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Ola Cabs, led by Bhavish Aggarwal, has closed its international operations in the UK, Australia, and New Zealand due to intensifying competition and the push for electric vehicles

Ola Cabs shuts down international business, sharpens focus on India

Ola Cabs, led by Bhavish Aggarwal, has closed its international operations in the UK, Australia, and New Zealand due to intensifying competition and the push for electric vehicles

Ola Cabs, the ride-hailing company led by Bhavish Aggarwal, has announced the closure of its international operations in several countries including the UK, Australia, and New Zealand. This move comes amidst escalating competition in the global market and the mounting pressure from various governments to transition towards electric fleets.
In a statement addressing queries from Moneycontrol, Ola Cabs stated, "We&rsquo;ve reassessed our priorities and have decided to shut down our overseas ride-hailing business in its current form in the UK, Australia and New Zealand...We remain very excited and focused on our mission to serve 1 Billion Indians."
The decision is expected to lead to employee layoffs in these regions, as reported by ETPrime.&nbsp;
An industry source highlighted to Moneycontrol the intensifying pressure to switch to electric vehicles internationally, indicating that Ola Cabs would need to significantly increase its investments to convert its existing fleets to EVs, particularly in Australia and the UK.
Meanwhile, according to a regulatory filing, ANI Technologies, the parent company of Ola, reported a narrowed consolidated net loss of Rs 772.25 crore in fiscal 2023, compared to Rs 1,522.33 crore in FY 2022.
&nbsp;

The ride-hailing company, Ola&nbsp;on Monday said it has partnered with donation platform GiveIndia to provide consumers with oxygen concentrators.&nbsp;
The service, which will be provided for free through the Ola app, service will start rolling out in Bengaluru from this week with an initial set of 500 oxygen concentrators.
Ola and GiveIndia will scale it up across the country with up to 10,000 concentrators in the coming weeks, a statement said.
Consumers request for an oxygen concentrator from the Ola app by providing a few basic details.

Covid-19: Ola announces doorstep delivery of free oxygen

Ola&nbsp;partners with Give India to provide oxygen concentrators to patient's doorstep via it's app, service to roll out in Bangalore.

<ul>
<li>Ola partners with GiveIndia to give free oxygen concentrators</li>
<li>Doorstep delivery&nbsp;to start roll out in Bengaluru from this week</li>
<li>Consumers can&nbsp;request for an oxygen concentrator through Ola&nbsp;app</li>
<li>Initiative to scale&nbsp;up 10,000 concentrators across the country</li>
</ul>

Looking to pitch in and help during the raging covid&nbsp;crisis,&nbsp;ride-hailing company, Ola&nbsp;has partnered with donation platform GiveIndia to provide consumers with oxygen concentrators.&nbsp;
The service will be provided for free through the Ola app, and will be rolled out in Bengaluru from this week with an initial set of 500 oxygen concentrators to be scaled up to 10,000 soon.&nbsp;
Consumers request for an oxygen concentrator from the Ola app by providing a few basic details. Once verified a specially trained set of Ola&nbsp;drivers will deliver the concentrator to the patient's&nbsp;doorstep.&nbsp;
Once the patient has gotten better and no longer requires the concentrator, Ola will pick the device back up and return it to GiveIndia to get it ready for the next patient who needs it.
&nbsp;

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