Uber and its Indian rival Ola denied on Friday a previous report by Economic Times, which stated they were negotiating a merger.
"That report is inaccurate. We are not, nor have we been, in merger talks with Ola," said Uber in a statement.
Ola's CEO Bhavish Aggarwal said on Twitter that the...
Indian ride-sharing company Ola Electric Mobility Pvt. Ltd. announced on Wednesday it entered a definitive agreement to acquire electric scooter company Etergo.
"I am very excited to welcome ... the entire Etergo team to Ola Electric and look forward to working closely with them to build...
Ride-hailing company Ola has announced it launched its ride-hailing services in the UK capital on Monday, amid threats that have been looming around its competitor Uber of being banned. Both firms count on Japan's SoftBank as a common investor, and although they both are using similar apps, Ola...
More than 10,000 private hire vehicle (PHV) drivers in London completed the registration on the Ola platform for OlaCabs brand ahead of the launch of its services in the United Kingdom's capital, the ride-hailing company announced on Tuesday. Ola will enable the drivers to enjoy 0% commission in the...
Indian ride-hailing platform Ola announced on Tuesday that it started employing drivers for its soon-to-come operations launching in London, after the operating license for the United Kingdom's capital was granted by the Transport for London in July.
According to the company's press release, over...
ANI Technologies Pvt. Ltd. said on Thursday that its flagship ride-hailing transportation system received approval from Transport for London, the Financial Times reported. Ola Cabs' operator, based in India, revealed the license is for private hire vehicles and that the service in the format may...
Japanese conglomerate SoftBank Group Corp. invested $250 million in Indian startup Ola Electric, media reported on Tuesday.
The Series B financing round valued Ola Electric at $1 billion, according to a source familiar with the matter. This would make it India's newest unicorn, or startup with a value...
Hyundai Motor Co. and Kia Motors Corp. will invest a total of $300 million in ride-hailing company Ola, the companies announced in a press release on Tuesday.
The investment, which will be Hyundai and Kia's largest combined investment to date, will see the three companies collaborate extensively...
ANI Technologies Pvt. Ltd.'s Ola Cabs announced on Tuesday Sachin Bansal, co-founder of the e-commerce firm Flipkart, invested approximately $92 million into the ride-hailing company.
Bansal's investment is a part of Ola's ongoing Series J financing round which is expected to raise $1 billion,...
Negotiations about a tieup between the two largest ride-hailing companies in India, facilitated by common and major stakeholder SoftBank Group Corp., have lasted for months and were recently intensified, the Business Standard wrote on Wednesday. Citing unnamed people familiar with the matter, the...
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