newsdesk@business-northeast.com

+91 6026176848

More forecasts: New York weather 30 days

Ola Saves Rs100 Crore by Switching to In-House Maps

BNE News Desk , July 6, 2024
Spread the love
Share on Twitter

New Delhi: Ola Cabs has stopped using Google Maps and switched to their own Ola Maps for operations, resulting in approximately Rs 100 crore in annual savings for the company.

After Azure left last month, Ola Group's co-founder and chairman Bhavish Aggarwal announced that the company has now completely withdrawn from using Google Maps. He mentioned that the company previously invested Rs100 crore annually on this, but now they have reduced it to nothing by shifting entirely to their own Ola Maps. He requested that users check their Ola apps and make any necessary updates.                                                                

He mentioned that several features like street view, indoor images, NERFs, drone maps, and 3D maps will be available soon. Three months after transferring all its work to its AI firm Krutrim, Ola Group officially ended its partnership with Microsoft Azure.

In May, Aggarwal announced on X that the company would end its partnership with Azure and transition all operations to Krutrim within one week. At the unveiling of Krutrim AI, the company announced plans to offer cloud services and mapping solutions as well.

In May, Aggarwal announced on X that the company would end its partnership with Azure and transfer all operations to Krutrim within a week. At the unveiling of Krutrim AI, the company announced that it will also offer cloud services and mapping solutions. Afterwards, Aggarwal also shared on X that there are additional product upgrades planned for Krutim Cloud. He intends to launch a weekly thread for product announcements on the social media platform.

Ola Maps plans to offer location intelligence services in addition to AI processing.Ola acquired GeoSoc, a geospatial services provider based in Pune, in October 2021.   

ALSO READ: Tesla stock rebounds, gains 27% in a week