India currently has 1.5 million battery-powered, three-wheeled rickshaws, while close to 11,000 new e-rickshaws hit the streets every month. Annual sales are expected to increase 9 percent by 2021, according to Rahul Mishra, a principal at A.T. Kearney. Three-wheeled vehicles are a $1.5 billion market, and in India they are...
Ola Claims 75% Market Share of India's Urban Taxi Services
India's Bangalore-based transport aggregator Ola said that because of its India-specific innovations such as offline booking and local language apps, the company "effectively holds over three-fourth market share", reports the Economic Times. COO Pranay Jivrajka told the Press Trust of India that the focus of a business needs to be...
India's Ola Cabs to Feature Apple Music
Ola, the online transportation network company based in Bangalore, India, has partnered with Apple to provide Apple Music as part of its customers' in-cab experience, and as a component of its platform called Ola Play. Sony, Qualcomm and Audio Compass are also part of the same platform. When passengers book an...
Ola India Gets Another $500 Million Investment
Led by new investor Baillie Gifford and existing backers, Falcon Edge, Tiger Global, SoftBank Group, DST Global along with strategic investor Didi Kuaidi (a China-based rival of Uber), Ola India acquired its F round of funding for $500 million. The company said that it would use the new capital to...
Moving to India? Remember These Tips…
Living in India is balancing modernity with traditional ideas and practices according to the website Expat Focus. You will also find differences in the ways of life in the metros such as New Delhi and Chennai and the tier I cities like Pune, Hyderabad, Ahmedabad, which are also quite different...