The Ola Scooter went on a ride on a Sunday morning, recently in Bangalore, in the run-up to an imminent launch. Bhavish Aggarwal, Ola Chairman, and Group CEO took the scooter out for a ride by some of the most iconic spots of Bangalore.
The leap-frog product, Ola Scooter, has several industry-leading innovations and includes the battery, motor, vehicle computer, and many other features through innovative software, all designed by Ola.
Ola Cabs (Known as OLΛ) is an Indian ridesharing company offering services that have the vehicle for hire and food delivery. OLA is based in Bengaluru, Karnataka, India. Ola was valued at about US$6.5 billion, as of October 2019. A variety of venture capitalists such as Softbank have large stakes in OLA.
Ola extended into its first international market, Australia, in January 2018 and New Zealand in September 2018. Ola started its UK operations introducing auto-rickshaws in the UK in March 2019. In London, More than 10,000 drivers had applied in online and offline mode ahead of Ola’s launch. In February 2020, Ola announced its taxi services with over 25,000 drivers registered.
In March 2015, Ola Cabs acquired Bengaluru-based taxi service ‘TaxiForSure’ for around 1237 crore i.e. around US$ 200 million. June 2015 onwards, Ola users gained the access to ‘TaxiForSure’ cabs through the Ola mobile app. Later in November 2015, Ola took over a trip-planning applications company, Geotagg, for an undisclosed amount.
“It was a pleasure taking the Ola Scooter out for a spin and ride. Its range, speed, ride & handling, maneuverability, design, and the incredible technology that we’ve introduced into this – all make it different from other vehicles. I look forward to introducing this to our customers soon! ” expressed Bhavish Aggarwal, Chairman and Group CEO, Ola.
The Ola team has been testing the Ola Scooter for the last few months, and the Scooter had proven to be the best in range, speed, and performance.
The Ola Scooter will be manufactured in India at the Ola Futurefactory which is coming up in Tamil Nadu, India on 500 acres of land. Its first phase is almost complete and when fully built next year, it will be the world’s largest two-wheeler factory, at 10 million a year capacity.