Page 3 - Ola

Karnataka HC refuses to stay halt on bike taxis; services to stop June 16

The Division bench of the High Court declined to stay its April order halting bike taxi operations, after the government said it had decided not to legalise the service under existing rules

Krutrim looks to go beyond chatbots with 'first of its kind' Kruti

India's first agentic AI, Kruti, launched by Bhavish Aggarwal's Krutrim, can book cabs, pay bills, generate images and support 13 Indian languages using a localised LLM

Ola Electric begins deliveries of Roadster X electric motorcycles

Ola Electric on Friday said it has commenced deliveries of its Roadster X portfolio of motorcycles, along with offers worth Rs 10,000 for the first 5,000 customers. The prices of the Roadster X series start at Rs 99,999 for the 2.5kWh variant, Rs 1,09,999 for the 3.5kWh variant, and Rs 1,24,999 for the 4.5kWh model, the company said in a statement. Roadster X+ 4.5kWh is priced at Rs 1,29,999, while the Roadster X+ 9.1kWh (with 4680 Bharat Cell) that has a range of 501 km/charge, is priced at Rs 1,99,999, it added. "The Roadster X is a bold leap, marking our entry into the motorcycling segment. The Roadster X is designed, engineered, and built in India, for a generation that wants to ride the bike of the future," Ola Electric Chairman and MD, Bhavish Aggarwal, said. With deliveries starting today, the Roadster X would unlock the true potential of EVs in the two-wheeler category, accelerating EV adoption and penetration, he added. Ola Electric said the first 5,000 customers will g

Uber gets CCPA notice for dark pattern; Rapido, Ola also under watch

CCPA issues notice to Uber for its advance tip feature as government widens probe into dark patterns in ride-hailing apps including Rapido and Ola

CCPA issues notice to Uber over unethical 'advance tip' feature

Consumer Affairs Minister Prahlad Joshi says tipping must be voluntary and post-service; Uber's advance tip feature nudges users to pay before ride begins

After techie's death, police summon Ola Krutrim manager in probe

Nikhil Somwanshi, a recent IISc graduate who joined Krutrim less than a year ago, allegedly died by suicide on 8 May amid reports of high-pressure work environment

Krutrim techie's 'suicide' raises question over workplace culture

Allegations of verbal abuse and excessive workload emerge after the suicide of Ola Krutrim engineer Nikhil Somwanshi, prompting scrutiny of the company's work culture

Ola to consolidate brand IPs to streamline governance, rejig structure

Ola Group is reorganising its corporate structure by establishing a holding company to consolidate its brand intellectual property (IP) assets, aiming to streamline internal ownership arrangements. The move is aimed at eliminating intra-group cross-holdings and simplifying internal ownership structures, according to people familiar with the matter. The move follows Ola Electric's public listing last year and will be carried out through a newly formed entity under the control of the founder's family office. Ola's operations currently span mobility, electric vehicles, energy, and artificial intelligence, positioning it as India's only well-diversified technology conglomerate with businesses cutting across key sectors of the new economy. ANI Technologies, which operates the group's ride-hailing business, holds the brand IP and has licensed it to electric vehicle manufacturer Ola Electric. The move has triggered concerns among some investors who worry that they could be cut out of fut

Ola Group leads innovation race, holds over half of unicorns' patents

Ola Group, spanning ride-hailing, electric vehicles, and AI, now holds over 50 per cent of all patents filed by India's 117 unicorns. India's unicorns collectively hold only 229 patents, with Ola Group owning more than half, according to data from the Indian Patent Advanced Search (IPAS) System. In a recent post on X (formerly Twitter), Ola Founder Bhavish Aggarwal shared, "Happy that Ola group @OlaElectric @Olacabs and @Krutrim have half of all granted patents for all Indian unicorns put together. Not happy with our number of 650 applied patents though. We will accelerate much much more in coming years!" Sources close to Ola confirmed that the group has filed over 650 patent applications, with 180 already granted. This includes filings by Ola Electric, Ola Consumer, and Krutrim, with Ola Electric accounting for the lion's share of about 70-80 per cent of the total. The report reveals that 101 of India's unicorns have filed zero patents, spotlighting a heavy tilt in the startup ...

Ola's AI arm Krutrim cuts fundraising target by $200 mn amid low interest

Bhavish Aggarwal's AI venture Krutrim has reduced fundraising target from $500 million to $300 million, as broader investor interest appears to be tepid

Ola's February sales added e-motorbikes which haven't even hit the road yet

Ola Electric Mobility Ltd. counted its yet-to-be launched electric motorcycles and e-scooter bookings in its February sales number

Ola Electric settles dues with Rosmerta Group, NCLT pleas withdrawn

On Tuesday, Ola Electric announced that all outstanding dues have been amicably settled, resulting in Rosmerta filing for the withdrawal of the insolvency petitions from the NCLT

Ola, Uber drivers in Hyderabad begin 'No AC' protest today. Here's why

Cab drivers in Hyderabad have launched a 'No AC' protest today, demanding fairer fares from Ola, Uber, and Rapido to offset rising fuel and maintenance costs

Ola Electric denies regulatory issues, attributes low sales to backlog

Media reports claimed Ola Electric was under scrutiny as the Heavy Industries Ministry probes a gap between its reported February sales of 25,000 scooters and 8,600 Vahan registrations

Ola Electric under govt scanner over sales, registration discrepancies

Ola Electric is under government scrutiny as officials probe a major gap between its reported sales of 25,000 scooters and 8,600 actual registrations in February

Ola Electric's unit faces 2 insolvency petitions over unpaid vendor dues

Rosmerta Digital Services Pvt. and Rosmerta Safety Systems - suppliers of vehicle registration services and high-security registration plates respectively - have separately filed insolvency pleas

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives

Ola Electric, India's largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle (EV) manufacturer in India to receive incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Component (PLI-Auto Scheme). The company has been granted a total incentive of Rs 73.74 crore for the Determined Sales Value of FY 2023-24 under the scheme, according to a stock exchange filing by the company. The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote the adoption of advanced, clean, and sustainable mobility solutions. Ola Electric's eligibility for the incentive underscores its leadership in India's EV revolution and its commitment to developing a robust local manufacturing ecosystem. "We wish to inform you that, Ola Electric Technologies Private Limited, a wholly-owned subsidiary of Ola Electric Mobility Limited, has

Ola Electric bolsters profitability drive, cuts warehouses, optimises costs

Ola Electric has eliminated its regional warehouses across India, and will now leverage its 4,000 retail stores nationwide for maintaining vehicle inventory, spare parts, accessories, and last-mile deliveries. The strategic move is expected to boost EBITDA margins by almost 10 percentage points, besides improving inventory management and faster customer deliveries, sources directly familiar with the matter said. Ola Electric is redesigning its distribution network and optimizing vehicle registration process as India's largest electric two-wheeler maker chalks out roughly Rs 30 crore monthly savings in an accelerated profitability drive. The company has also renegotiated contracts with vehicle registration agency partners to streamline the process and further reduce costs. While this move temporarily affected the company's registration numbers on the VAHAN portal in February, Ola Electric clarified in a stock exchange filing that actual sales remained unaffected during the ...

Ola Consumer turns Ebitda profitable; revenue declines 21% in FY24

Full-year Ebitda (excluding discontinued operations) grew significantly to Rs 271 crore from Rs 87 crore last year

Ola Krutrim, AceCloud to host DeepSeek's AI models on Indian servers

Indian cloud service providers Ola Krutrim and AceCloud have started offering services of Chinese artificial intelligence platform DeepSeek in the country. AceCloud was the first to announce hosting of DeepSeek. AceCloud said that it will offer DeepSeek AI models to businesses with claims that the data residency will remain in India. Krutrim claimed to be the first Indian AI company to deploy DeepSeek's AI models on domestic servers, eliminating data privacy and security concerns, at lowest ever prices. Krutrim said that it is hosting DeepSeek's AI models on Krutrim cloud. "With this, Krutrim becomes the first Indian AI company to deploy DeepSeek's AI models on domestic servers, eliminating data privacy and security concerns, at lowest ever prices," the company said in a statement. Kriutrim said that it will at present host five state-of-the-art DeepSeek AI models ranging from 8 billion to 70 billion parameters, at introductory prices ranging from Rs 10 to Rs 60 per million token