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Ola, Microsoft Partner on Connected Car Platform

Ola, Microsoft Partner on Connected Car Platform

By Reuters | Updated: 7 November 2017 14:18 IST

Highlights

Ola has partned Microsoft to use the latter's Azure cloud platform
With Azure, Ola is looking to improve its in-car entertainment offering
The platform will help in diagnostics, predictive maintenance, navigation

Indian ride hailing service Ola has tied up with Microsoft to build a new connected vehicle platform and will also use the US tech giant's Azure cloud computing service to power its in-car entertainment offering, it said on Tuesday.

The platform will help with a vehicle's diagnostics, predictive maintenance and navigation, Bengaluru-headquartered Ola said in a statement.

"Both companies will collaborate to take this platform to car manufacturers globally, to integrate with vehicle systems," it said.

Microsoft is also in talks over potential investment in Ola, a source familiar with the matter told Reuters. The US company's CEO Satya Nadella is currently in India.

Indian newspaper Mint reported in July that Microsoft was looking to invest up to $100 million in Ola parent ANI Technologies.

Ola last month raised $1.1 billion from investors led by China's Tencent Holdings and Japan's SoftBank Group and said it was in "advanced talks with other investors" for a further $1 billion.

The funding from Microsoft could be part of this second tranche, the source said, adding that Ola will switch completely from the Amazon Web Services cloud platform to Microsoft Azure over the next few quarters.

A spokesman for Ola said there are no fundraising talks in progress with Microsoft at this time.

© Thomson Reuters 2017

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