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Ola, the largest ride-hailing service in India, said today its two-wheeler service — Ola Bike — is now operational in 150 Indian cities and towns and it intends to grow this business by three times in the next one year.
The eight-year-old SoftBank -backed firm said Ola Bike is enabling it to reach the “hinterlands of India,” and bring affordable and convenient on-demand transportation to millions of people. The two-wheeler business, which like the cabs business sees someone drive a passenger around, was launched in 2016 and has created livelihoods for close to 300,000 people in India.
Expansion - Ola - Bike - Year - Stages
The aggressive expansion of Ola Bike, which until last year was in mostly pilot stages in a handful of cities in India including Bangalore, represents India’s growing appetite for picking bikes over cabs and other transportation mediums as they rush through busy traffic to get to work.
A ride in Ola Bike costs as little as Rs 5 (7 cents) per kilometre. Uber, Ola’s chief rival in India, also maintains a two-wheeler business in India called Uber Moto. Uber Moto is available in fewer than a dozen cities in India....
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