Articles tagged “ola”

SoftBank Is In for Long Haul With Massive Ridehailing Bet

SoftBank Is In for Long Haul With Massive Ridehailing Bet

Pavel Alpeyev, Bloomberg

SoftBank founder Masayoshi Son is a big believer in Uber, and the company's upcoming initial public offering will make him and his company richer. But it sounds like he's thinking about the more lucrative rewards further down the line.

7 months ago

Ola Pushes for a Million Electric Vehicles on India’s Roads by 2021

Ola Pushes for a Million Electric Vehicles on India’s Roads by 2021

Saritha Rai, Bloomberg

Making this push toward electric ridesharing vehicles might be expensive, but it could really help improve the air quality in the world's second-most populous country.

2 years ago

Uber Plans Expansion in Japan Despite Withdrawal Talk

Uber Plans Expansion in Japan Despite Withdrawal Talk

Giles Turner and Yoolim Lee, Bloomberg

Uber's expansion into Japan might irritate SoftBank, but Uber needs to start making real money. That $1.5 billion loss in the third quarter of 2017 was a big one.

2 years ago

India’s Ridesharing Leader Ola Begins Push Into Australia

India’s Ridesharing Leader Ola Begins Push Into Australia

Saritha Rai, Bloomberg

Ola will compete with Uber for the Australian ridesharing market, although the two may one day consolidate operations to better compete against Grab since Softbank backs both players.

2 years ago

Bangalore Cracks Down on Surge Pricing, Seizes Uber and Ola Cars

Bangalore Cracks Down on Surge Pricing, Seizes Uber and Ola Cars

Saritha Rai, Bloomberg

Competition in India has led to massive price swings, from free rides to surge pricing that makes New Year's Eve in New York look like bargain fares. Apparently authorities aren't having it anymore.

4 years ago

Uber, Ola Face Off in Battle For India’s Booming Taxi Market

Uber, Ola Face Off in Battle For India’s Booming Taxi Market

Nirmala George, Associated Press

It's difficult for foreign companies to scale across Asia and Uber has found that out the hard way as mobile ride-booking preferences and behaviors have wide variations from country to country.

4 years ago

Uber Accuses India’s Ola Cabs of Uber-Like Dirty Tricks

Uber Accuses India’s Ola Cabs of Uber-Like Dirty Tricks

Saritha Rai, Bloomberg

The best competition in the on-demand car world is happening in Asia. And if Uber is being out-Ubered by a rival there's cause for worry.

4 years ago