Ola helps over 6,000 driver-partners with CNG cars through the 5- day ‘Pragati Mahotsav’ driver mela

Ola helps over 6,000 driver-partners with CNG cars through the 5- day ‘Pragati Mahotsav’ driver mela

Shri Kapil Mishra, Hon’ble Minister for Tourism, Govt of Delhi flags off the first batch of CNG cars registered as part of the Pragati Mahotsav event

•  Total fleet of CNG cars now stands at over 26,000 cabs in Delhi NCR; to continue with on ground programs to enable driver-partners switch to CNG vehicles seamlessly.

• Targets adding 2000 CNG cars across Micro, Mini and Prime month on month to further enhance supply and minimize revenue losses for driver-partners

• Ola to invest INR 200 crore towards green fuel technology, leasing of CNG cars and strengthening the ecosystem to catalyse CNG adoption in Delhi NCR in the next 6 months.

  New Delhi, 23 March 2016: Ola, India’s leading mobile app for transportation, today announced that more than 6,000 new CNG cars were added to its platform during the recently concluded Ola Pragati Mahotsav – the largest CNG Driver mela in Delhi-NCR.

Shri Kapil Mishra, Hon’ble Minister of Tourism, Govt. of Delhi flagged off the first batch of cars registered under the program today.

The Company plans to invest INR 200 crore to enable CNG adoption in Delhi NCR over the next six months. Ola’s current CNG fleet in Delhi NCR stands at over 26,000 cabs, with plans to further continue on-ground programs to help driver-partners seamlessly switch to CNG vehicles. Ola aims to build up its CNG fleet further by targeting addition of over 2000 cars across Micro, Mini and Prime month after month, to ensure availability at all times and low ETAs in the state.

Handing over keys to the first CNG car owners from the Pragati Mahotsav, Shri Kapil Mishra, Hon’ble Minister of Tourism, Govt. of Delhi said, “Ola is bringing about a green change in Delhi by helping drivers registered with them, make a hassle free transition to CNG vehicles. Transportation is important for citizens as well as for tourism in the state and a world class experience can be built only by such investment in skilling, training and entrepreneurship for drivers who are the service providers. Ola’s mission of providing mobility for all while encouraging first generation entrepreneurship and its commitment to helping the city fight pollution is testament to being a good corporate citizen. By bringing together various partners in the ecosystem under one roof through its ‘Pragati Mahotsav’ event, Ola is positively impacting the livelihoods of many thousands of drivers, so that they can continue to work as entrepreneurs.”

Speaking on the occasion, Rahul Maroli, Vice President – Strategic Supply Initiatives at Ola, “We would like thank the Hon’ble Minister for gracing the occasion and flagging off the first batch of CNG cars registered under the Ola Pragati Mahotsav. The response to Ola Pragati Mahotsav has been phenomenal, exceeding our own expectations. Thousands of driver partners and many more in the months ahead will benefit from this program, allowing them to to continue with their livelihoods like always.”

Rahul further added, “We are committed to providing a seamless mobility experience in the state in adherence to the local regulations, at the same time empowering our driver-partners by helping them switch to CNG with no negative impact on their earnings. Going, forward we plan to invest INR 200 Crore towards innovative green fuel technology, leasing of CNG cars as well as strengthening the ecosystem to catalyse greater CNG adoption in the region.”

The 5 Day Ola Pragati Mahotsav was designed as a one-stop shop for on spot valuations and exchange with heavy discounts on new vehicles and and a lot more. The program received an overwhelming response with more than 15,000 unique visitors. For this, Ola partnered with dealers of leading car manufacturers including Maruti, Tata, Hyundai, Chevrolet, Nissan amongst others. The Company also onboarded banking and financial institutions including State Bank of India, IDBI, Shri Ram Finance amongst others. For optimum valuations and on-spot exchange, Ola also forged an exclusive partnership with CarTrade.Com.

Ola switched to CNG only operations within Delhi in September 2015 and has since been committed to creating an ecosystem that catalyses CNG adoption in the region. Ola pioneered the first of its kind technology to differentiate vehicles basis fuel type on the app itself. The Company also rolled out a series of programs to encourage drivers purchase CNG vehicles for plying in Delhi. Ola had rolled out a “Green Pragati Week” through which it added about 3000 CNG vehicles on its platform. Ola also inked a strategic partnership with Shriram Automall India and Shriram Transport Finance Company last year to enable effortless exchange of diesel cars and easy financing options for CNG cars.

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About Ola:

Founded in Jan 2011 by IIT Bombay alumni Bhavish Aggarwal and Ankit Bhati, Ola (formerly Olacabs), is India’s most popular mobile app for personal transportation. Ola integrates city transportation for customers and driver partners onto a mobile technology platform ensuring convenient, transparent and quick service fulfilment. Ola is committed to its mission of building mobility for a billion people. Using the Ola mobile app, users across 102 cities can book from over 350,000 cabs and 80,000 auto-rickshaws and taxis. Ola has also introduced a range of shared mobility services on its platform like Ola Shuttle and Ola Share for commute and ride-sharing respectively. The app is available on Windows, Android and iOS platforms. In early 2015, Ola acquired TaxiForSure, India’s second largest cab aggregator, which continues to operate as an independent brand. Please visit www.olacabs.com for more information.