Ola acquires geospatial startup GeoSpoc

Ola has acquired  GeoSpoc, a Pune-based startup that provides geospatial services to build the next generation of location technology.

GeoSpoc’s founder Dhruva and his team of geospatial scientists and engineers will be joining Ola to develop technologies which will make mobility universally accessible, sustainable and personalised, said Bhaivsh Agarwal, co-founder and CEO of Ola in a blog post.

The size of the deal couldn’t be ascertained. 

Seven year old GeoSpoc specializes in geographic information systems and location-based technologies, delivering intelligence from location based analytics to its customers.

GeoSpoc runs three products GeoQi, Geoqode and Geomarketeer and has a presence in India, US, UK and Finland. The company’s clients include Swiggy,Starbucks, SBI, Bajaj Finserv and Bajaj Allianz.

Recently, the EV-maker Ola Electric has raised $200 million led by Falcon Edge, SoftBank and others at a valuation of $3 billion to accelerate the development of its other vehicle platforms including electric motorbike, mass-market scooter and its electric car.