Bangalore based ANI Technologies Pvt. Ltd., operating under the trade name Ola, is an Indian online transportation network company. It is major car aggregator and was founded on 3 December 2010 by Bhavish Aggarwal (currently CEO) and Ankit Bhati.
As per the latest buzz, ride-hailing app Ola has applied for a city taxi licence in New Delhi under the name Ola Fleet, two people directly aware of the matter mentioned. This is a major step forward from Ola to seek supremacy over rival Uber in the Indian market, New Delhi being one of the top three cities for both Ola and Uber.
However, both companies, separately, are reaching out to state governments to lobby for better regulations, last month, Ola got a licence to operate as an “on-demand transportation aggregator” in Bangalore whereas, Uber’s application was rejected by the government, claiming incomplete paperwork.
Passenger safety which is a major concern and has put the spotlight on app-based ride service providers, which were considered by some as unregulated and unsafe. The Delhi government, which has been trying to regulate such services, was able to ensure that both companies put an end to surge pricing earlier this year.
One official while speaking about this development mentioned,
“While Ola is trying to legalise its models to be on the right side of the government and investors, Uber is hitting the court with recommendations to the scheme and hoping to maintain the status quo till favourable regulations are are passed,”
According to the scheme, any one licence-holder cannot register more than 2,500 cars and needs to follow conditions such as installation of GPS devices, taxi meters and fare regulation.