Ola acquires Geospoke to make new mobility maps

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New Delhi: Cab platform Ola on Tuesday said it has acquired Geospoke, a leading provider of geospatial services in the country. Ola Founder and CEO Bhavish Aggarwal said that Geospoke scientists and engineers will join Ola to develop technology that will make mobility universally accessible, sustainable and convenient in shared and personal vehicles.

“As shared and individual mobility penetrates deeper to cover 50-100 per cent of India’s population in the coming years, Maps will need to be improved in many ways,” he said.

He added that accurate and rich maps with high user context should first be available to a population exceeding 100 million users.

Led by CEO Dhruv Rajan, GeoSpoke was incubated as an idea at a barista coffee shop in Pune in the summer of 2014.

Today, it continues to double its growth and has moved to a larger facility in Pune. The start-up now has permanent employees outside the UK and has expanded geospatial services to more clients. In the US, it has launched its platform based on geoblockchain.

Autonomous driving will require HD and 3D maps which will provide better visualization, dynamic real time updates based on road, traffic and weather conditions.

“Advanced geospatial services will go a long way in improving urban planning, including road networks, better public transport and pre-emptive congested places,” Agarwal said.

Ola said it has the data and expertise, as well as a vast network of 2,3 and 4W that provide unprecedented geospatial detail.

“We can take this data with new sources such as satellite imagery and visual feeds from our network to create ‘living maps’ that reflect the changing landscape of our world,” the company said.

Last month, EV maker Ola Electric raised more than $200 million led by Falcon Edge, SoftBank and others, with a valuation of $3 billion.

Ola said it will accelerate the development of other vehicle platforms including electric motorbikes, mass market scooters and its own electric car. (IANS)

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