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‘Invest more in R&D’: Ola’s Bhavish Aggarwal on how companies can become self-reliant

‘Invest more in R&D’: Ola’s Bhavish Aggarwal on how companies can become self-reliant

He shared a research report that tracked and collated data related to artificial intelligence, which had no mention of India

Business Today Desk
Business Today Desk
  • Updated Jun 30, 2023 12:11 PM IST
‘Invest more in R&D’: Ola’s Bhavish Aggarwal on how companies can become self-reliantRecently, Aggarwal also announced the launch of a “technical blog” which would contain various aspects of the Ola S1 e-scooter, including the engineering, deep dive into specific issues, and the processes

Ola chief Bhavish Aggarwal is known for his rigour in rolling out the most ambitious projects. In a recent Twitter post, Aggarwal wrote about the importance of investing more in research and development.
In the post, he wrote, “Our companies (including Ola) need to invest much more in proper R&D than just building application packages and services over someone else's core technologies.”

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Aggarwal who runs Ola Cabs and Ola Electric also shared a research report, which tracked and collated data related to artificial intelligence. In the graphics shared by him, names of several institutions from numerous countries (majorly China and the US) surfaced. But there was no mention of India spearheading the R&D space.

Our companies (including Ola) need to invest much more in proper R&D than just building application packages and services over someone else's core technologies.

Aiming to change these scorecards over the next few years!

Ref: https://t.co/aeoK5DezIq pic.twitter.com/JP7cCUq2WQ

— Bhavish Aggarwal (@bhash) June 29, 2023

Aggarwal wrote that he wants to change this situation.

Recently, Aggarwal also announced the launch of a “technical blog” which would contain various aspects of the Ola S1 e-scooter, including the engineering (including safety and testing they have undergone), deep dive into specific issues, and the processes Ola will follow for deploying various upgrades. The e-scooters are Ola Electric’s flagship products.

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The blog, he said, will contain various aspects including the engineering behind the Ola S1 e-scooter (including safety and testing they have undergone), deep dive into specific issues, some of the engineering improvement activities the company is going to undertake and the processes Ola will follow for deploying various upgrades.

Interestingly, Aggarwal also wrote in the blog that 50 per cent of Ola Electric’s units are made in-house and that the company is trying its best to provide its customers with “world-class features” and have a direct relationship with them.

Also Read: Clicking up the ladder: Behind the phenomenal rise of online management education

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Business Today Desk
Business Today Desk

Business Today brings you the latest news, views and analysis from the world of finance, economy, markets, corporates, startups, tech, and the digital economy. You can find everything from breaking news to deep dives to immersive essays and more on a variety of subjects across all formats - online, magazine, television, data visualisation, et al.

Published on: Jun 30, 2023 12:11 PM IST