Ola invests Rs 150 crore, signs MoU with Andhra


By NewsGram Staff Writer

Hyderabad: On Wednesday, India’s leading mobile app for personal transportation, Ola signed a memorandum of understanding (MoU) with the Andhra Pradesh government, committing a Rs 150 crore investment over the next three years.

Ola, as a partner with the state for its vision of ‘smart Andhra’ will enable technology to bring support to over 50,000 vehicles in the state within the next three years. It will ensure smart, reliable and safe transportation in the cities.

Tourists visiting Andhra Pradesh will be able to avail the benefits of Ola’s technology and best in class service to visit some of the most prominent tourist destinations across the state, with a single tap on their smartphones.


Pranay Jivrajka, Ola’s chief operating officer, said that Ola will use its expertise to provide technology for more than 50,000 vehicles across the state ensuring a convenient and safe experience for users. “Ola will be investing over Rs 150 crore towards training, opportunity creation and technology deployment across the state,” he said.

Chief Minister N Chandrababu Naidu also stated, “Mobile technology driven transportation apps like Ola can play a major role in creating job opportunities for hundreds of thousands in the state as well as in providing timely and efficient transportation for all. We are confident that this tie-up will benefit the entire transportation ecosystem in the state.”

Presently, Ola has over 10,000 vehicles on its state platform and it plans to increase this number to 50,000 in the next three years. The company, in addition will provide free skill development training to drivers during this time.

(With inputs from IANS)