Ola Electric has signed a $100 million debt agreement with the Bank of Baroda to help it complete Phase 1 of its Ola Futurefactory which aims to be the largest producer of two-wheel EVs.
Ola has said it's launching a vaccine push in the geographies it operates in to help its employees and their dependents get vaccinated against the coronavirus which has shut the world down.
Transport for London is reportedly preparing to strip Ola Cabs of its operating license, just like it did with Uber. The ride-hailing firm will have 21 days to appeal the decision.
Ola has announced measures to assist drivers affected by the coronavirus. The measures include a fund that will see drivers paid their average daily income for the 14-day self-isolation period.
The ride-hailing companies Uber and Ola said that they were suspending all ride options in the Indian capital after a government-imposed lockdown went into effect earlier on Monday.
The ride-hailing firm, Ola, has launched in London. Seeing Uber's experience, Ola is putting safety and driver support first and foremost. The firm is offering perks for those who sign up early.
The Indian ride-hailing firm, Ola, has said it will launch its services in Britain from September. Ola will be going up against Uber which it is already competing with in Australia.
According to some sources, talks are in progress between Uber's Indian branch and its local competitor Ola Cabs, after a merger was called for by SoftBank, an investor common to both companies.