Ride-hailing platform Ola has acquired Pune-based geospatial services startup GeoSpoc. As a part of the deal, GeoSpoc CEO Dhruva Rajan and his team of geospatial scientists and engineers will join Ola. The team will work to build the next generation of location technology for the world.
Ola didn’t disclose the size of the acquisition.
“Dhruva and his team of Geospatial scientists and engineers will be joining Ola to develop technologies which will make mobility universally accessible, sustainable, personalised, and convenient, across shared and personal vehicles,” said Bhavish Aggarwal, co-founder and CEO.
In a detailed blog post about the acquisition, Aggarwal noted that accurate and rich maps with high user context should be available to the masses. Maps also need to consider 3D view of the world. It also noted that adding real-time satellite imagery to provide a better understanding of road quality, streets lights conditions will lead to a faster route.
With the new team on board, Ola will try to improve maps for users and autonomous driving.
