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    TREND | 23 Jun 2023
    Temasek to lead Ola Electric's $350 mn fundraising round
    Temasek to lead Ola Electric's $350 mn fundraising round
    livemint
    The deal could value Bhavish Aggarwal-led Ola Electric to $6 billion, 20% higher than the $5 billion valuation it secured in the last funding round in early 2022
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    TREND | 22 Jun 2023
    Uber to lay off 200 employees in recruitment division to streamline costs
    Uber to lay off 200 employees in recruitment division to streamline costs
    Business Standard
    The ride-hailing company laid off 200 employees in its recruitment division as another measure to streamline costs. The layoff represents 1 per cent of its global workforce.
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    Uber Technologies to lay off 200 employees in its recruitment division
    Business Standard | 22 Jun 2023 2 more
    Layoff drive: Uber to sack 200 employees from its recruitment division
    livemint | 22 Jun 2023
    Uber to lay off 200 employees in recruitment division
    Moneycontrol | 22 Jun 2023
    M
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    TREND | 21 Jun 2023
    Ola commences construction of its 100GWh gigafactory at Tamil Nadu facility
    Ola commences construction of its 100GWh gigafactory at Tamil Nadu facility
    Business Standard
    Electric vehicle company Ola on Wednesday said it has commenced construction of its 100 GWh gigafactory at its manufacturing facility in Tamil Nadu. The company has installed the first pillar of its cell factory in Krishnagiri, Tamil Nadu today. A gigafactory is a facility where equipment and components related to electrification and decarbonisation technologies are manufactured. In February, Ola signed a memorandum of understanding with the Tamil Nadu government committing investments of Rs 7,614 crore for manufacturing electric cars, two wheelers and lithium cell gigafactories in the state. Spread across 115 acre, the Ola Gigafactory is expected to commence operations by early next year with an initial capacity of 5 GWh (Giga Watt hours). It would be scaled up to 100GWh in phases, a company statement said. On commencement of operations at full capacity, it is claimed that the factory would be one of the world's largest cell manufacturing facilities. "This is a proud moment for
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    TREND | 20 Jun 2023
    Riding your 2-wheeler without a helmet? Ola's upcoming tech won't allow it
    Riding your 2-wheeler without a helmet? Ola's upcoming tech won't allow it
    Business Standard
    Ola is not the only company making advances in this technology. TVS also recently announced that it was working to build a camera-based helmet reminder system
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    TREND | 16 Jun 2023
    Uber to cease food delivery in Italy, exit Israel
    Uber to cease food delivery in Italy, exit Israel
    Business Today
    The moves were "in line with our efforts to focus on markets where we have opportunities for sustainable growth", a company spokesperson said.
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    TREND | 15 Jun 2023
    Uber India's EV lead Kapil Sharma joins cab aggregator Evera as COO
    Uber India's EV lead Kapil Sharma joins cab aggregator Evera as COO
    livemint
    Kapil intends to enhance the service reliability of Evera's EV cabs by leveraging the power of technology. He will build on Evera's current processes to enable tech and employees to work in tandem.
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    TREND | 14 Jun 2023
    Uber's India-based Eats Engg team enables voice order tracking via Alexa
    Uber's India-based Eats Engg team enables voice order tracking via Alexa
    Business Standard
    Uber's efforts to make every product on its platform user-intuitive have yielded several innovations over the years from its India-based engineering teams spread across Hyderabad and Bengaluru
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    TREND | 14 Jun 2023
    Everest Fleet raises $20 mn to build capacity in Uber-led funding round
    Everest Fleet raises $20 mn to build capacity in Uber-led funding round
    Business Standard
    Firm operates in shared mobility space, is a partner to top ridesharing companies such as Uber and Ola, plans to add 10,000 EVs to existing fleet
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    Everest Fleet raises $20 mn led by Uber, to expand operations, supply pool
    Business Standard | 14 Jun 2023
    M
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    TREND | 13 Jun 2023, 02:37PM
    Authorities to impound bike taxis if Uber, Ola do not comply with Delhi ban
    Authorities to impound bike taxis if Uber, Ola do not comply with Delhi ban
    Business Standard
    India's top court on Monday backed the city government's ban on bike taxis in a setback for U.S. ride-hailing company Uber which had legally challenged authorities to continue offering the services
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    TREND | 11 Jun 2023
    Uber gears up for an electric vehicle future amid rising competition
    Uber gears up for an electric vehicle future amid rising competition
    Business Standard
    It has drawn up plans to include more electric vehicles in its fleet by tying up with manufacturers, fleet owners and charging stations
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