Mobility main Ola cofounder and CEO Bhavish Aggarwal on Sunday introduced a brand new service by the cab aggregator. Aggarwal took to Twitter to announce the launch of Prime Plus which is able to provide “greatest drivers and high vehicles”, he mentioned.
The service will probably be a “premium providing” and won’t embrace cancellations from drivers.
Aggarwal added that the service will probably be initially accessible for choose clients in Bengaluru beginning Sunday and that he additionally will probably be “utilizing it ceaselessly” and share experiences on the microblogging platform.
Aggarwal didn’t share the main points in regards to the pricing of Ola’s new service however he shared a screenshot of a reserving which reveals the price of the journey cheaper than Mini and different cabs on the platform.
At present, moreover Mini, Auto and Bike, folks can e book Prime Sedan, Prime SUV, and Ola Leases on its app.
ET on Might 11 reported that funds managed by US funding agency Vanguard marked down the valuation of Ola by 35% to $4.8 billion, in line with regulatory filings with the US Securities and Trade Fee. Ola has exited verticals like meals and grocery supply and second-hand automotive gross sales over the previous yr, to concentrate on its ride-hailing enterprise.
Ola Electrical IPO, fundingET reported on Might 26 that Ola Electrical is planning to boost between $800 million and $1 billion, or 6,560-8,200 crore, by means of its preliminary public providing (IPO) primarily to fund its capital expenditure. The corporate is eyeing a valuation of $10 billion, or 82,000 crore. The IPO is slated to hit the bourses within the final quarter of the present fiscal yr.
The Bengaluru-headquartered firm has roped in Goldman Sachs, ICICI Securities, Axis Capital, Citi, and Kotak Securities as lead managers for its IPO. Cyril Amarchand Mangaldas (CAM) and Shardul Amarchand Mangaldas (SAM) are the authorized advisors.
Ola can also be planning to launch its EV cab service and can start the pilot in Bengaluru with round 1,000 cabs, ET had reported in January. The cabs will probably be accessible on the Ola app as a separate class together with common cabs and auto service.
