You are here: Home » Companies » News
Business Standard

Ola serves over 1 bn customers annually, creats employment : CEO Aggarwal

The SoftBank-backed company is locked in an intense battle for market leadership with US-based Uber

Ola  |  Global Mobility Summit  |  Australia

Press Trust of India  |  New Delhi 

Ola, cab, taxi

co-founder and CEO Bhavish Aggarwal said Friday the cab-hailing platform is serving over one billion customers annually and is creating employment opportunity for millions through its ride-hailing platform.

Aggarwal, who set up about eight years ago, said the Bengaluru-based company now provides mobility solutions to users in India, and the

"We serve over one billion customers a year, without this would've meant an additional three million vehicles on the road daily... we have 10 lakh driver partners, most of them self employed," he said addressing the 'MOVE' here.

He added that the future of employment is micro-entrepreneurship and the company can create "crores of direct and indirect livelihoods" through its platform.

The SoftBank-backed company is locked in an intense battle for market leadership with US-based Uber.

It has aggressively expanded its presence in the Indian market, spanning across categories like taxis, autorickshaws and e-rickshaws. Earlier this year, Ola entered and the

Flagging issues like pollution and congestion on Indian roads, Aggarwal said these challenges need to be addressed at the earliest.

"The future of mobility globally, and in India, cannot be a mere extension of the way we do things currently. Using technology to our advantage is our chance to leapfrog in terms of mobility and open more economic opportunity," he said.

He added that technology can play a major role in areas like pollution-free travel, evaluating and managing road conditions, urban planning, first and last mile commute and safer rides.

"Today, people from across the globe look upon India for innovative and clever solutions to address their local challenges...Ola is working with the entire ecosystem to enable a faster transition to electric mobility and solve our pollution challenge," Aggarwal said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, September 07 2018. 22:15 IST