Tuesday, 7 August 2018

Ola's global march continues as it eyes UK entry within a month

Ola, cab, taxi

After marking its entry into Australia earlier this year, Bengalurua-based Ola is now setting its sights on the ride-hailing market in the United Kingdom (UK) and has obtained a licence to operate in South Wales and Greater Manchester regions.

The company plans to start operations in the UK market within the next month, saying it would be the only ride-hailing player there that can legally offer customers both private hire and black cabs on its platform. It plans to further expand its presence across the UK by the end of 2018.

“Ola is excited to announce its plans for the UK, one of the world’s most evolved transportation markets. 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,” said Bhavish Aggarwal, co-founder and CEO of Ola, in a statement.

Just like when it announced its entry into the Australian market in February, Ola seeks to sign up driver partners in cities such as Cardiff, Newport and Vale of Glamorgan, apart from the regions, before opening the platform for customers. The company says it will offer best-in-industry commission rates to its driver partners - 10 per cent for private hire vehicles and 5 per cent for metered taxis.

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