While accelerating the use of artificial intelligence and automation across its operations, Ola has surrendered more than 1.7 lakh sq ft of leased office space in Bengaluru, said the people familiar with this development. AI Automation Affecting Office Space Lease In Bangalore The above mentioned space includes 1.12 lakh sq ft of office space which was earlier leased in 2023 across the 7th and 8th floors of Prestige RMZ Star Tech in Koramangala for ₹1.4 crore monthly rent. For this office space, the lease commenced in April 2023 which was initially leased for five years, with a security deposit of ₹8.4 crore, as per the registration documents accessed by Propstack showed. Now the remaining leased space for Ola sprawls around 60,000 sq ft at Infozone in Electronic City, as the company leased multiple spaces between 2021 and 2022, as per the documents accessed by Propstack. It appears that the online cab service provider runs its battery innovation centre in this space, said the sources. Further adding, “The company has automated several processes. Once automation is in place, fewer employees are required, reducing the need for office space. For instance, multiple call centre offices are no longer needed as these functions… Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups
