Ola which is owned by the ANI technologies has been granted a private hire vehicle operator license to operate its taxi service in London.
The news comes into the market within the days of Morgan Stanley report which revealed that the Indian ride-hailing service was the ‘greater threat’ to the US-headquartered competitor Uber if news of its launch by the end of the year was accurate.
The report was totally based on the re-launch of the European taxi service provider Bolt, which is also previously known as the Taxify to London after its license was revoked following a Transport for London investigation in the year 2017.
“Ola has been granted a PHV operator license, ” an official statement said. “London is one of the world’s most iconic cities and hosts a progressive mobility environment. We couldn’t be more excited to bring Ola to London.”
Ola has been expanding to the international market aggressively, by investing around $60 Million into its international operation over the past 16 months across the UK, New Zealand, and Australia according to the report.
Source: Ola
