Ola buys 100% stake in Pune-based GeoSpoc

Chennai: Ride hailing company Ola has bought out Pune-based geospatial service provider GeoSpoc, for an undisclosed sum. Post the buy-out, the entire team of GeoSpoc as well as co-founder Dhruva Rajan will join Ola to develop accessible, personalised and convenient technology.

“New Mobility will see profound changes in the way people move. These fundamental changes will require investments in next-gen technologies, including location and geospatial technologies, and advancements in satellite imagery conversion into real-time maps as well as 3D, HD and vector maps. Today we are taking the first step towards this by acquiring GeoSpoc, India’s leading provider of geospatial services. Dhruva and his team of Geospatial scientists and engineers will be joining Ola to develop technologies which will make mobility universally accessible,