Friday, July 19

Tag: cab

Ola and Mahindra Collaborated For EV Mass Mobility Ecosystem in Nagpur
News

Ola and Mahindra Collaborated For EV Mass Mobility Ecosystem in Nagpur

On Friday, Ola along with Mahindra announced a joint venture programme to build an electric mass mobility ecosystem in Nagpur. Devendra Fadnavis, Chief Minister of Maharashtra, and Nitin Gadkari, Minister of Road Transport, Highways and Shipping, inaugurated the multi-modal electric vehicle project and Ola Electric charging station. This project brings vehicles across different segments and will include – e-cabs, e-buses, e-rickshaws, and e-autos on one platform. A press note sent by the company states that they already have over 100 of Mahindra’s e20 plus vehicles and the rest of the fleet will consist of vehicles sources from other OEMs including Tata Motors, Kinetic, BYD, and TVS amongst others. The electric charging station was unveiled within Nagpur’s airport complex. Ola has al...
Reliance Clarifies No plans to Launch App Based Taxi Service
News

Reliance Clarifies No plans to Launch App Based Taxi Service

Billionaire Mukesh Ambani-led Reliance Industries has no plans to launch an app-based taxi service as the company sees no logic in diversifying into unrelated sectors. It has been speculated for months that Reliance Jio, the company's telecom venture that has created ripples by signing up 100 million customers in just 170 days of launch, will soon launch a taxi service. The company had not commented on the speculations so far but took to the Twitter to deny the foray after an online publication stated that Jio has ordered some 600 cars to "kickstart" the service. A Reliance spokesperson tweeted that the report is "WRONG and DENIED". The company has no plans to get into unrelated diversification , another official explained. Reliance Jio had earlier this week announced a strategic ...
Eyeing on 300 Crore Profit, Indian Railways Will Allow Space For App Based Cab Service
INDIA, News

Eyeing on 300 Crore Profit, Indian Railways Will Allow Space For App Based Cab Service

Encashing the growing demand for application-based cab services, the Indian Railways is all set to provide space for such facility at about 500 major stations, eyeing an annual profit of Rs 300 crores. Railway Minister Suresh Prabhu will unveil the new policy for app-based cab service next month along with providing parking space and kiosks near major stations. The Railways at present earns about Rs 122 crores a year from parking spaces across the country. With the new policy, the national transporter envisages Rs 200 crores more annually from these parking spaces, a senior official said. Though a passenger can still avail Ola or Uber service through the mobile application, allowing a kiosk and adequate parking space near busy stations is expected to ensure good business for the a...
Cleartrip Integrates with Uber API to Offer Local Activities
News

Cleartrip Integrates with Uber API to Offer Local Activities

Online travel and activities platform Cleartrip today said it has partnered with global ride sharing company Uber that will integrate the latter's Application program interface (API) to make contextual local activity suggestions. This integration will also offer seamless Uber ride requests on the Cleartrip platform, a release issued here said. After this integration Uber riders can now discover and book local experiences in their cities. "We are excited to enable a new channel for our product suite through this partnership with Uber. We are sure this will increase the discoverability of our Local product. We have always innovated on customer experience and this will further the cause by taking the local activity right to the users when they most likely need one," Cleartrip Chief Mark...
Ex- Googler Amit Singhal Joins Uber
News

Ex- Googler Amit Singhal Joins Uber

Amit Singhal, the father of google search ranking system now joining Uber as SVP of Engineering. The news itself was published by Amit Singhal on his blog, After 15 wonderful years at Google working on search, I wasn’t sure that I would find an opportunity as exciting or potentially world-changing. But having spent hours with Travis and many others at the company, I can confidently say Uber fits the bill. First and foremost, I am a huge fan of Uber’s product. Like many people, I can’t remember life before you could push a button and have a car show up in minutes. But what’s most exciting to me is the real-world impact this simple idea—push a button, get a ride—is having in cities around the world. Uber’s technology is transforming urban mobility. My children may never need to own ...
Ride-hailing App Grab Raises $750M in Funding Led By SoftBank
FUNDING

Ride-hailing App Grab Raises $750M in Funding Led By SoftBank

Southeast Asian ride-hailing firm Grab said it raised $750 million in a funding round led by investor SoftBank Group, helping it build a warchest to solidify its leading position in the region and head off competition from Uber. Southeast Asia is fast becoming a key battleground for ride-hailing firms thanks to a burgeoning middle class as well as a youthful, Internet-savvy demographic. Grab's announcement comes a few weeks after Uber sold its China operations to bigger domestic rival Didi, an existing Grab investor, and analysts have said Uber may focus its efforts and money elsewhere, such as in Southeast Asia. The company is now valued at over $3 billion, a source familiar with the matter said. Its total capital position had increased to over $1 billion, the company said in a s...
TATA AIG, Paytm to Offer Health Insurance to Cab Drivers
BUSINESS

TATA AIG, Paytm to Offer Health Insurance to Cab Drivers

Tata AIG General Insurance and mobile payments firm Paytm have entered into an agreement to provide cab and auto drivers health insurance plans. This tie-up will enable cab and auto drivers, who are using Paytms digital wallet, to avail cashless health insurance through Tata AIG General Insurance, the private insurer said in a release issued here. Tata AIG General Insurance has designed cashless insurance scheme, as required by Paytm, to provide drivers, quality medical care as per their need and budget. While subscribing to the policy, the existing health condition of drivers will also be covered under this scheme. The new health insurance scheme will cover hospitalisation expenses of up to Rs 50,000. This initiative has already received a good response in Delhi and NCR, with ...
Didi Acquisition of Uber Was Pre-planned, Will Investigate: China
CHINA, News

Didi Acquisition of Uber Was Pre-planned, Will Investigate: China

China's commerce ministry is investigating the planned acquisition by ride-hailing firm Didi Chuxing of U.S. rival Uber Technologies Inc's China unit over anti-monopoly concerns, the ministry's spokesman said on Friday. Shen Danyang told reporters the Ministry of Commerce would look to protect fair market competition and consumer interests in the deal, which will create a roughly $35 billion giant dominating China's car-hailing market. A representative for Uber could not be reached immediately for comment. A Didi spokeswoman said: "We are in communication with the authorities." It is unclear how the investigation could affect Didi's planned acquisition and subsequent integration of Uber's China unit, already the top two players in the market. That had raised monopoly concerns as D...
Taxi Aggregator Uber and Careem Suspend Services in UAE Capital
News

Taxi Aggregator Uber and Careem Suspend Services in UAE Capital

Ride-hailing companies Uber and Careem have suspended services in Abu Dhabi, the capital of the United Arab Emirates, since Saturday and do not know when they can resume operations, they said on Sunday. The National, a UAE newspaper, quoted unnamed sources as saying that as many as 50 drivers for Uber and Careem had been arrested. An Abu Dhabi source familiar with the situation told Reuters some drivers had been detained over violations of regulations but did not specify how many drivers or describe the violations. “This is a temporary suspension and we will let you know of any further updates,” an Uber spokesman in Dubai said via email. He did not respond to questions about the arrests or the reason for the suspension of services. Christian Eid, vice-president of marketing and com...
Ola Shutting Down TaxiForSure, To Integrate Hundreds
News

Ola Shutting Down TaxiForSure, To Integrate Hundreds

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 brand for customers has been seamlessly integrated onto the Ola platform with the launch and rapid adoption of Ola Micro," Ola said in a statement. The development comes at a time when the SoftBank-backed aggregator is looking to reduce its cash burn in comparison to rival aggregator Uber. "TFS has contributed immensely towards Ola Micro's success within a short span of time. Ola Micro has expanded to over 90 cities across India and accounts for the larges...
Ola Launches Intra-city Rental Service With Hourly Packages
News

Ola Launches Intra-city Rental Service With Hourly Packages

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 statement here. It is aimed at servicing Ola Corporate customers and working executives who move from one meeting to the other during the day as well as individuals require the convenience of having a cab on disposal for diverse needs like local sightseeing, or shopping trips, it added. "Launched recently, the (Ola Rentals) category is already growing at a rapid pace and we are now taking it to the next level by introducing it for our customers on the Ola Corporate platform," Ra...
Ola to Invest Rs 350 Crore in Haryana Over 5 Years
News

Ola to Invest Rs 350 Crore in Haryana Over 5 Years

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. To this end, we are planning to invest over Rs 350 crore in Haryana over the next 5 years," Chief Operating Officer, Ola, Pranay Jivrajka said in a statement. Ola will work with the Haryana government to introduce innovative and customised mobility solutions like Ola Auto, Ola Bike, Ola Share and Ola Shuttle across the state. "Ola's commitment to building mobility for citizens, by using mobile technology and by enabling entrepreneurship and skilling, will ...