Ola Electric Mobility all set to Secure Fresh Funding from Hyundai and Kia

Ola Electric Mobility (OEM), the division of home grown ride-hailing major Ola, is all set to raise fresh funds from South Korean auto behemoths Hyundai and Kia, a report in Times of India (TOI) claimed. TOI cited the latest filings with antitrust watchdog Competition Commission of India (CCI). Ola's Co-founder Bhavish Aggarwal...Image Source: Ola's official website…

ByGirish ShettiSeptember 16, 20190Comments

Acquisitions

Ola acqui-hires Pikup.ai for Developing Deep Tech Solutions for Mobility

Bengaluru based Ride hailing major Ola on Tuesday acqui-hired artificial intelligence startup Pikup.ai. Since this was an acqui-hire, no financial transactions were involved in the deal. As is expected from an acquihire process, Pikup.ai’s Inder Singh and Ritwik Saikia along with its entire technical team will join Ola’s team. Ola acqui-hires Pikup.ai in its quest to…

ByGirish ShettiAugust 13, 20190Comments

News

SC asks Center to Regulate Ola & Uber for Women Safety

If Supreme Court has its way then ride hailing majors like Uber and Ola will soon have to abide by new rules and regulations to ensure the safety of women passengers. The country’s top court on Wednesday ordered the Indian government to consider framing law to regulate cab hailing companies for providing adequate security to…

ByGirish ShettiJuly 31, 20190Comments

Funding News

Ola Electric Mobility gets Unicorn Tag with SoftBank’s $250 Mn Funding

Ola Electric Mobility (OEM) has become the latest startup to join India’s rapidly increasing unicorn club. This after OEM, which is Ola's electric vehicle division, raised $250 million (nearly Rs 1,725 crore) from Japanese telecom giant SoftBank. SoftBank is already the largest investor in ride-hailing firm and Uber’s main rival Ola. ANI technologies is the…

ByGirish ShettiJuly 2, 20190Comments

News

Ola and Uber’s India Growth Story hits a Speed-Breaker

Is Ola and Uber’s India growth story flattering? If both ride-hailing major’s growth numbers for past six months are anything to go by then the unbiased and overwhelming answer would be ‘yes.’ Two companies’ daily rides have posted disappointing growth of only 4% during the last six months, increasing from 3.5 million to 3.65 million. Ola…

ByGirish ShettiJune 4, 20190Comments

Bhavish Aggarwal - co-founder and CEO of Ola

News

Ola Pumped $60 million in Foreign Operations: Report

India’s ride-hailing giant Ola had to pump near about $60 Mn over the last 15 months to ensure that it gets a nice head start in all its international markets. Regulatory filings filed with Singapore’s Accounting and Corporate Regulatory Authority disclosed these foreign investments. It must be duly noted that most of Ola’s international markets…

ByGirish ShettiMay 15, 20190Comments

Funding News

Ratan Tata reposes faith in Ola’s Electric Vehicle Dream

Tata’s former chairman Ratan Tata has made yet another startup investment by investing undisclosed amount in the Ola Electric Mobility, a subsidiary unit of the ride hailing giant Ola. According to reports, Mr. Tata has made the investment in a personal capacity and not through his investment firm. The company plans to use the fresh…

ByGirish ShettiMay 6, 20190Comments

Funding News

Hyundai and Kia Motors Jointly Invest $300 Mn in Ola

In the latest funding boost, Ola has got $300 Mn funding from Hyundai Motors and Kia Motors. This is the largest combined investment by South Korean auto giants till date. This investment is based on the agreement that all three companies will collaborate together to develop unique fleet and mobility solutions; developing India-specific electric vehicles…

ByGirish ShettiMarch 19, 20190Comments

Funding News

Ola may get $300 Mn Funding Lift from Hyundai

Ride hailing major Ola, which is currently on a fundraising spree, may soon get end up getting a funding lift from Hyundai. Reports are abuzz that the South Korean based auto giant is in advanced discussion with Ola to invest nearly $250-300 million in the company. The investment will give Hyundai a 4% stake in…

ByGirish ShettiMarch 8, 20190Comments

Funding News

Sachin Bansal makes Landmark Investment of $92 Mn in Ola

Sachin Bansal has invested whopping Rs 650 crore or $92 million in ride-hailing Major Ola. Bansal’s latest investment in Ola is the largest individual investment in an Indian startup, making it one of the landmark investments in Indian startup ecosystem. Flipkart co-founder had already invested Rs 150 crore in Ola via primary infusion few weeks…

ByGirish ShettiFebruary 20, 20190Comments

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