Category: Ola
India sets rules for commissions, surge pricing for Uber and Ola
Ride-hailing firms such as Ola and Uber can only draw a fee of up to 20% on ride fares in India, New Delhi said in guidelines on Friday, a new setback for the SoftBank-backed firms already struggling to improve their finances in the key overseas market. The guidelines, which for…
Read More
Ola Electric acquires Etergo, to launch own line of electric two wheelers this year
Ola Electric, the EV business that spun out of the ride-hailing giant Ola last year, has acquired an Amsterdam-based electric scooter startup as the Indian firm looks to locally produce and launch its own line of two wheelers as soon as this year. The Indian firm said Wednesday it had…
Read More
Indian ride-hailing firm Ola cuts 1,400 jobs
Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive…
Read More
Amazon, Flipkart, Ola and Uber begin to resume their services in India
E-commerce firms Amazon, Flipkart, and ride-hailing giants Ola and Uber are partially resuming their services in India after Prime Minister Narendra Modi’s government eased some restrictions late last week to revive economic activity that’s been stalled since the stringent stay-at-home orders were ordered across the country in late March. The…
Read More
Ola opens its tech platform to Indian government to combat coronavirus crisis
As India scrambles to keep its citizens safe from the coronavirus, local ride-hailing giant Ola has stepped up to help. The Indian firm has made its technology platform — which is capable of, among other things, conducting real-time tracking and navigation and managing crowds — available to the federal and…
Read More
Uber, Ola suspend all rides in New Delhi
Uber and Ola have suspended all ride options in New Delhi till March 31, days after temporarily discontinuing shared ride options across the country in a bid to slow the coronavirus pandemic. The firms said the suspension of their services in India’s capital was in compliance with the local state…
Read More