Ola has been in the news lately as it had its services suspended briefly in Bengaluru. Now, the latest news about this ride-hailing app is that its sharing feature cannot operate between 11 pm and 6 am in both, Chennai and Bengaluru. What’s more, this will be implemented in other cities all over India as well. The move is being undertaken in order to ensure the safety of passengers who take cabs at night. This is quite fair considering that there is no way to vet the other passengers and make sure that the people in the same shared cab with you are decent people or total degenerates.
A spokesperson from Ola cleared the air about why this is happening. He said “Ola Share is a smart and sustainable mobility solution and a popular choice for commuters during regular hours i.e. 6 am to 11 pm. By matching users who are looking to ride on similar routes, Ola Share optimizes fares for customers and capacities for driver partners, enabling fewer vehicles on the road. We have hence matched the availability of Ola Share to this time period to ensure value for money and viability for customers and partners respectively. Customers can continue to choose from a variety of mobility options from 11 pm to 6 am on the Ola platform and we remain committed to innovating and building localized mobility solutions.”
However, apart from this news, which seems like a good step to ensure the safety of passengers, especially women, Ola has been in the news for other positive developments too. For instance, Ola recently announced that it has entered a partnership with Hyundai in order to bring electric mobility solutions into the cab-hailing space in India. These partnerships are said to worth over $ 300 Million and are definitely a big deal for the company. Furthermore, Ola also received funding from Sachin Bansal, who is the co-founder of Flipkart. The funding was worth ₹ 650 Crore.
Ola also went through a separate round of funding with its investors and has raised $ 74 Million from Steadview Capital, which is a part of a larger investment of $ 2 Billion.