Page 15 - Ola

Ola to launch self-drive rental service in select cities in coming weeks

With its foray into self-drive, Ola will go head-to-head with early entrants Zoomcar, Revv and a few other

Karnataka lifts ban on Ola, minister says need to catch up with new tech

The Karnataka government Sunday allowed cab aggregator Ola to resume its service which was suspended two days back for running bike taxis without permission. "Olacabs will run their business as usual from today. However there is an urgent need for policies to catch-up with new technologies & also industries too should work closer with Govt to help evolve policies for innovations," Karnataka Social Welfare Minister Priyank Kharge said in a tweet. Matrix Partners India, an investor in Ola Cabs, appreciated quick resolution of the issue. "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. The Karnataka transport department had on Friday suspended the licence of taxi aggregator Ola for six months, saying it was running bike taxis without permission. "As Ani Technologies Pvt Ltd (Ola .

Karnataka open to talks with Ola; satisfactory response may help revoke ban

Ola's permit, obtained in 2017 and valid to 2021, allows it to run three and four-wheeler taxis in Karnataka

Karnataka bans Ola for 6 months, says company flouted licence terms

Government was not satisfied with the response and suspended the licence as a result. Ola is now barred from operating its aggregator service for any vehicle including cars, autos and bikes

Ola banned for 6 months in Bengaluru, accused of breaking licence terms

Despite repeated warnings, Ola was misusing the licence granted by the authorities

Ola's fight against Uber to get a $300-mn push from Hyundai and Kia

The three companies - Ola, Hyundai and Kia - will co-create solutions to operate and manage fleet vehicles

Hitching a ride: Hyundai may invest $250-300 million for 4% stake in Ola

The deal, if it goes through, would be part of Ola's ongoing fund-raising round where it is looking to raise $400-500 million at a $6-billion valuation

Ola's electric mobility unit gets Tiger, Matrix financial backing

Subsidiary Ola Electric Mobility raises Rs 292 cr from these early backers; firm likely to raise Rs 400 cr in total in this round

To enhance safety, Ola masks customers' numbers from drivers

The company has integrated a cloud telephony solution that sends an encrypted number to the driver, whenever someone books a cab

Flipkart founder Sachin Bansal may play mentor to Ola in fight against Uber

Flipkart co-founder may be instrumental in next funding round talks

Ola facilitates the issue of 20 million in-trip micro-insurance policies

The ride-hailing firm offers insurance for lost baggage, accidental medical expenses, loss or damage to a laptop and emergency hotel requirement

Ola cuts down losses on way to profitability, revenue up 61% at Rs 2,223 cr

Revenues from its wallet business jumped more than two times at Rs 56.71 crore in FY18, though losses rose 62 per cent to Rs 40.62 during this period

Flipkart co-founder Sachin Bansal boards Ola with Rs 150-crore investment

This is learnt to be the first tranche of around Rs 650 crore investment into the company by Bansal

Ola raises Rs 520 crore from HK-based hedge fund Steadview Capital

The new funding is expected to help the Bhavish Aggarwal-led company to intensify its battle with global rival Uber in the Indian market

Ola banking on platform effect to grow, may enter medicine delivery

The company may be close to buying stake in Myra, an online medicine delivery service, according to a report

Ola to invest $100 million in Indian scooter sharing startup Vogo: Aggarwal

Vogo did not disclose how many scooters it currently has but said that more than 100,000 users have commuted for over 20 mn kilometres using its two-wheelers

Ola in talks to raise $500 mn, not keen on SoftBank leading fresh round

Ola prefers funding from Tencent and DST Global over SoftBank to protect the founders' veto rights on key board decisions, including M&As

Ola to showcase concept electric vehicles, in talks with component vendors

The company, according to sources, could manufacture the electric vehicles on its own, or get into an arrangement where it has a complete control over the process of manufacturing the vehicle

After Australia and UK, Ola drives into New Zealand's three largest cities

The company's international expansion comes at a time when it is trying to woo new investors

Ola ramps up expansion abroad with foray into three cities in New Zealand

Ola's service will include safety features like in-app emergency button that enables customers to instantly share important ride information