Ola which is a ride-hailing company has today announced that they have acquihired Pikup.ai, an artificial intelligence startup based out of Bangalore, India and aims to develop deep tech solutions for mobility. As part of the deal, the team at pikup.ai will join Ola.
According to OLA, with this acquihiring, it will deliver innovations that continue to improve safety and transform the customer experience. The application of machine learning and AI will enable the company to identify deep insights that can lead to improved mobility outcomes and this will also include investments in early-stage businesses, acquisitions as well as acquihires across AI, Machine Learning, Computer Vision and other emerging areas of deep technology.
Ola had also announced its intent to set up an Advanced Technology Centre in the San Francisco Bay area, to focus on developing next-generation technologies in mobility like Electric, Connected and Autonomous Vehicles.
In related news, Ola recently launched its credit card in partnership with SBI.
Commenting on this, Ankit Bhati, Co-founder & CTO, Ola said:
As we advance on our mission to build mobility for a billion people, we are investing in futuristic technology solutions that will shape the future of mobility in India and the world. We are very excited to welcome the Pikup.ai team to Ola and we look forward to co-creating innovative technology that will help redefine the mobility experience in the times to come.
Inder Singh, Co-founder Pikup.ai said:
Ola is one of the world’s most admired mobility platforms and has pioneered many innovations in mobility and beyond in such a short span of time. We are looking forward to joining Ola on its mission to build mobility for a billion people and are very excited about building meaningful technology solutions that have a deep impact on the lives of millions, every single day.