Ride-hailing major Ola has acquihired Pikup.ai, a Bengaluru-based artificial intelligence startup. Co-founded by Inder Singh and Ritwik Saikia, Pikup.ai uses autonomous technologies like artificial intelligence, computer vision and sensor fusion to provide AI-powered solutions for businesses. As part of the deal, the team at pikup.ai will join Ola.
Ola said in a statement that it is increasing its focus on using advanced analytics and deep technology to build futuristic mobility solutions for India and the world. With Olaâ€™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 acquihires across Artificial Intelligence, Machine Learning, Computer Vision and other emerging areas of deep technology.
â€śAs 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,â€ť Ankit Bhati, Co-founder and CTO, Ola said.
Earlier this year, Ola also announced its intent to set up an Advanced Technology Centre in the San Francisco Bay area, to focus on developing next-generation technologies in mobility like electric, connected and autonomous vehicles. This acquihire will further help old by bringing deep domain expertise to deliver innovations that continue to improve safety and transform customer experience.
Inder Singh, Co-founder Pikup.ai said, â€śOla is one of the worldâ€™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."