Tackled Uber’s entry with guerrilla-like plan: Ola
5 years, 6 months ago

Tackled Uber’s entry with guerrilla-like plan: Ola

Live Mint  

India's biggest ride-hailing firm Ola countered American giant Uber's "carpet bombing" entry into the country with guerrilla warfare by going into nooks and corners to gain a significant market share, its founder and CEO Bhavish Aggarwal said. Speaking at the IIT Bay Area Alumni meet in California, a transcript of which was made available by the company, Aggarwal said Uber was clearly ahead of Ola in terms of fund infusion but it never was able to gain a dominant market share. Aggarwal recounted that when Uber entered India in 2013, Ola was a "tiny company" operating in two cities with a mere half a million dollars in the bank. ".we think of the next decade, we want to invest in and we want to be very relevant in terms of a global scale business and also for building new-age, cutting edge technology which impact the new-age business models of the future, there is no better place in the world to do it than here in the Bay area," he said.

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History of this topic

India mobility opportunity massive, underpenetrated; have barely scratched surface: Uber
1 month, 3 weeks ago

India mobility opportunity massive, underpenetrated; have barely scratched surface: Uber

Deccan Chronicle  

New Delhi: India is among the largest markets by volume and growing at a rapid pace, President of Uber India and South Asia Prabhjeet Singh has said, terming it an "incredibly important market" that presents a multi-decadal opportunity for the ride-hailing platform. "There is so much more to be done even though we are growing leaps and bounds," the top …

India mobility opportunity massive, underpenetrated; have barely scratched surface: Uber
1 month, 3 weeks ago

India mobility opportunity massive, underpenetrated; have barely scratched surface: Uber

Live Mint  

New Delhi, Nov 15 India is among the largest markets by volume and growing at a rapid pace, President of Uber India and South Asia Prabhjeet Singh has said, terming it an "incredibly important market" that presents a multi-decadal opportunity for the ride-hailing platform. "There is so much more to be done even though we are growing leaps and bounds," …

Why auto-taxi drivers are furious with Uber and Ola but not Rapido
4 months, 2 weeks ago

Why auto-taxi drivers are furious with Uber and Ola but not Rapido

India Today  

If you’re living in Delhi or the NCR and struggling to book an Ola or Uber today, you’re not alone. Kishan Verma, president of the Delhi Auto Taxi Transport Congress Union, says the protest is driven by high commissions and allegations of unethical activities by private Ola and Uber bike taxi drivers, including involvement in alcohol, drug, and smuggling trades. …

Ola, Uber start subscription based plans for auto drivers: What changes for you? Will rides be cheaper?
9 months ago

Ola, Uber start subscription based plans for auto drivers: What changes for you? Will rides be cheaper?

Hindustan Times  

Ride-hailing platforms Ola and Uber are offering subscription based plans for auto-rickshaw drivers on their platforms, This will replace charging a booking fee or commission on every transaction. Ola has rolled out the model in Delhi-NCR, Mumbai, Bengaluru and Hyderabad while Uber launched the same in six cities starting with Chennai, Kochi and Visakhapatnam, Economic Times reported citing people in …

Ola focusing on Indian market, set to shut down global operations
9 months ago

Ola focusing on Indian market, set to shut down global operations

India TV News  

Ola, a ride-hailing company has reportedly announced its decision to cease operations in its global markets, which include the UK, New Zealand and Australia, citing to escalate the competition. It was on Tuesday when the move surfaced as the company shifted its focus to the Indian market, and recognized the significant opportunities for expansion within the country's evolving mobility landscape. …

For Uber CEO Dara Khosrowshahi, India holds the key: 'If we can succeed here, we can succeed anywhere'
10 months, 2 weeks ago

For Uber CEO Dara Khosrowshahi, India holds the key: 'If we can succeed here, we can succeed anywhere'

Hindustan Times  

Uber CEO Dara Khosrowshahi said that India is one of the most challenging markets for growth during a chat with Infosys co-founder Nandan Nilekani in Bengaluru. Acknowledging the difficulties that his company faces, Dara Khosrowshahi said, "India is one of the toughest markets out there; they are so demanding and do not pay for anything. Uber's potential membership could boost …

India's Ola Electric ventures abroad, to enter Nepal next quarter
2 years, 3 months ago

India's Ola Electric ventures abroad, to enter Nepal next quarter

The Hindu  

SoftBank Group-backed Ola is looking to take its e-scooters global, starting with Nepal, as it seeks to tap into a growing international market for electric vehicles. Ola Electric, valued at $5 billion, has made inroads into India's EV market with over 80,000 electric scooters. "Ola is committed to creating the EV paradigm for the rest of the world by building …

The Journey of Ola Electric: How a Start-up Became a Leader in India's Electric Revolution
2 years, 4 months ago

The Journey of Ola Electric: How a Start-up Became a Leader in India's Electric Revolution

News 18  

As India celebrates its 75th Independence Day, there’s a lot to cherish that has happened during this time. A key player in this transformation has been Bhavish Aggarwal-led Ola Electric and on the 74th Independence Day of India, which is during the same time as now but last year, the company presented its first ever electric scooter to the world …

Ola and Uber merging? Here is what we know so far
2 years, 5 months ago

Ola and Uber merging? Here is what we know so far

India Today  

Ola CEO Bhavish Agrawal has refuted reports of a possible merger with Uber. But a report stated that Agrawal met with the top executives of Uber in San Francisco, to discuss a possible merger with Uber in India. Ola CEO Bhavish Agrawal rubbished the Economic Times report that talked about the possible merger between two companies. Uber sold its food …

Ola all set to launch the Ola scooter in India
3 years, 6 months ago

Ola all set to launch the Ola scooter in India

India Today  

In a rather interesting turn of events, chairman and Group CEO of Ola, Bhavish Aggarwal took the Ola scooter out for a spin. Ola scooter Quite simply electric is the way forward and Ola is all set to disrupt the electric two-wheeler segment with the launch of Ola scooter. However, the Ola scooter began life as the Etergo Appscooter made …

Ola electric scooter revealed for India, to be rolled out from new Ola FutureFactory
3 years, 10 months ago

Ola electric scooter revealed for India, to be rolled out from new Ola FutureFactory

India Today  

Last year, Ola Electric signed MoU with the Tamil Nadu government for an investment of Rs 2,400 crore in setting up its first 500-acre site in the Krishnagiri district of Tamil Nadu, called Ola FutureFactory, which upon completion, will create 10,000 jobs. Now, Ola Electric released the first teaser images of its stunning electric two-wheeler which boasts a seamless design, …

Ola Announces Partnership With Siemens to Build Upcoming EV Manufacturing Facility in Tamil Nadu
3 years, 11 months ago

Ola Announces Partnership With Siemens to Build Upcoming EV Manufacturing Facility in Tamil Nadu

News 18  

Ola, one of the leading mobility companies in the world, today announced that it has partnered with Siemens as it looks to rapidly build its upcoming electric vehicle manufacturing facility. Ola will have access to Siemens’ integrated Digital Twin design and manufacturing solutions to digitalize and validate product and production ahead of actual operations. The factory will be AI-Powered with …

Ola Announces Plans to Set up World's Largest Electric Scooter Factory in Tamil Nadu
4 years ago

Ola Announces Plans to Set up World's Largest Electric Scooter Factory in Tamil Nadu

News 18  

Indian ride-hailing firm Ola, backed by Japan’s SoftBank Group, said on Monday it planned to invest Rs 24 billion to set up a factory in the southern state of Tamil Nadu to produce electric scooters. The plant will have an initial annual capacity to produce two million scooters and will create nearly 10,000 jobs, Ola said in a statement, as …

Ola to Invest Rs 2,400 Crore in Tamil Nadu, Will Set Up Largest Electric Scooter Factory
4 years ago

Ola to Invest Rs 2,400 Crore in Tamil Nadu, Will Set Up Largest Electric Scooter Factory

News 18  

Ride-hailing platform Ola on Monday said it has inked an agreement with the Tamil Nadu government to invest Rs 2,400 crore for setting up its first electric scooter factory in the state. Upon completion, the factory will create nearly 10,000 jobs and will be the world's largest scooter manufacturing facility that will initially have an annual capacity of 2 million …

Ola announces world's largest scooter factory in Tamil Nadu
4 years ago

Ola announces world's largest scooter factory in Tamil Nadu

India Today  

With an aim to make India a manufacturing hub for electric vehicles, Ola signed the MoU with the Tamil Nadu government for an investment of Rs 2,400 crore in setting up its first factory in the state. Upon completion, the factory will create almost 10,000 jobs and will be the world’s largest scooter manufacturing facility, which will initially have an …

Ola in talks with various state govts to start e-scooter manufacturing in India
4 years, 2 months ago

Ola in talks with various state govts to start e-scooter manufacturing in India

India TV News  

Ola is in talks with various state governments to set up India's largest e-scooter manufacturing plant, according to sources. Sources close to the development said Ola Electric, the EV arm of the ride hailing company, has been engaging with state governments, including Karnataka, Tamil Nadu, Andhra Pradesh and Maharashtra, to set up an e-scooter manufacturing plant with an annual capacity …

Uber vows to tackle losses, with help from India
5 years, 2 months ago

Uber vows to tackle losses, with help from India

Live Mint  

Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi vowed to get his company to profitability while pursuing growth from emergent arenas such as India, addressing investors’ concerns about the ride-sharing company’s mounting losses and global regulatory challenges. It was a profitable company with significant cash flows,” Khosrowshahi said at Uber’s engineering center in Bangalore, which was decked out with oil …

Ola rolls out self-drive cab services in Bengaluru. Know fare, safety features
5 years, 2 months ago

Ola rolls out self-drive cab services in Bengaluru. Know fare, safety features

India TV News  

In a good news for those who do not own a car in Bengaluru, ride-hailing major Ola on Thursday launched its self-drive cab rental service "Ola Drive". A new option of Ola Drive will be seen on the Ola app and the service is being rolled out for users in Bengaluru through pick-up stations located across different residential and commercial …

Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front
5 years, 3 months ago

Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front

Firstpost  

Srivastava also pointed out that India’s auto sector had seen its best growth in the 7-8 years that Uber and Ola came into existence. This week, Maruti Suzuki’s executive director — marketing & sales, Shashank Srivastava, responded claiming India’s ownership patterns had not really changed and people were still buying cars with an ‘aspirational aspect’. He also pointed out that …

Ola is taking on Uber in its biggest market outside the Americas
5 years, 6 months ago

Ola is taking on Uber in its biggest market outside the Americas

CNN  

London CNN Business — Indian ride-sharing service Ola is preparing to go up against Uber in one of the company’s most lucrative markets: London. London is one of five global cities that account for nearly a quarter of Uber bookings, along with Los Angeles, New York City, San Francisco and São Paulo. While its fares will be comparable to Uber’s …

Ola Electric races to unicorn status with $250-million fundraise from SoftBank
5 years, 6 months ago

Ola Electric races to unicorn status with $250-million fundraise from SoftBank

Live Mint  

Bengaluru: Ola Electric Mobility Pvt. Ola Electric, incorporated in February 2017, was a wholly-owned unit of ANI Technologies until March, when Tiger Global and Matrix Partners India made a ₹400 crore investment in the company. The new infusion of funds into Ola Electric is expected to help the firm reach its goal of introducing one million electric vehicles on Indian …

Uber’s real London threat is Ola, not Bolt: Morgan Stanley
5 years, 6 months ago

Uber’s real London threat is Ola, not Bolt: Morgan Stanley

Live Mint  

India’s Ola remains the main potential threat to Uber Technologies Inc.’s dominance in the London ride-sharing market, despite this month’s return of the rival Bolt service to the UK capital, Morgan Stanley analysts say. Ola, owned by ANI Technologies Pvt, has said it will take on Uber in London before the end of the year, while Daimler AG-backed Bolt, formerly …

Ola plans to set up technology centre on rival Uber’s home turf of San Francisco
5 years, 6 months ago

Ola plans to set up technology centre on rival Uber’s home turf of San Francisco

Live Mint  

Bengaluru: Ride-hailing platform Ola on Thursday said it plans to set up an Advanced Technology Center in San Francisco with more than 150 engineers to help ramp up its engineering and development operations. San Francisco is the home turf of arch-rival Uber Technologies Inc. With a sole focus on development of new tech capabilities and innovation in urban mobility, the …

Govt plans to order taxi aggregators like Uber, Ola to convert 40% fleet of cars to electric by April 2026
5 years, 7 months ago

Govt plans to order taxi aggregators like Uber, Ola to convert 40% fleet of cars to electric by April 2026

Firstpost  

India plans to order taxi aggregators like Uber and Ola to convert 40 percent of their fleet of cars to electric by April 2026, according to a source and records of government meetings to discuss new rules for clean mobility New Delhi: India plans to order taxi aggregators like Uber and Ola to convert 40 percent of their fleet of …

4-wheeler EV adoption to take time, to focus on two and three-wheelers: Ola
5 years, 7 months ago

4-wheeler EV adoption to take time, to focus on two and three-wheelers: Ola

Live Mint  

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 …

Ola in talks with Audi, Mercedes for self-drive subscription services: Report
5 years, 8 months ago

Ola in talks with Audi, Mercedes for self-drive subscription services: Report

Live Mint  

New Delhi: Ride-hailing platform Ola is in discussions with luxury carmakers, including Audi, Mercedes and BMW, to launch a subscription-based service under its self-drive offering, according to sources. According to sources privy to the development, 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 …

Opinion | Uber’s IPO filing affirms a dangerous business model
5 years, 8 months ago

Opinion | Uber’s IPO filing affirms a dangerous business model

Live Mint  

Last week, in Delhi, I took an Uber cab to the airport from my home, a distance of about 14 kilometres. In Uber Eats, for instance, which has declined for two successive quarters, it is forced to accept a lower rate of revenue to gross bookings, to bring on board what it calls “large-volume restaurants at a lower service fee …

Ola plans to take on Uber in London
5 years, 9 months ago

Ola plans to take on Uber in London

Live Mint  

London: Ola, Uber Technologies Inc.’s biggest rival in India, said it will take on the ride-hailing giant in London before the end of the year after launching in five smaller U.K. cities. The Bangalore-based startup commenced operations in Liverpool last month, having established its first European business in Cardiff in August and later added Bath, Bristol and Exeter. Managing Director …

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