The SJM also demanded that in case of ride cancellation by a taxi-app company or the driver, Rs 100 or an amount equivalent to 20 per cent of the fare should be credited as a penalty
Karnataka already has a minimum and maximum fare for app-based cab companies
As part of the deal, the team at Pikup.ai will join Ola, which is increasing its focus on using advanced analytics and deep technology to build futuristic mobility solutions
The foundation would enable economic empowerment for women through employment-linked skills training, financial literacy and social empowerment through life-skills education
Ride sharing companies will need to maintain a fine balance between meeting the demands of the customers as well as the needs of their partner networks, say analysts
Ola is now searching for a head of engineering, who would direct the research and development programme
Aggarwal likened the company's strategy to guerrillas stating they will "fight the nooks and corners" and win in the long term
The Bengaluru-based firm looks to build a team of over 150 engineers working out of this centre on developing next-generation technologies in mobility
The proposed centre will focus on research into areas from electric cars to autonomous vehicles and artificial intelligence, the company said
In 2018, Ola had spoken to all major autorickshaw OEMs in this regard. These talks, however, did not progress and went into cold storage
The ride-hailing firm is also slowing down investments in existing international markets
Taxi hailing firm Ola and hospitality group Oyo, which entered the UK market last year, will compete with Taj Vivanta in the Market Entrant of the Year category
The SoftBank backed company would focus more on its own private label food brands and expand its network of cloud kitchens across the country
Expecting rapid adoption of four-wheeler electric vehicles at a mass scale to take time, ride-hailing firm Ola is betting big on two and three-wheelers for its electric mobility drive, according to a senior company official. With lessons learnt from its experiment in Nagpur, where the company had partnered with Mahindra & Mahindra in 2017 for a multi-modal electric mass mobility project, Ola believes right now "four-wheelers are not yet ready" for such usage in India on a large scale. Therefore, the company is now focussing on deploying 10,000 electric vehicles (EVs), a mix of two and three-wheelers, on Indian roads by the end of March 2020. "The biggest lesson (from Nagpur) was that (electric) four-wheelers are not yet ready. It is going to take a couple of years for the math on four-wheelers to work," Ola Electric Mobility (OEM) co-founder Anand Shah told PTI. He, however, said the company hasn't given up as it is confident that electrification is viable in the long run. Sharing
The company is in talks with carmakers like Audi, Mercedes and BMW to bring to India a model where users can get access to luxury cars by paying a subscription fee.
Masayoshi Son struck a preliminary deal to put another $1.1 billion into Ola to boost his stake to more than 40 per cent, according to people familiar with the matter
Ola, which has been eyeing a $1.5-2 billion funding round, Dubai also opens up a set of investors
In the UK, Ola is the only app that offers black cabs and private hire vehicles, giving both driver-partners as well as users, more choice
Ola started Liverpool operation by offering free rides on green tuk-tuks last week for a limited time period, as a part of the promotional campaign
Vogo is also betting big on India's growing traffic congestion