Ola drives its first international expansion in Australia to combat Uber
Indian cab hailing service Ola has stepped up its competition with global rivals, such as Uber, as it announces its first international expansion into the Australian market.
Ola drives its first international expansion in Australia to combat Uber
As reported by TechCrunch, Ola’s initial plan is to launch private hire vehicles in Australia. Meanwhile, China's Didi Chuxing also expanded internationally this year into Brazil and Taiwan.
Ola co-founder and CEO Bhavish Aggarwal 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.
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."
SoftBank which has stakes in Ola, also acquired a $9bn stake in Uber recently.