Ola acquires GeoSpoc to build next generation of location technology

Bengaluru: Ola has acquired geospatial services provider GeoSpoc to build the next generation of location technology, including real-time, three-dimensional and vector maps.

As part of the Ola-GeoSpoc acquisition deal, CEO Dhruva Rajan and his team of geospatial scientists and engineers will join the ride-hailing startup to develop technologies that “will make mobility universally accessible, sustainable, personalised and convenient”, Ola CEO Bhavish Aggarwal said in a blogpost on Tuesday.

He did not disclose the size of the acquisition.

According to Aggarwal, accurate and rich maps with high user context should be available to the population beyond the first 100 million users.