ola Founder Bhavish Aggarwal has called out "unique irony" of India having its design imprint on every chip in the world, yet no chip of its own, and said while his announcement on first AI chip for India is a "moonshot", the company is fully confident of delivering on the promise. In an interaction with PTI editors at the agency's headquarters here, Aggarwal talked at length on his vision behind the bold and ambitious project, and explained why building a chip from scratch is a "risky endeavour". And why he is convinced that Ola Group and AI venture Krutrim can pull off the "moonshot". Aggarwal said the company would not be setting up a fab for its AI chip. Instead, it plans to work with global foundries, say, in Taiwan, Korea or even the American ecosystem. Conversations are on but not yet finalised, the Ola top boss said, adding, "hopefully somebody puts up a cutting-edge fab in India, and we will be happy to use it." A vocal advocate of India's digital sovereignty, Aggarwal is

Sent legal notice to MapmyIndia but didn't get reply: Ola founder

Ola Co-Founder Bhavish Aggarwal has rejected claims of copying MapmyIndia, saying the map company was attempting to ride on Ola Electric's listing coattails. The Chairman and Managing Director of Ola brand owner ANI Technologies told PTI that the company has sent legal notice to MapmyIndia but hasn't received any reply from them. "Empty vessels make more sound. These people woke up suddenly someday. Ola Electric is not even in the maps business. In the run-up to Ola electric IPO they just wanted to ride on its coattails. We have also given them legal notice, their reply has not come till date," Aggarwal said. Ola Electric got listed on the bourses on August 9. The company raised Rs 5,500 crore from its initial public offering. MapmyIndia had sent them notice on July 23-- three days before the red-herring prospectus was filed by Ola Electric. Homegrown digital navigation firm MapmyIndia has questioned claims of Ola parent ANI Technologies on developing a navigational map of India a

Auto-taxi drivers' discontent with Uber and Ola: Why Rapido is not a target

The strike, spearheaded by auto and taxi driver unions, has wreaked havoc on the Delhi-NCR's transport network

Charging ahead: Ola Electric launches indigenous 'Bharat' battery cell

The Bengaluru-headquartered electric vehicle manufacturer was awarded 20 Gigawatt hours (GWh) out of the 50 GWh allocated under the PLI scheme

Ola Cabs rebranded to Ola Consumer, CEO Aggarwal launches loyalty program

Bhavish Aggarwal also announced the relaunch of Ola Share - the ride sharing service, which will start today in Bangalore and soon expand to other cities

Ola Electric Q1 results: Net loss widens to Rs 347 cr, hurt by price cuts

The company, which made its trading debut last week, said its loss widened to Rs 347 crore ($41.4 million) in the April-June quarter from Rs 267 crore

MapmyIndia CEO calls Ola Maps a gimmick, warns people to be cautious

Homegrown digital navigation firm MapmyIndia has questioned claims of Ola-parent ANI Technologies on developing a navigational map of India and called the announcement a "gimmick". In the first interview with PTI after sending a legal notice to Ola Electric, MapmyIndia CEO and Executive Director Rohan Verma questioned Ola's claim that the map has been supplied by a startup Geospoc Pvt Ltd, which was acquired and became a subsidiary of ANI Technologies, based on its financial records as developing a digital navigational map of large country like India requires huge investments and expertise. Verma denied any risk to the company's business due to Ola Maps as its quality is not good. "We don't see a business risk, because we don't see a good product coming from there. People are complaining left, right and centre, about their (Ola) updated cab app, their updated electric vehicle app, that their maps are pathetic and causing users problems. Everybody knows that these are more ...

Ola IPO waits to cross the line ; FirstCry's anchor book sets off

75% of Ola's maiden issue is reserved for qualified institutional buyer

Ola Electric IPO: E2W maker raises Rs 2,763 cr from anchor investors

Investors include SBI MF, Templeton, Amundi, Goldman Sachs

Map war intensifies; Google announces new features to woo users in India

Google recently announced price cut on its Maps platform for developer, applicable from August 1, just weeks after Ola's Bhavish Aggarwal openly nudged Indian developers to shun Google Maps

Krutrim takes on Google, unveils new pricing & future roadmap for Ola Maps

For larger volumes, despite recent price adjustments by Google, Krutrim said it is offering prices which are 50 per cent of Google Maps' reduced rates, ensuring value for the users

Ola, Uber among 21 cos registered under Delhi's vehicle aggregator scheme

Over one lakh vehicles of 21 different cab aggregators, delivery service providers and e-commerce companies are now onboard the Delhi government's 'Motor Vehicle Aggregator and Delivery Service Provider Scheme', the city's transport department said on Saturday. Under the scheme, cab aggregators, delivery service providers and e-commerce entities with more than 25 vehicles in their fleet have to register to obtain a licence and it also sets a timeline for the electrification of their fleets. The non-compliant cab aggregators will face action as per the provisions of the scheme, it said. The scheme stipulates penalties ranging from Rs 5,000 up to Rs 100,000 per instance. The onboarded entities include Smartshift Logistics, ANI Technologies, the parent company of Ola, Uber India, Zomato Ltd., Blink Commerce, Swigfy Ltd, MoEVing Urban Technologies., and Roppen Transportation Services among others, it said. The fleet of vehicles of these companies includes electric, petrol and CNG dri

Affordable models take Bajaj, TVS closer to Ola Electric in e2W market

In July, their combined share surges past Ola's

Ola CEO endorses 70-hour work week, top neurologist warns of severe illness

Working for 55 or more hours per week is associated with a 35% higher risk of a stroke, 17% higher risk of dying from ischemic heart disease

Mobility players drive 18% of total car sales in FY24, says Deloitte

Mobility sector's growth path set to accelerate to 25% by FY30: Deloitte

Ola's Bhavish Aggarwal urges developers to shift from Google Maps

Ola is offering developers a year of free access to Ola Maps on the company's Krutrim Cloud and over Rs 100 crore in free credits

Ola Electric planning to layoff 400-500 employees to streamline operations

Ola Electric's IPO application is currently under review by the Securities and Exchange Board of India (Sebi)

Ola moves tech workloads out of Microsoft's Azure, says Bhavish Aggarwal

Although Krutrim managed to get 2,500 developers, there was no clarity if any companies have joined the platform or have shown interest in joining the platform

Ola Cabs CFO Kartik Gupta quits seven months after taking charge

Before joining Ola, Gupta worked as the Vice President and Regional CFO of Asia Pacific, Middle East and Africa at Procter and Gamble for over 17 years