Page 11 - Ola

Ola to focus more on own private label food brands through cloud kitchens

The SoftBank backed company would focus more on its own private label food brands and expand its network of cloud kitchens across the country

Electric drive: Ola bets on two, three-wheelers, says e-cars to take time

Expecting rapid adoption of four-wheeler electric vehicles at a mass scale to take time, ride-hailing firm Ola is betting big on two and three-wheelers for its electric mobility drive, according to a senior company official. With lessons learnt from its experiment in Nagpur, where the company had partnered with Mahindra & Mahindra in 2017 for a multi-modal electric mass mobility project, Ola believes right now "four-wheelers are not yet ready" for such usage in India on a large scale. Therefore, the company is now focussing on deploying 10,000 electric vehicles (EVs), a mix of two and three-wheelers, on Indian roads by the end of March 2020. "The biggest lesson (from Nagpur) was that (electric) four-wheelers are not yet ready. It is going to take a couple of years for the math on four-wheelers to work," Ola Electric Mobility (OEM) co-founder Anand Shah told PTI. He, however, said the company hasn't given up as it is confident that electrification is viable in the long run. Sharing

Ola in talks with Audi, Merc, BMW for self-drive subscription service

The company is in talks with carmakers like Audi, Mercedes and BMW to bring to India a model where users can get access to luxury cars by paying a subscription fee.

Why Ola founder Bhavish Aggarwal turned down a $1.1-billion SoftBank deal

Masayoshi Son struck a preliminary deal to put another $1.1 billion into Ola to boost his stake to more than 40 per cent, according to people familiar with the matter

Hitching a ride: After Uber, rival Ola to make Dubai its next pit stop

Ola, which has been eyeing a $1.5-2 billion funding round, Dubai also opens up a set of investors

Ola drives into in 3 more UK cities; Birmingham, Reading and Liverpool

In the UK, Ola is the only app that offers black cabs and private hire vehicles, giving both driver-partners as well as users, more choice

Ola expands footprint in UK, drives into Liverpool, Reading, Birmingham

Ola started Liverpool operation by offering free rides on green tuk-tuks last week for a limited time period, as a part of the promotional campaign

After Ola investment, Sachin Bansal backs scooter sharing start-up Vogo

Vogo is also betting big on India's growing traffic congestion

Ola to launch self-drive rental service in select cities in coming weeks

With its foray into self-drive, Ola will go head-to-head with early entrants Zoomcar, Revv and a few other

Karnataka lifts ban on Ola, minister says need to catch up with new tech

The Karnataka government Sunday allowed cab aggregator Ola to resume its service which was suspended two days back for running bike taxis without permission. "Olacabs will run their business as usual from today. However there is an urgent need for policies to catch-up with new technologies & also industries too should work closer with Govt to help evolve policies for innovations," Karnataka Social Welfare Minister Priyank Kharge said in a tweet. Matrix Partners India, an investor in Ola Cabs, appreciated quick resolution of the issue. "This speed of resolution is much appreciated and augurs well for the new India! Great to see younger ministers shedding the ways of the older ones and promoting speed and innovation," Matrix Partners India Founder and Managing Director Avnish Bajaj said. The Karnataka transport department had on Friday suspended the licence of taxi aggregator Ola for six months, saying it was running bike taxis without permission. "As Ani Technologies Pvt Ltd (Ola .

Karnataka open to talks with Ola; satisfactory response may help revoke ban

Ola's permit, obtained in 2017 and valid to 2021, allows it to run three and four-wheeler taxis in Karnataka

Karnataka bans Ola for 6 months, says company flouted licence terms

Government was not satisfied with the response and suspended the licence as a result. Ola is now barred from operating its aggregator service for any vehicle including cars, autos and bikes

Ola banned for 6 months in Bengaluru, accused of breaking licence terms

Despite repeated warnings, Ola was misusing the licence granted by the authorities

Ola's fight against Uber to get a $300-mn push from Hyundai and Kia

The three companies - Ola, Hyundai and Kia - will co-create solutions to operate and manage fleet vehicles

Hitching a ride: Hyundai may invest $250-300 million for 4% stake in Ola

The deal, if it goes through, would be part of Ola's ongoing fund-raising round where it is looking to raise $400-500 million at a $6-billion valuation

Ola's electric mobility unit gets Tiger, Matrix financial backing

Subsidiary Ola Electric Mobility raises Rs 292 cr from these early backers; firm likely to raise Rs 400 cr in total in this round

To enhance safety, Ola masks customers' numbers from drivers

The company has integrated a cloud telephony solution that sends an encrypted number to the driver, whenever someone books a cab

Flipkart founder Sachin Bansal may play mentor to Ola in fight against Uber

Flipkart co-founder may be instrumental in next funding round talks

Ola facilitates the issue of 20 million in-trip micro-insurance policies

The ride-hailing firm offers insurance for lost baggage, accidental medical expenses, loss or damage to a laptop and emergency hotel requirement

Ola cuts down losses on way to profitability, revenue up 61% at Rs 2,223 cr

Revenues from its wallet business jumped more than two times at Rs 56.71 crore in FY18, though losses rose 62 per cent to Rs 40.62 during this period