News: Ola acquihires AI startup Pikup.ai to develop cutting edge mobility solutions

#MergersAndAcquisitions

Ola acquihires AI startup Pikup.ai to develop cutting edge mobility solutions

As part of the deal, the co-founders and employees of Bengaluru-based startup, Pikup.ai, will join the Ola team.
Ola acquihires AI startup Pikup.ai to develop cutting edge mobility solutions

Co-founded by Inder Singh and Ritwik Saikia, Pikup.ai uses autonomous technologies like artificial intelligence, computer vision and sensor fusion to provides seamless AI-powered solutions for businesses. To leverage their technology and capabilities for developing cutting edge mobility solutions, Ola has aquihired Pikup.ai. 

Ola’s expertise in the segment and the availability of rich data, coupled by the application of machine learning and AI, will enable the company to identify deep insights that can lead to improved mobility outcomes. 

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.”

Bhatia added that Ola looks forward to co-creating innovative technology that will help redefine the mobility experience in times to come. 

Inder Singh, Co-founder Pikup.ai, who also joins the Ola team is excited to be associated with a brand that he thinks is one of the world’s most admired mobility platforms. 

“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,” shared Singh. 

Cab aggregator, Ola has been increasing its focus on using advanced analytics and deep technology to build futuristic mobility solutions for India and the world. Earlier this year, Ola announced its intent to set up an Advanced Technology Centre in the San Francisco Bay area as well. With this center it wants to focus on developing next-generation technologies in mobility like Electric, Connected and Autonomous Vehicles. Now with this acquihire, Ola seeks to bring in deep domain expertise into its current team. How Pickup.ai’s acquihire helps Ola in delivering innovations that continue to improve safety and transform customer experience is to look forward to. 

Topics: #MergersAndAcquisitions, Technology

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