As part of Ola-GeoSpoke acquisition deal, CEO Dhruva Rajan And his team of geospatial scientists and engineers will join ride-hailing startups to develop technology that will “make mobility universally accessible, sustainable, personalized and convenient”, says Ola CEO Bhavish Aggarwal
said in a blogpost on Tuesday.
He did not disclose the size of the acquisition.
According to Agarwal, accurate and rich maps with high user context should first be available to a population exceeding 100 million users. “Multi-modal transport options will require geospatial intelligence to understand the unique benefits of each option and suggest accordingly,” he said.
He added that maps also need to consider a three-dimensional view of the world as aerial mobility models become more mainstream. Real-time satellite imagery would have to be incorporated to provide a better understanding of road quality.
“Autonomous driving will require HD and 3D maps that will provide better visualization, dynamic real time updates based on road, traffic and weather conditions,” Agarwal said.
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The Ola-GeoSpoke deal comes as the Bengaluru-based startup
watching to launch an initial public offering (IPO) early next year. Ola Electric, the EV branch of the company,
Recently raised $200 million At the $3 billion valuation, on the back of
Bumper sale of your scooters.
The company’s pandemic-stricken ride-hailing business
showing signs of revival. In fact, the gross merchandise value (GMV) of Ola’s taxi business surpassed pre-pandemic levels in August, Agarwal said on September 7. The recovery from the second Covid-19 wave has been three times faster than the first wave of infections last year. , he had said.
hail too
recently entered Used car retailing space through ‘Ola Cars’.