Ola rides to enter Australia market

On Tuesday Ola, India’s biggest ride-hailing firm, announced plans to launch its services in Australia, the company’s first foray outside its home market. 

Ola launched in 2011 and claims to handle around a billion rides every year across India’s major cities. 

Ola is inviting private hire vehicle owners in Sydney, Melbourne and Perth to register with Ola as its driver-partners, with an introductory offer of only 7.5 per cent commission charges from driver-partners who join now. In India, Ola charges around 20 – 22 per cent commissions from its driver-partners.

Ola enables smart transportation options to over 125 million users in India, through its network of over 1 million driver-partners that it hosts across 110+ cities. On an aggregate basis, Ola serves as many as a billion rides annually, through its platform. 

Ola’s rapid growth and expansion have been made possible by taking a driver-partner focused approach to ride-sharing investing in its partners to arm them with the necessary tools, skills, and incentives to offer best-in-class transport experiences. Ola is also recognised for its collaboration with governments and communities to solve local transport issues in innovative and meaningful ways. 

Bhavish Aggarwal, Co-Founder and CEO, Ola said, “We are very excited about launching Ola in Australia and see immense potential for the ride-sharing ecosystem which embraces new technology and innovation”.  

He further added, “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.” 

At present Ola is accepting only private hire vehicles on its platform in Australia and is expected to launch its consumer app once it garners a significant driver-partner base.