Ola
Founded in 2010 by Bhavish Aggarwal and Ankit Bhati, Ola is a ride-hailing and mobility service company. Headquartered in Bengaluru, it serves over 250 cities across India, Australia, New Zealand, and the UK.
It ventured into its first overseas market in Australia in January 2018, followed by New Zealand in September, and then the UK in 2019.
The Ola mobile application allows users to sign up using their mobile numbers, set up their accounts and access all its features, which include, booking rides, buying their electric vehicle products, and insurance.
In 2019, the company launched Ola Bike, which offers bike taxi services for short-distance travelling. And in 2020, it launched Ola Fleet which caters to corporate travel and employee transportation.
The company has raised $5 billion in funding across 29 rounds. Its investors include SoftBank, Steadview Capital, and Temasek Holdings, among others.
In 2017, Aggarwal launched Ola Electric, which unveiled its first electric scooter Ola S1 in August 2021, soon after the announcement of its construction of the world's largest electric scooter manufacturing plant in Tamil Nadu, India.
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Events
DevSparks back in Bengaluru: Ultimate playground for developers
Team YS | March 25, 2025
With over 1,000 expert developers, 10+ thriving communities, 30+ speakers, and 25+ hands-on sessions, DevSparks Bengaluru is the place to be if you want to build India's tech future with AI, data and security.
Electric Vehicle
Ola Electric arm settles dues with Rosmerta Group
Press Trust of India | March 25, 2025
Ola Electric Mobility Ltd on Tuesday said its arm Ola Electric Technologies Pvt Ltd has amicably settled all dues with its former vehicle registration service provider Rosmerta Group.
In-focus
Uber for logistics: With AI, TrucksUp is fixing India’s empty miles problem
Pooja Malik | March 24, 2025
Founded in 2024, Gurugram-based TrucksUp uses AI-driven algorithms to connect truckers with shippers in real-time. The platform has onboarded 215,000+ truckers and logistics companies, including 175,000 registered truck owners managing multiple trucks.
News
Ola Electric starts deliveries for S1 Gen 3 scooter portfolio
Press Trust of India | March 23, 2025
The S1 Gen 3 range starts at Rs 79,999 for S1 X (2kWh) and goes up to Rs 1,69,999 for the S1 Pro+ 5.3kWh with 4680 Bharat Cell, the company said in a statement.
Opinion
Inside India’s new EV manufacturing policy of reduced tariffs and global players
Kunal Khattar | March 23, 2025
At its core, the policy is a bold move to position India as a global hub for EV manufacturing, leveraging the country’s low-cost production base, growing domestic market, and ambitious sustainability goals.
Electric Vehicle
Ola Electric confirms getting queries from govt; attributes low sales data to 'temporary backlog'
Sai Keerthi | March 21, 2025
The statement from Ola Electric comes after reports of the company facing regulatory scrutiny over differences in its reported sales numbers for February and actual vehicle registrations on the Vahan portal.
Daily Capsule
An AI tool to monitor newborn health; Scaling Mt Everest with YouTube videos
Team YS | March 19, 2025
Until last year, ASHA worker Jyotsna Suresh Patel in Daman’s Kachigam village carried a heavy weighing scale to weigh newborn babies. The process was long and she struggled to ensure accurate readings while soothing anxious mothers. AI is now helping her accurately weigh babies in seconds.