Ola, a cab aggregator and unicorn, based out of Benglauru, has announced that Ola Bike, its subsidiary, is now present in 150 cities pan India. The company is also looking to grow 3X in the next 12 month.
The company said that it has created over 300,000 micro-entrepreneurs over the past year with Ola Bike.
Arun Srinivas, Chief Sales and Marketing Officer at Ola, said, “Ola Bike offers consumers with a smart, innovative, and affordable mobility solution; this is an offering that truly reflects our mission to build mobility for a billion people. Ola Bike has enabled citizens from the smallest of towns such as Chapra in Bihar to large metropolitan areas such as Gurugram with access to quick, reliable and affordable mobility”
Ola, Bhavish Aggarwal and Ankit Bhati-led was founded in December 2010 as an online cab services in Mumbai. It is an online transportation network company developed by ANI Technologies Pvt. Ltd. The company has been expanding its horizons with focus on credit over the last few years.
Whereas, the bike category was first introduced in 2016 as a last-mile mobility solution in Gurugram, Faridabad, and Jaipur. The service is now available in – Hyderabad, Chandigarh, Kolkata, Gaya, Bikaner, and Mughalsarai in UP.
The company further added that with its expansion into more towns and cities across India, Ola bike has opened livelihood opportunities for its two million-plus driver partners.
“Ola Bike is also helping build sustainable livelihoods for our fast-growing network of close to 300,000 partners from within these ecosystems of cities and towns, creating opportunities like never before for the youth of the nation. We aim to impact over a million Bike-partners in the coming year.” Srinivas added.
Adding on, according to a study conducted by a global consultancy firm, traffic congestion in the metro cities alone – Delhi, Bengaluru, Mumbai, and Kolkata – costs the Indian economy nearly Rs 1.5 lakh crore annually.
With two-wheelers accounting for the majority of vehicles produced in India, accessibility and affordability of these vehicles are easiest, providing greater opportunities to scale.