Business

Ola Makes Global Debut, Coming Soon To Australia

DIVYIA ASTHANA | 0
2517
| January 30 , 2018 , 14:38 IST

Global ride-hailing giant Uber may have started the trend of using apps to connect with local drivers for private taxi service, but since its inception in 2009, competition has cropped up, in India in the form of Ola.

Established in 2011, Ola works on the same premise of Uber by providing private taxi service via a smartphone app, and has now expanded to 100 cities in India, bypassing Uber which provides service to 30 Indian cities. In the steps of Uber, Ola is set to make its global debut, with its first set-up outside India, namely in Australia, which is expected to be operational by early 2018.

Ola is already signing up drivers in the Australian cities of Sydney, Melbourne and Perth, and is expected to give competition to Taxify, Uber and local GoCatch taxi services.

"We are very excited about launching Ola in Australia and see immense potential for the ride-sharing ecosystem which embraces new technology and innovation," said Bhavish Aggarwal, Ola co-founder and CEO, in a statement.

"With a strong focus on driver-partners and the community at large, we aim to create a high-quality and affordable travel experience for citizens and look forward to contributing to a healthy mobility ecosystem in Australia," Aggarwal added.

According to the Ola website, initially it would be charging a 7.5 percent commission from drivers, which is considerably less than the 15 percent charged by Taxify and 25 percent by Uber. However, Ola is yet to announce the fare structure that will be put in place for Australia.