Indian ride-hailing platform Ola has reportedly announced plans to establish an Advanced Technology Center in San Francisco Bay Area, which is the home ground of its biggest rival Uber, with over 150 engineers in a bid to amplify its engineering and development operations. According to sources familiar with the development, the new facility will develop technology solutions for its electric mobility and connected vehicles unit, and also experiment with autonomous vehicles. Ankit Bhati, Ola’s Co-Founder and Chief Technology Officer, said in a statement that the company is thrilled about launching an Advanced Technology Center in the Bay Area. Company’s electric vehicle arm Ola Electric and the cab-hailing and fleet management division belong to Ola Fleet Technologies. The company’s financial services arm Ola Financial Services provides micro-insurance and online payment products, while Ola Food brand runs dark kitchens, that cater to online food delivery orders only, reported sources.

Source: Mint June 15, 2019 10:52 UTC