Wednesday October 17, 2018
Home India Ola invests R...

Ola invests Rs 150 crore, signs MoU with Andhra

0
//
32
Republish
Reprint

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.

Ola-Mobile-Wallet
yourstory.com

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)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Ola Expands its Business, Starts Services in UK

The seven-year-old Ola claims to have 125 million users in 110 cities

0
Ola
Ola enters UK, rides in South Wales.

Indian ride-sharing major Ola on Monday forayed into the UK market by launching its services in South Wales, the company said in a statement.

“Ola will offer the customers in South Wales, including in Cardiff, Newport and Vale of Glamorgan, the option of hailing private hire vehicles and taxis on one platform,” the city-based online cab aggregator said in a statement here.

With a plan to expand across the UK by the end of this year, Ola said it has already obtained the licences to operate in Greater Manchester, in northwest England, where it will begin its operations soon.

Over the past few weeks, the company has received positive feedback from the drivers in South Wales, said Ola UK Managing Director Ben Legg.

“We will work with the local authorities in helping the people with their mobility,” Legg said in the statement.

Ola
Founded in 2011, Ola has been competing against Uber in the ride-hailing market. IANS

As part of launching its services in UK, the company is offering limited discount rides to its customers.

Ola’s UK entry comes about seven months after it announced driving into Australia on January 30 to foray into the international market to rival US-based Uber.

You May Also Like to Read About Plan of Australian PM for Carbon Emission- Australia’s PM Abandons Plan to Enshrine Carbon Emission Cuts

The Bengaluru-based firm is currently operating in seven cities across Australia including Sydney, Perth, Melbourne, Brisbane, Gold Coast and Canberra.

Founded in 2011, Ola has been competing against Uber in the ride-hailing market.

The seven-year-old Ola claims to have 125 million users in 110 cities. (IANS)

Next Story