July 8, 2024, Bangalore :Ola Cabs, India’s leading ride-hailing company, will now use its own Ola Maps instead of Google Maps. CEO Bhavish Aggarwal announced on July 7, 2024, that this change will save the company ₹100 crore every year. This move is a big step toward making Ola more self-reliant and efficient.
Ola Cabs to now use Ola Maps Most Important Information:
Ola Cabs will stop using Google Maps and start using its own Ola Maps. CEO Bhavish Aggarwal shared this news on X (formerly Twitter). This is part of Ola’s plan to save money and depend less on other companies for technology.
Ola Cabs transitions from Google Maps to in-house
Last month, Ola also stopped using Microsoft Azure cloud services. Ola has been working on its own solutions through its AI company, Krutrim, which started in December 2023. In May 2024, Krutrim launched its own cloud services, Krutrim Cloud, which already has 2,500 developers signed up.
Ola Move expected to save ₹100 crore annually:
- New Features Planned: Ola Maps will have street view, NERFs, indoor images, 3D maps, and drone maps, all powered by Krutrim.
- Strategic Shift: The transition from Google Maps to in-house Ola Maps is expected to save ₹100 crore annually. By reducing dependency on third-party technology providers, Ola aims for greater vertical integration and enhanced control over mapping technology and user data.
- Cost Savings: Switching to Ola Maps will save ₹100 crore each year. This move follows the recent exit from Microsoft Azure cloud services, highlighting Ola’s ongoing strategy to develop in-house solutions.
- Website : @maps.olakrutrim.com
New features planned for Ola
- Financial Impact: The shift to Ola Maps will save ₹100 crore annually.
- Development Team: Krutrim, Ola’s AI company, is now a startup unicorn with strong market presence.
- Partnership Duration: Ola used Microsoft Azure from 2017 to 2024.
Ola Maps Analysis:
Ola’s move to use Ola Maps is a smart step toward being more independent and efficient. By creating their own technology, Ola can better meet their needs and keep improving their services quickly.
People in the industry think Ola’s move is a bold step toward more control. Competitors and analysts will be watching this closely as it shows a trend of companies wanting to rely less on others.
The decision to stop using Google Maps and Microsoft Azure came after Bhavish Aggarwal criticized depending too much on other companies. Ola is also researching solid-state batteries for their electric scooters, which they plan to use next year.
“We used to spend ₹100 cr a year but we’ve made that 0 this month by moving completely to our in house Ola maps!” “Check your Ola app and update if needed.”
Ola’s choice to use Ola Maps is a big step in becoming more independent. This change, along with their new cloud services from Krutrim, will help Ola control their technology better and keep getting better at what they do.
Users should update their Ola app to start using the new Ola Maps features.
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