Report: Indian ride sharing platform Ola in talks with Microsoft for $200 million investment

Back in 2017, Indian ride-sharing platform Ola announced that it is building a new connected vehicle platform for car manufacturers worldwide using Microsoft Cloud. Ola also announced that Microsoft Azure and its IoT services will power Ola Play, its existing connected car platform. Microsoft and Ola also also mentioned that they have plans to build superior safety features and advanced driver assistance services in the future.

Today, Indian newspaper Economic Times reported that Ola is in talks with Microsoft for a $200 million investment. According to ET, the discussions between the two companies are at an advanced stage and likely to be closed in the next 10-15 days.

Ola is the largest ride sharing platform in India and it recently entered the UK, Australia and New Zealand markets. In total, Ola has about 200 million riders worldwide. Recently, Ola announced its plans to setup a research unit in Bay Area for connected cars and e-vehicles. My guess is that the reported $200 million investment from Microsoft might be used to setup this research unit.

Source: ET