Ride hailing major of Indian-origin Ola, has announced that it has acquired Pikup.ai, an artificial intelligence Bangalore-based start-up.
Co-founded by Inder Singh and Ritwik Saikia, Pikup.ai uses autonomous technologies like artificial intelligence, computer vision and sensor fusion to provide seamless AI-powered solutions for businesses. As part of the deal, the team at pikup.ai will join Ola.
Ola is increasing its focus on using advanced analytics and deep technology to build futuristic mobility solutions for India and the world. With Ola’s expertise in the segment and the availability of rich data, the application of machine learning and AI will enable the company to identify deep insights that can lead to improved mobility outcomes. This will include investments in early-stage businesses, acquisitions as well as acquires across Artificial Intelligence, Machine Learning, Computer Vision and other emerging areas of deep technology.
By bringing deep domain expertise to Ola, this acquisition will also deliver innovations that continue to improve safety and transform customer experience. Ola’s focus remains on developing next-generation technologies in mobility like Electric, Connected and Autonomous Vehicles.
According to Ankit Bhati, co-founder and CTO, Ola, “As we advance on our mission to build mobility for a billion people, we are investing in futuristic technology solutions that will shape the future of mobility in India and the world. We are very excited to welcome the Pikup.ai team to Ola and we look forward to co-creating innovative technology that will help redefine the mobility experience in the times to come.”
Inder Singh, co-founder, Pikup.ai said, “Ola is one of the world’s most admired mobility platforms and has pioneered many innovations in mobility and beyond in such a short span of time. We are looking forward to joining Ola on its mission to build mobility for a billion people and are very excited about building meaningful technology solutions that have a deep impact on the lives of millions, every single day.”