Ola Acquires Geospatial Services Provider Geospoc

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Ola announced on Tuesday that it has purchased GeoSpoc, a provider of geospatial services, in a move that will enable the ride-hailing platform in developing technology that will make mobility more accessible and easy across shared and personal automobiles.

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.

He wrote in a blog post that improved geospatial services will help with urban planning, such as road networks, public transportation, and predicting congestion places. “Dhruva and his team of geospatial scientists and engineers will join Ola to develop solutions that will make transportation universally accessible, sustainable, personalised, and easy, spanning shared and personal automobiles,” he continued.

While neither company disclosed the exact number of employees, GeoSpoc is thought to have more than 80. According to Aggarwal, as shared and personal mobility expands to encompass 50-100 percent of India’s population in the next years, maps will become more important.