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Ola offers free rides in Melbourne

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

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Woman hiring taxi. Pixabay

Indian ride-sharing major Ola on Thursday announced that it has begun offering free rides in Australia’s Melbourne city as a soft launch of its services with local driver-partners.

“Customers in Melbourne city can download Ola application, register for an account and book their rides,” the city-based online cab aggregator said in a statement here. The company, however, did not specify how many free rides the passengers can avail, and up to what distance, in Melbourne.

Ola is giving free rides in Melbourne. VOA

On January 30, Ola announced its foray into the international market to rival US-based Uber. It began its operations in Australia in February starting with Perth and later in Sydney.

“Over the coming months, the rollout of operations in Australia will continue with cities like Brisbane, Gold Coast, Canberra, Adelaide, Darwin and Hobart,” the statement said.

Also Read: Electric Taxi trial run in India to start from May 24 in Nagpur

Over 15,000 registrations from local driver-partners across Australia have been received so far, it added. “With a low 7.5 per cent introductory commission rate, driver-partners can earn more money and access it easily.”

Founded in 2011, Ola has been competing against Uber in the Indian ride-hailing market. Ola claims to have 125 million users in 110 cities across the country. IANS

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Hyundai, Kia Invest $300 mn in India’s Ride-hailing Giant Ola

The nine-year-old firm had set up in 2018 Ola Electric Mobility Ltd to use battery-run cabs as a pilot project at Nagpur in Maharashtra

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Ola Cabs. Image source: Flickr

In their single biggest investment ever, Hyundai Motor Co and its affiliate Kia Motors Corp on Tuesday announced an investment of Rs 2,068 crore ($300 million) in India’s leading ride-hailing cab aggregator Ola.

The agreement will see the three companies collaborate on building India-specific electric vehicles and infrastructure and developing unique fleet and mobility solutions, Hyundai said.

“This partnership will also significantly benefit driver-partners on our platform, as we collaborate with Hyundai to build vehicles and solutions that enable sustainable earnings for millions of them, in the time to come,” said Bhavish Aggarwal, Co-founder and CEO of Ola.

Hyundai Motor and Kia Motors will invest $240 million and $60 million respectively in Ola.

As part of the strategic collaboration, the companies have agreed to co-create solutions to operate and manage fleet vehicles, marking the Hyundai Motor Group’s first foray into the industry, as they expand operations from automobile manufacturing and sales to total fleet solutions.

Ola Cab. Facebook

The partnership will offer Ola drivers various financial services, including lease and instalment payments, while vehicle maintenance and repair services are expected to enhance customer satisfaction, Hyundai said.

Hyundai, Kia and Ola also agreed to coordinate efforts to develop cars and specifications that reflect the needs of the ride hailing market.

Also Read- Tech Giant Apple Updates its iMac Line-up

Ola earlier this month raised Rs 400 crore from its early investors, including Tiger Global and Matrix India, to fund its electric mobility business.

The nine-year-old firm had set up in 2018 Ola Electric Mobility Ltd to use battery-run cabs as a pilot project at Nagpur in Maharashtra. (IANS)