Ola

Ola’s MoveOS is one of the most advanced software platforms for scooters that the company has upgraded every year to future proof the vehicles for its customers and enrich their riding experience. New Delhi: Ola Electric, India’s largest EV manufacturer, Thursday announced the countrywide rollout of the Move OS4 with a slew of new and improved features.The rollout will see all Ola customers receive over-the-air (OTA) upgrades that will unlock the true potential of their…

Ola is set to go for its IPO soon, which will make it India's first EV IPO. Ola Electric faces some major challenges, including lukewarm market interest in start-ups, high employee turnover, heightened competition from established manufacturers, and the expiration of government subsidies…

Ola Electric Mobility Pvt., founded by Bhavish Aggarwal, has made a significant move by filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). This development positions Ola Electric as the first electric vehicle (EV) company to go public in India, marking a historic moment in the country’s automotive landscape. The IPO comprises a dual offering, featuring fresh shares and an offer for sale. The fresh issue component is valued at Rs…

Over the past 12-15 months, several new ride-hailing apps have mushroomed in India in segments such as cabs, autorickshaw and bike taxis. The emergence of these apps and tackling the competition have become a matter of routine management discussions within incumbent operators Uber and Ola, said people in the know.New apps such as InDrive, Namma Yatri, Yaary, BluSmart and Rapido (in the cabs segment) are primarily looking to address gaps left by the larger players in terms of customer service and driver-partner…

India’s Ola Electric seeks to raise $661.8 million by selling new shares in an initial public offering, the six-year-old Bengaluru-headquartered startup said in draft papers filed with the country’s market regulator on Friday. The paperwork for the initial public offering follows Ola Electric raising $384 million from Temasek and Indian government-backed lender State Bank of India in a debt-heavy funding round in late October. The startup, which has raised nearly $1 billion over the years, was valued at $5.4 billion…

Ola Electric has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), becoming the first electric vehicle (EV) startup to go for an IPO. The electric scooter maker is looking to raise up to Rs 5,500 crore through a fresh issue, apart from an offer-for-sale (OFS) component of 95.2 million shares. The company is eyeing a $7-8 billion valuation through the public offering, ET had reported earlier, citing bankers.The company’s founder and CEO Bhavish Aggarwal will sell up to…

Bengaluru, India – In a surprising move that reflects the entrepreneurial spirit of the city, a Bengaluru cab driver, identified only as “Mr. Lokesh” has entered the competitive ride-hailing market by launching his own app, “Nano Travels.” The announcement was made through a tweet by a user who personally experienced Lokesh’s service. According to the tweet, “Nano Travels” already boasts an impressive fleet of over 600 drivers, a notable feat given the dominance of industry giants Uber and Ola in…

Aggarwal, thus, joins the growing ranks of Indian companies that are building large language models (LLMs) trained on Indian languages. The companies include Bhashini–a unit of the national language translation mission by the ministry of electronics and information technology (Meity); Tech Mahindra’s Indus project; AI4Bharat at IIT-Madras; Project Vaani–part of the Bhasha AI project of ARTPARK and the Indian Institute of Science’s pan-India language initiatives; Sarvam AI’s OpenHathi series; and…

Krutrim, an artificial intelligence firm started by Ola founder Bhavish Aggarwal, on Friday announced its large language model (LLMs) in two formats.While the company opened registrations for the base format, Krutrim, at the event Friday, it will be available to the public by January, Aggarwal said. The more sophisticated Krutrim Pro with vision, speech, and task execution capabilities will be available in the “next quarter”, he added.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

In a week filled with technological advancements and announcements, several…