Bhavish Aggarwal

IPO-bound Ola raises USD 500 million via Term Loan B

The Softbank-funded firm is in talks to raise over USD 1 billion in funding through a mix of equity and debt over the next few months as it prepares to launch its IPO next year.

published on : 17th December 2021

Ola acquires GeoSpoc to build next-gen location technology

In a blogpost, he said enhanced geo-spatial services will also go a long way in improving urban planning including road networks, better public transportation and pre-empt congestion spots.

published on : 5th October 2021

Ola electric scooter factory to be largest all-women plant globally: Co-founder

This is the first in a series of initiatives Ola is undertaking to create a more inclusive workforce and provide economic opportunities for women across the board, Bhavish Aggarwal said.

published on : 13th September 2021

Priced at Rs 99,999, Ola rolls out S1 and S1 Pro electric scooters in India: Details here

The S1 gives a top-speed of 90 kmph while the S1 Pro can go up to 115 kmph making it the fastest electric scooter in the world, according to the brand.

published on : 15th August 2021

Ola gets CCI nod for investments by Temasek, Warburg Pincus, founder Bhavish Aggarwal

On July 9, Ola announced that Temasek, Warburg Pincus and Aggarwal have invested USD 500 million (about Rs 3,733 crore), ahead of its proposed IPO.

published on : 13th August 2021

Phase 1 of Ola e-scooter factory nearing completion, says CEO Bhavish Aggarwal

Upon completion, the factory will create nearly 10,000 jobs and is expected to be the world's largest scooter manufacturing facility that will initially have an annual production capacity of 2 million

published on : 26th June 2021

Ola adds entertainment features as competition with Uber mounts

The feature is aimed mainly at attracting business travellers who use mid-sized sedans under Ola Prime.

published on : 22nd November 2016