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Amended Motor Vehicles Bill 2019 will bring errant app cab drivers under scanner

The Government has decided to take a stand against the errant app cab drivers. In a move to regulate the app cabs the parliament on Wednesday approved amendments to the Motor Vehicles (Amendments) Bill allowing the center to regulate the likes of Ola and Uber. The Indian government’s focus is on passenger’s safety, comfort, and […]

Ola Electric receives $250 million in financing from Softbank

According to foreign media reports, Ola’s new company, Ola Electric, has recently received $250 million in financing from Softbank. It is reported that the company is working hard to expand its electric vehicle business in India and to take the lead with Uber. After this round of financing, Ola Electric’s valuation reached 1 billion US […]

Ola to issue 10 million credit cards by 2022 with SBI and Visa

Ola has launched its new credit card service. For this, it has tied up with the SBI Bank. The name of this credit card is Ola Money SBI Credit Card. This card can be used in all the merchant outlets across the country, which accept the Visa card. The card is the biggest quality cashback. […]

Ratan Tata in its Series A round invested an undisclosed amount in Ola Electric Mobility

Ola Electric Mobility has set up as an independent entity in March 2019. It is currently running several pilots involving charging solutions, battery swapping stations, and deploying vehicles across two, three and four-wheeler segments. Cab hailing service Ola’s electric vehicle division ‘Ola Electric Mobility Pvt Ltd (Ola Electric)’ has raised funds from Ratan Tata, Chairman […]

Is Ola’s new Ola Restrooms the company’s this year’s April Fool’s prank?

April 1 is just around the corner, and Ola introduces its new Ola Restrooms which are basically cabs you can conduct your washroom activities in on the go, and it seems to correspond with Ola’s annual tendency to attempt to make an April fool out of the public with entertaining pranks. Introducing Ola Restrooms. A […]

Ola Electric raises Rs. 400 Crore as part of the first round of investment

Ola backed Ola Electric Mobility Pvt. Ltd. has reportedly raised Rs. 400 crore as part of its first round of investment led by Tiger Global, Matrix India, and other early investors of Ola. This fundraising comes as a part of Ola’s attempt to venture into the market of electric mobility. Launched in 2018 to enable […]

Co-founder of Flipkart makes 650 Cr investment in Ola Cabs

Sachin Bansal who apart from being the co-founder of Flipkart is also India’s foremost internet entrepreneur. He made an investment of INR 650 Cr in the taxi-hailing company Ola. Ola was founded back in 2011 by Bhavish Aggarwal and Ankit Bhati and has proved to be one of the essential taxi-hailing apps available on the […]

Ola to reportedly Invest $4.2 million in Carpooling Startup sRide for 26% Stake

Ola is reportedly in talks with Gurugram-based carpooling startup, sRide, and may soon invest $4.2 million in the company for a minimum stake of 26%. The startup is attracting good business because other venture capital funds have also shown an interest in investing in it along with Ola or during more substantial funding round. Founded […]

Ola Cabs becomes India’s largest private micro-insurance service with 20 Million users

If you use Ola’s cab, there’s a piece of good news for you. As One of the biggest ride-sharing platforms in the world, Ola, with a modern insurer under its flagship and industry-first program, offers a unique achievement of providing 20 million in-trip micro-insurance facilities per month to its customers. This service was designed to […]

Ola eyes to expand in fin tech sector; applies for NBFC license

The country’s largest taxi service company Ola is exploring new ways of business growth. Trying to get every opportunity available, the company has applied for non-banking finance services. Looking to further expand to the Financial Service Department, sources said that Ola has focused on strengthening its short-term credit services. Ola has been reported to apply […]

Ola expands Ola Money PostPaid to encourage customers go cashless

Bangaluru based cab hailing service, Ola, launched Ola Money PostPaid today, which is an expansion of the existing Ola Money, a cashless system for paying for rides and third-party services. The new Ola Money PostPaid will allow users to avail cab services on credit for a 15-day cycle at no additional cost. It also has […]

Ola invests $100 M in bike-sharing platform Vogo; to supply 100K scooters

Vogo the dockless scooter sharing platform which is Bengaluru based has raised funding of $100 million from Ola. This huge investment by the mega riding Ola will surely boost up and help Vogo to increase the supply by investing in 100,000 numbers of scooters, so now the Vogo will also be available of the application […]