Ola Launches Self-drive Service Ola drive
India's leading ride hailing service Ola launched 'Ola Drive', its first self-drive service in Bengaluru and said the company will invest upto USD 500 million in the next couple of years for it.
The Bengaluru-based company aims to host a fleet of 20,000 cars by 2020 under the service. It has been initially rolled-out for users in Bengaluru, with Hyderabad, Mumbai and New Delhi to follow shortly, Ola said in a statement.
In the first phase, Ola Drive will be offered as a short-term self-drive car-sharing service as we look to introduce long-term subscriptions, corporate leasing, and more options in the future, it added.
The company will initially invest about USD 200 million (about Rs 1,400 crore) and up to USD 500 million (about Rs 3,500 crore) in the next couple of years, Ola Ch...