Ola

Zero-commission model can raise driver incomes, says ONDC white paper

It reveals how open network models such as zero commission boost inclusive growth and strengthen local economies

Bhavish Aggarwal-led Ola Electric plans restructuring; to impact over 500

The restructuring looks to enhance operational efficiency and improve profit margins as the company works towards achieving profitability

Ola Electric sells over 50,000 units, registers 41,605 units in Oct

With a market share of 30 per cent, the company said it continues to dominate the EV 2W segment in India

CCPA orders Ola to offer refund choices, provide auto ride receipts

The Central Consumer Protection Authority (CCPA) has directed ride-hailing platform Ola to implement consumer-friendly changes, including offering refund options and providing receipts for auto rides, the regulator said on Sunday. The CCPA, led by Chief Commissioner Nidhi Khare, observed that Ola's no-questions-asked refund policy only provided coupon codes for future rides, without giving consumers a choice for bank account refunds. "This (practice) violates consumer rights," the CCPA said in a statement. "The no-question-asked refund policy cannot mean that the company incentivises people to simply use this facility for taking another ride." The regulator also mandated Ola to issue bills or invoices for all auto rides booked through its platform, citing the absence of such documentation as an "unfair trade practice" under the Consumer Protection Act, 2019. Following the CCPA's intervention, Ola has implemented several changes, including displaying contact details of grievance an

Kunal Kamra reignites feud with Ola Electric, slams CEO over refund policy

Kunal Kamra's fresh remarks come after a previous exchange in which he urged Aggarwal to share a detailed plan on how Ola intends to fix its customer service issues

Bhavish Aggarwal-founded Krutrim AI's business head Ravi Jain resigns

The business head of Bhavish Aggarwal-founded artificial intelligence startup Krutrim AI, Ravi Jain, has quit, according to sources. Jain exited the company after putting in around three years, marking another high-profile exit from the Bengaluru-headquartered group this year. When contacted, the company declined to comment on the matter. Ola Krutrim is an AI startup, which has formed a series of strategic partnerships with global majors like Arm and Untether AI for the development of CPU and AI chips, platforms, and systems. In January 2024, Krutrim raised USD 50 million at a valuation of USD 1 billion in a funding round led by Matrix Partners. This made Krutrim the first artificial intelligence unicorn from India. Ola has seen several high-profile exits this year. Ola Cabs chief executive Hemant Bakshi left within three months of his appointment. In May, the chief financial officer of Ola Cabs and Ola Financial Services (Ola Mobility) Karthik Gupta, stepped down.

CCPA showcause notice won't impact activities, says Ola Electric

Won't impact operations or finance, says company after founder's social media spat with stand-up comedian

Ola CEO faces backlash after heated social media exchange with Kunal Kamra

The exchange between the two began when comedian Kunal Kamra posted a picture of Ola Electric scooters gathering dust outside a dealership, apparently awaiting service

Ola founder Bhavish Agarwal, Kunal Kamra spar over service quality issues

A war of words broke out between Ola founder Bhavish Agarwal and stand-up comedian Kunal Kamra on Sunday on social media platform X over the after sales and service quality of the company's electric scooters. It started when Kamra responded to a post on X by Agarwal, who posted a photo of Ola's gigafactory, by putting a picture of several Ola Electric scooters parked together seemingly waiting for servicing. "Do Indian consumers have a voice? Do they deserve this? Two wheelers are many daily wage workers lifeline ...," Kamra wrote along with the photo. He tagged Union Road Transport and Highways minister Nitin Gadkari, asking: "Is this how Indians will get to using EV's?" The comedian also tagged the official handle of Department of Consumer Affairs, Government of India @jagograhakjago, seeking an answer saying "any word?" Kamra further wrote, "Anyone who has an issue with OLA electric leave your story below tagging all...". To this Agarwal responded, "Since you care so much ...

HC stays order declaring Ola's relation with drivers as employer-employee

The Karnataka High Court has stayed a single judge verdict, which had classified the relationship between ANI Technologies Private Limited (Ola) and its drivers as that of employer-employee. The original ruling required Ola to address complaints of sexual harassment involving its drivers. The interim order that stayed the original judgment was passed by a vacation bench consisting of Justice S R Krishna Kumar and Justice M G Uma, following an appeal by Ola against the earlier judgment dated September 30. In the original order, the single judge had directed Ola and its Internal Complaints Committee (ICC) to pay a compensation of Rs 5 lakh, along with Rs 50,000 in legal costs, to a woman who had filed a complaint of sexual harassment against an Ola driver. The court criticized Ola and its ICC for failing to take appropriate action, citing deliberate negligence. The single judge had ruled that Ola's refusal to act on the complaint based on the claim that drivers are not employees unde

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