Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola is one of the world’s largest ride-sharing companies. Ola integrates city transportation for customers and driver-partners into a mobile technology platform ensuring convenient, transparent, and quick service fulfilment. Ola is focused on leveraging the best of technology and building innovative solutions ground-up, that are relevant at global scale. Notably, in 2016, Ola Play the world’s first connected car platform for ridesharing was launched, transforming commuting experiences and setting the tone for global innovation in this space. Beyond offering a highly personal experience for users during their rides, Ola Play also allows its partners like Microsoft, Apple Music, Sony Liv amongst others, to build a high quality interactive and productive experience for its users. Using the Ola mobile app, users across 110+ cities, can connect with over 1,000,000 driver-partners across cabs, auto-rickshaws, and taxis. Driven by a hyperlocal approach, Ola is committed to its mission of building mobility for a billion people.
Bengaluru, 16 April 2018: Ola, one of the world’s largest ride-hailing companies, today announced “Mission: Electric”, with a commitment to place 10,000 E-rickshaws and Electric auto-rickshaws in its service in the next 12 months. From cycle rickshaws to ‘shuttles’ and last-mile transport, three-wheelers continue to be a dominant form of daily transit for many people across the nation. Building on the pioneering EV pilot by the company in Nagpur, Ola believes electrification can improve outcomes for drivers, customers, and its business model. The company will develop “Mission: Electric” as a platform to bring one million Electric Vehicles on the road by 2021. Ola will work with driver-partners, cities, vehicle manufacturers, and battery companies to make sustainable technologies cost-effective and viable in daily mobility. Ola is the market leader in app-based hailing, and intends to leverage its scale to bring cleaner, more comfortable, and safer products to market. Three wheelers are a vital means of transportation and a source of livelihood for millions of people every day. It also represents an immediate opportunity to improve outcomes for all stakeholders while reducing pollution across towns and cities,” said Bhavish Aggarwal, Co-Founder and CEO of Ola. He added, “Less than a year ago, They launched India’s first multi-modal electric pilot in Nagpur. After more than 4 million electric kilometers traveled and many lessons learned, They are significantly expanding commitment to electrify mobility in India. Ola leads by example, and They look forward to working with state governments and other partners to introduce accessible, affordable, and sustainable mobility solutions at scale.”
Ola launched its first electric vehicle project in Nagpur on 26th May, 2017. This was inaugurated by Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra and Shri Nitin Gadkari, Hon’ble Union Minister of Road Transport, Highways & Shipping, in the presence of key dignitaries and thousands of citizens in Nagpur. The project includes electric cabs, electric auto rickshaws, electric buses, rooftop solar installations, charging stations, and battery swapping experiments.
The EV program in Nagpur has provided Ola with significant insights into effectively managing vehicles, batteries, and operations. The company plans to continue its experimentation with ways to optimize batteries and charging, to develop a strong business model for EV deployment in the country. As India’s largest private vehicle fleet operator, Ola represents a natural catalyst for EV technology. Ola is in discussion with several state governments to create an appropriate policy environment to deploy electric three wheelers. The company is also talking to OEM partners and EV innovators globally to bring vehicles on the road in a planned and phased manner. With the addition of 10,000 vehicles across three cities this year, Ola is quickly set to become one of the largest EV fleet operators in the world.
On 06th may 2019 Tata Brothers invest money in OLA ELECTRIC.