Ola acqui-hires Pikup.ai; to focus on deep tech solutions for mobility

Ola acqui-hires Pikup.ai; to focus on deep tech solutions for mobility
Photo Credit: Photo Credit: VCCircle
13 Aug, 2019

Bengaluru-based ride-hailing platform Ola, owned by ANI Technologies, has acqui-hired Pikup.ai, an artificial intelligence (AI) startup. 

While the pikup.ai team will join Ola, other details of the deal were not announced.

Ola is increasing its focus on using advanced analytics and deep technology to build futuristic mobility solutions for India and the world, a statement from the company said. 

The use of machine learning and AI will enable the company to develop deep insights that can lead to improved mobility outcomes, the statement added.

Co-founded by Inder Singh and Ritwik Saikia, Pikup.ai uses autonomous technologies like AI, computer vision and sensor fusion to provide AI-powered solutions for businesses.

“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,” Singh said.

Earlier this year, Ola announced plans to set up an advanced technology centre in the San Francisco Bay area to focus on developing next-generation technologies in mobility like electric, connected and autonomous vehicles.

“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. We are very excited to welcome the Pikup.ai team to Ola and we look forward to co-creating innovative technology that will help redefine the mobility experience in the times to come,” said Ankit Bhati, co-founder and chief technology officer, Ola.

In July 2019, Ola received a private hire vehicle (PHV) operator to operate its taxi service in London. 

Ola Electric, the electric mobility arm of the company, raised $250 million recently from SoftBank at a valuation of $960 million.