Ola announces plans to launch in the UK
The Indian ride-hailing firm, Ola, has announced plans to launch operations in the UK by the end of 2018.
Ola will be entering the European market for the first time in South Wales in September followed by Greater Manchester.
The firm is in discussions with local authority in order to acquire licences to enter London and other locations across the country.
The company has expanded its operations to compete with rivals such as Uber. Ola offers its customers the option of private cars and taxis, which Uber does not.
The firm was founded in India in 2011 by Bhavish Aggarwal and Ankit Bhati, and expanded into Australia in February this year.
Ola features more than 1mn drivers and has approximately 125mn customers in its operations across 110 cities.
“Ola is excited to announce its plans for the UK, one of the world’s most evolved transportation markets,” stated Bhavish Aggarwal, Co-Founder and CEO of Ola.
“The UK is a fantastic place to do business and we look forward to providing a responsible, compelling, new service that can help the country meet its ever demanding mobility needs.”
“We look forward to our continued engagement with policymakers and regulators as we expand across the country and build a company embedded in the UK.”
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