Digital mapping service company ‘Map My India’ has filed a case against Ola Electric for allegedly stealing its data and violating the license agreement to create Ola Maps. This information has been given by Forbes India.
According to the report, CE Info Systems, the parent company of Map My India, has said that Ola Electric has copied the company’s data by reverse engineering the products obtained from the license. In June 2021, Ola Electric had an agreement with CE Info Systems for the use of its data.
Map My India Accused Ola for stealing clients’ data
CE Info has claimed that the company has copied our client’s API (application programming interface) and SDK (software development kit) to create Ola Maps. Ola has used our clients’ data for its benefit.
Map My India: Ola has launched its map
This month, ride aggregator Ola launched Ola Maps. It was created using real-time data from the Ola fleet. And other open data including the open-source government data repository, OpenStreetMaps. The company said that it has now completely stopped using Google Maps.
4 months ago, the partnership with Microsoft’s Azure was broken
About 4 months ago, Ola Group companies announced the breaking of its partnership with Microsoft’s Azure. After this, all its work was transferred to the in-house artificial intelligence (AI) firm Artificial.
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Ola Electric Mobility’s Initial Public Offer i.e. IPO will open on August 2. Investors will be able to bid for it till August 6. On August 9, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). With this, it will become the first listed electric two-wheeler company.
Through this issue, the company wants to raise Rs 6,145.56 crore. For this, the company is issuing 723,684,210 fresh shares worth Rs 5,500 crore. Whereas, the existing investors of the company are selling 84,941,997 shares worth Rs 645.56 crore through Offer for Sale i.e. OFS.
