Elon Musk’s SolarCity has been accused of intellectual property theft by Cogenra Solar, a wholly owned subsidiary of SunPower Corporation, and Khosla Ventures. In a lawsuit filed in San Francisco on Monday, the parties accused SolarCity of gaining undue advantage of Cogenra’s Shingling technology that helps in manufacturing high-efficiency commercially viable solar panels. SolarCity and […]
Within weeks of firing about 700 employees of its TaxiforSure operations, cab aggregator Ola has now sacked close to 250 people from its own workforce citing non-performance and other issues. The move comes as the Bengaluru-based firm is locked in an intense battle with global rival Uber in the Indian market. “An annual attrition of […]
Witworks Consumer Technologies today said it has received an undisclosed amount of seed funding led by Fireside Ventures, Investopad and executives from Ola, Oyo Rooms and ITC. The consumer technology company will use the funds for development and launch of Blink a wrist-wearable platform designed to provide access to contextual information and services on the […]
ANI- Taxi aggregator Ola, which acquired rival TaxiForSure a little over a year ago in a USD 200 million (roughly Rs. 1,240 crores) deal is now reportedly shutting down TaxiForSure as a separate offering, laid off 700 employees and integrating its fleet a report stated here today. “The TaxiForSure (TFS) value proposition as an economy […]
Taxi aggregator Ola has launched a new category to rent taxis called Ola Rentals to simplify intra-city travel with hourly packages across Ola Lux, Ola Prime (Sedan and SUV) and Ola Mini. Ola Rentals is available in 35 cities and will soon be rolled out in 100 cities across India, the company said in a […]
Didi Chuxing’s acquisition of Uber’s China business last week reshapes the landscape in Asia’s growing ride-hailing sector, and leaves India’s Ola more vulnerable to attack by Uber in its $12 billion home market. Four months ago, Ola executives met with Didi hoping the Chinese firm would invest fresh capital to help it fight Uber Technologies […]
Tesla Motors Inc and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said. The two companies, which count billionaire Elon Musk as a major shareholder, are in the final stages of carrying out due diligence on […]
Ola’s global partner Lyft Inc. now ready to open up outside its home US. The second-largest US ride-hailing company will “very likely” expand to other countries, said John Zimmer, the president and co-founder of Lyft. Against its rival Uber, Lyft has so far focused only on US, while Uber expands in several countries of the […]
Taxi hailing app Ola has signed an agreement with Haryana government to create over 10,000 entrepreneurs in the state with an investment of Rs 350 crore over the period of five years, the company said today. “We are proud to partner with the Haryana government to create more than 10,000 entrepreneurship opportunities across the state. […]
The Karnataka High Court today extended till June 23 its interim order directing the state transport department not to seize cabs affiliated to Ola and Uber for allegedly plying without licence, and restraining cab aggregators from demanding surge price from commuters. Extending the interim order, Justice Aravind Kumar said “since the date of the interim order ends today, […]
Ola, one of India’s most popular mobile app for transportation, on Friday announced the launch of a first of its kind mobile technology solution with its new ‘Ola Operator’ app – built for entrepreneurs who have grown from one car to many on the Ola platform over the years, as well as operators who own […]
Country’s largest taxi aggregator Ola, which recently launched a riding offer at as low as Rs 6/km, today introduced luxury service Ola Lux in the city, under which a rider can choose from a slew of luxe cars. The company said under the new scheme, a passenger can book a Jaguar, Merc, Audi, BMW, Fortuner, […]