OLA Electric is all set to launch its new Electric 3-wheeler (EV 3W) by the end of this year. Ola EV 3W has been tentatively named ‘Raahi’ which in Hindi means ‘traveler.’
At the Ola Sankalp 2024 event, billionaire CEO Bhavish Aggarwal candidly admitted to never investing in the stock market, relying on his companies for wealth.
At the BT India@100 Conclave, Ola CEO Bhavish Aggarwal remarked that Elon Musk should explore different ventures instead of competing in the same industries.
Bhavish Aggarwal, CEO of Ola Electric Mobility, who owns 30.02% of the company, is now worth around Rs 21,000 crore as the stock doubled after the IPO.
MapmyIndia CEO Rohan Verma criticized Ola's claim of creating its navigation map, calling it a gimmick. Verma argued that accurate maps need expertise and investment, which Ola lacks, leading to poor map quality.
After MapMyIndia accused Ola CEO Bhavish Aggarwal of copying its data to create Ola Maps, Aggarwal dismissed the claims, calling MapMyIndia "opportunistic" and vowed to respond later.
MapMyIndia sent a legal notice to Bhavish Aggarwal's Ola, accusing it of copying data to create Ola Maps, violating a 2021 license agreement. Ola launched Ola Maps in July, claiming it cut costs from ₹100 crore to zero.
After Google announced a 70% price cut for Google Maps in India, Ola CEO Bhavish Aggarwal mocked this move on social media, calling it "fake generosity".
In a July 8 interview, Ola CEO Bhavish Aggarwal urged Indians to wear kurtas, highlighting their comfort and elegance. He advocated for an India-first corporate culture and greater autonomy in AI.
Bhavish Aggarwal announced on X that Ola Cabs is offering Indian developers one-year free access to Ola Maps via Krutrim. Over ₹100 crore in free credits are available for registered developers.