10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
Mobility

Uber CEO says India’s Digital Public Infrastructure holds incredible promise as company signs MoU with ONDC

Uber, India’s leading ridesharing platform, today signed an MoU with Open Network for Digital Commerce (ONDC) to explore an integration with the network to expand the range of mobility offerings on the Uber app. The agreement with ONDC, a private non-profit organization established by the Department for Promotion of Industry and Internal Trade of Government of India, stands to strengthen Uber’s mission of bringing safe, affordable and reliable rides to all Indians.

At an event in Bengaluru, Uber’s global CEO Dara Khosrowshahi spoke with Infosys Chairman, Nandan Nilekani on the subject of ‘Building Population Scale Technology.’ Dara said companies and governments around the world can learn from the scale and ambition of India’s Digital Public Infrastructure. He added that as a technology company, Uber views open source tech stacks with a lot of interest and recognizes the opportunities they bring for everyone.

Speaking on the MoU signing, Prabhjeet Singh, President, Uber India and South Asia, said, “Our vision for Uber in India is to serve the mobility needs of all Indians. This is in line with ONDC’s objective of democratizing digital commerce. We are excited to take our first step through this MoU with ONDC to explore how we can accelerate our ambition to make Uber a platform for every Indian’s daily mobility needs. We are committed to play our part in helping speed up and strengthen India’s digital transformation.”

T Koshy, MD & CEO of ONDC, Said, “As the Open Network is continuously evolving, MTT (Mobility, Transport and Travel) is certainly a critical sector for us. Different players together on the Network foster innovation and newer business models. Today’s MoU is a major step forward, and one we hope will enable a diverse range of mobility solutions to benefit every Indian.”

Over the past 10 years, Uber’s technological innovation has helped revolutionize mobility for millions. The app has reshaped India’s transportation landscape, offering safe, reliable and affordable rides to people across 125 cities across a range of different vehicle types. And we are proud to help more than 900,000 Indians earn a living each month by driving with Uber.

About Uber: We rode into India in 2013 with a simple promise: press a button, get a ride.

10 years and over 3 billion trips later, we continue to build products to help people get where they need to be. Today, Uber is available across 125 cities in India and has become #IndiaKiRide where people can go where they have to on Moto, Auto, Cars and even Buses

– designed for their various intracity and intercity travel needs. We continue to reimagine the way the world moves for the better in ever expanding ways and as we mark our ten year milestone – we remain committed to keep India Moving Forward.

About ONDC

Incorporated on 31st December 2021, Open Network for Digital Commerce (ONDC), a Section 8 company, is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India to create a facilitative model that revolutionizes digital commerce, giving greater thrust to penetration of retail e-commerce in India. ONDC is not an application, platform, intermediary, or software but a set of specifications designed to foster open, unbundled, and interoperable open networks.

by INC42

SUMMARY Ola Electric said that its 4680 Bharat Cell is based on the “most advanced” dry electrode technology in a cylindrical form factor, and surpasses the pouch cell technology mentioned in the reports A South Korean publication recently claimed that an unnamed former LG Energy Solution executive attempted to pass on the IPs to Ola Electric to create “Bharat cell” The statement by the homegrown EV manufacterer added that “the fear of losing market opportunities, including a significant customer in Ola Electric, is prompting the… Source link

by INC42

SUMMARY Ola Electric now intends to scale its capacity to 20 GWh by the second half of 2027 on the back of its new hero product – battery energy storage system While the “EV + energy” combo has potential in the long term, the EV maker would need to make investments and market the new product, further putting strain on its bottom line Ola Electric’s early years were about growth and EVs, but the tanking stock price has made it turn its focus to addressing quality issues and foraying into new segments to turn… Source link

by INC42

SUMMARY Euler Motors managed to cut losses on the back of its growing top line which grew 12% to INR 191.3 Cr in FY25 from INR 170.8 Cr in the previous fiscal year The startup’s core revenue channel, sales of vehicles remained strong for the year under review contributing to about 90% of the total operating revenue at INR 173.1 Cr in FY25, up 22% from INR 142 Cr in the previous year Founded in 2018 by Saurav Kumar, Euler Motors manufacturers E3W and E4W, catering to the logistics sector of the country EV manufacturer Euler… Source link