Ola buys maps provider GeoSpoc

Ola has acquired GeoSpoc, a leading provider of geospatial services in India.
OLA cabs in Bangalore
Ola Founder anc CEO Bhavish Aggarwal said GeoSpoc scientists and engineers will join Ola to develop technologies which will make mobility universally accessible, sustainable and convenient, across shared and personal vehicles.

Accurate and rich maps with high user context should be available to the population beyond the first 100 million users, he added.

Led by CEO Dhruva Rajan, GeoSpoc incubated as an idea at a Barista coffee shop in Pune in the summer of 2014.

The start-up now has permanent staff based out of the UK and expanded geospatial services to more customers. In the US, it launched its platform based on Geoblockchain.

Autonomous driving will need HD and 3D maps which will offer superior visualisation, dynamic real time updates based on road, traffic and weather conditions.

Last month, EV manufacturer Ola Electric raised over $200 million led by Falcon Edge, Softbank and others, at a valuation of $3 billion.

Ola said it will accelerate development of other vehicle platforms including electric motorbike, mass market scooter, and its electric car.