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Boost to Electric Vehicles! Modi govt order to Ola, Uber - Convert 40% vehicles to EV by 2026
Thu, Jun 06, 2019
The Union government has ordered cab aggregators Ola and Uber to convert 40 per cent of their fleet to Electric Vehicles (EV) by 2026, Zee Business TV reports.
Ola Electric Mobility brings former CEO of Vodafone Arun Sarin on its Board
Tue, May 28, 2019
Ola Electric Mobility today announced that it has appointed Arun Sarin, former CEO of Vodafone Group Plc, as an Independent Director on its board.
Ola credit card launches in partnership with SBI Card; aims 10 mn customers by 2022
Wed, May 15, 2019
A day after Paytm announced its credit card, ride-hailing platform Ola too has launched the Ola Money SBI Credit Card in partnership with SBI Card, one of India’s largest credit card issuers.
Ola expands UK operation to three new cities
Fri, Mar 29, 2019
The company started service in UK from Cardiff in August 2018. It then started operations in Bristol in October 2018, followed by Bath and Exeter in November 2018. Ola is planning to expand operation across North England and the Midlands in the coming months.
Self-drive an Ola cab soon in India; company to invest $500 mn, deploy 10,000 vehicles including SUVs
Thu, Mar 28, 2019
In a bid to expand its portfolio of transportation solutions, ride-hailing platform Ola is set to launch a 'self-drive' service in India and that to as early as the next quarter, sources told Zee Business Online on Thursday.
Karnataka government lifts ban on Ola cabs
Sun, Mar 24, 2019
"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.
Ola ban in Karnataka: State govt open for talks
Sat, Mar 23, 2019
Karnataka kept the door open on Saturday to talks with local ride-hailing service Ola to avoid a ban that could help rival Uber build market share.
Biggest investment ever! Hyundai, Kia invest over Rs 2,000 crore in Ola - From India-specific EVs to infra, all details here
Wed, Mar 20, 2019
In their single biggest investment ever, Hyundai Motor Co and its affiliate Kia Motors Corp on Tuesday announced an investment of Rs 2,068 crore ($300 million) in India's leading ride-hailing cab aggregator Ola.
Ola, Hyundai in talks for USD 300 mn fund infusion
Fri, Mar 08, 2019
The fresh funding will give the Bengaluru-based company more ammunition to compete with rival Uber in India and other markets like Australia, New Zealand and the UK.
Ola's electric mobility unit raises $56 million in first funding round
Fri, Mar 01, 2019
The announcement comes a day after India`s cabinet approved a scheme to spend $1.4 billion to subsidise sales of electric and hybrid vehicles as part of efforts to curb pollution and reduce dependency on fossil fuels.
Ola, Uber rival? Mahindra enters taxi service with this electric car
Wed, Feb 27, 2019
Mahindra and Mahindra aims to make electric vehicles commercially viable.
Sachin Bansal is putting his money into these firms after he got whopping amount from Flipkart stake sale
Wed, Feb 20, 2019
Sachin Bansal, co-founder of e-commerce major Flipkart, has invested Rs 650 crore or $92 million in Ola, a ride-hailing start-up in India.
Internet entrepreneur and Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola Cabs
Tue, Feb 19, 2019
Internet entrepreneur and Flipkart co-founder Sachin Bansal has invested Rs 650 crore, or about $92 million, in ride-hailing platform Ola in his personal capacity as investor , the company said in a statement on Tuesday.
Ola Money Postpaid: Ride for free now, and pay later - Here is how to activate the plan to hire cabs, taxis
Thu, Jan 17, 2019
Ola has introduced its new payment service - Ola Money Postpaid. The service was introduced last year as a pilot and has received tremendous response from customers with 30% growth month-on-month. T
Ola drives into UK, looks to beat Uber with this big feature
Tue, Aug 07, 2018
India's ride-hailing service Ola today announced its plans to expand into the UK with a "dynamic and responsible" new taxi service, marking its entry into the second global market after Australia earlier this year.
Ola's losses widen to Rs 4,898 cr in FY'17
Thu, Jun 14, 2018
Ola, which is locked in a bruising battle for market leadership in the Indian market against American rival Uber, had registered a loss of Rs 3,147.9 crore in FY2015-16. During the same period, ANI Technologies -- the entity running Ola -- saw its consolidated total income rising over 70 per cent to Rs 1,380.7 crore as against Rs 810.7 crore in FY2015-16, as per documents filed with Registrar of Companies (RoC).
How to get a loan? Now, go to Flipkart, Amazon, Uber, Ola
Tue, May 29, 2018
The finance ministry has joined hands with over two dozen e-commerce firms, including major players like Amazon, Flipkart, Ola and Uber, to provide easy finance to small entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY), a top government official said.
Finmin ties up with e-commerce firms to give loans under PMMY
Wed, May 23, 2018
The three way partnership between lenders, industry and the government aims to facilitate small business loans.
India's Ola in 3 more Australian cities
Tue, May 22, 2018
Indian ride-sharing major Ola on Tuesday expanded its services in Australia to three more cities -- Brisbane, Gold Coast and Canberra. "Customers in these cities can book discounted rides using Ola app starting Tuesday," the city-based online cab aggregator said in a statement here.
Facebook 2nd most trusted internet brand in India; you won't believe who is not in top 10
Thu, Apr 26, 2018
TRA Brand Trust Report 2018 has just been released and it has some interesting findings for India's preference towards internet brands. The survey was carried out during November 2017-January 2018 and did not take into account the recent reports of data breach and privacy involving Facebook.