Covid-19 accelerated innovations in transport business: Ola co-founder

Innovations in urban mobility and transportation business got a push during the Covid-19 pandemic with a move towards electric vehicles and subscription-based ownership models, Ola co-founder Bhavish Aggarwal said on Monday.

Speaking at the Bennett University's 'Freshers' Welcome Week 2020', Aggarwal said while the initial impact of the pandemic on the industry was hard, it also provided an opportunity for new business models to come up.

"Public transportation will undergo a fundamental change over the next 3-5 years to address the need for safer solutions...People will need personal mobility solutions because everyone feels safer in their own vehicle. However, not