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Announced

Completed

Ola Electric completed the acquisition of GeoSpoc.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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geo-analytics

Domestic

Acquisition

Private

Information / Data Services

Single Bidder

Majority

India

Friendly

Completed

Synopsis

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Ola Electric, an Indian mobility platform, completed the acquisition of GeoSpoc, a geospatial services provider. Financial terms were not disclosed. "Enhanced geo-spatial services will also go a long way in improving urban planning including road networks, better public transportation and pre-empt congestion spots," Bhavish Aggarwal, Ola Electric Co-Founder and CEO.

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