Ola acquires GeoSpoc to build next-generation location technology
The Hindu
The geo-spatial technology will help Indian ride-sharing platform Ola to make mobility more accessible.
Ride-sharing company Ola on Tuesday said it has acquired geo-spatial services provider GeoSpoc, a move that will help the Indian ride-hailing platform develop technologies to make mobility accessible and convenient across shared and personal vehicles.
Ola Chairman and Group CEO Bhavish Aggarwal, in a tweet, said: “New Mobility will require better, newer maps and geospatial services. We’re taking the first step to building these by acquiring @GeoSpoc. Look forward to working with @DhruvaRajan and team to build the future of location services!” He, however, did not disclose the financial details.
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.
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