Ola Gets Green Light For London Taxi Business

India’s Ola Cabs received approval from London’s transport regulator to start private hire vehicles (PHV) in the capital city of the UK. It is the first-ever platform to offer both PHVs and black cabs in the UK.
Ola UK Pvt. Ltd received a one-year carriage license from TFL to operate “PHV vehicles” across London.

It is required to apply for a license and lists their vehicle as a privately registered vehicle for hire. Ola would become the biggest threat to Uber in the UK since it has raised far more capital than the rest of the app-based taxi operators. It is raised around $190 million to $280 million in funding Ola’s massive war chest of $3.8 billion.

Ola with SoftBank Corp., Sequoia Capital, Accel, and automakers like Kia Motors and Hyundai as its investors. The company is continuing efforts to build a massive war with Uber especially in India.

About Ola:

1. Ola first entered the UK in August 2018.
2. They got with licenses to operate across south Wales.
3. It has a presence in 150 cities across India
4. Its operations in the UK, Australia, and New Zealand.
5. It serves more than 150 million users with more than a billion rides.

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