Cab aggregators like Ola and Uber have come a long way in making travelling easier for daily commuters. For metropolitan cities, cabs have now become a necessity. The current cashless economy scenario that is going on in India, Ola and Uber are making the most of it by launching new services and upgrading the existing ones. Talking about expanding services, Ola cabs, the Bengaluru-based cab aggregator has major plans for its ride sharing services in India. It reportedly plans to expand its ride sharing feature to other modes of transport Ola operates in. Also Read - Uber cab service resumed in 31 cities in India with new Lockdown 4.0 guidelinesAlso Read - Uber launches 'Uber Connect' package delivery service to rival Dunzo and Swiggy Genie
According to a report in Economic Times, Ola has considered expanding its ride-sharing feature to auto rickshaws and even kali peelis which run in Mumbai. Not only that, Ola also plans to further extend the feature to Ola Rentals and outstation. Ola Rentals which was launched this year in August, allows people to rent cabs with hourly packages across Ola Lux, Ola Prime and Ola Mini. Ola had launched its ride sharing feature last year, which is similar to UberPool. To use Ola Share, the riders have to join one or more groups as per their choice and their travels will be matched with their group members only. User can join groups on the basis of their location, workplace, gender, and more. Ola aims to keep safety and priority in check with their ride-sharing feature. UberPool on the other hand matches passengers on the basis of the direction they re travelling in.
The report further say that Ola is planning to expand its ride-sharing feature in a bid to make rides cheaper which will in turn improve the profit margin for Ola on each ride taken. This decision would probably do well for Ola in terms of the company s goal to gain profits as they hope to break-even in the next two to three years. The report quotes Ola s chief executive Bhavish Aggarwal as saying, Ride sharing is the future. It brings costs down and is good for the environment especially in a supply-constrained market with an increasing demand. He has also termed this plan as one of the biggest bets for the company. Aggarwal further clarifies that ride sharing will not only decrease the fare for users but also help the company serve better since its services are utilized better when more than two people share it. Ola Share is believed to be doing well for the company and it is expected to account for most of the business by next year. ALSO READ: Ola adds another cashless option; lets you pay through your credit or debit cards
Speaking about Ola s services in the country, the company has now extended itself to helping people in dealing with the current cash crunch. Ola has partnered with Yes Bank and Punjab National Bank to set up mobile ATMs wherein people can withdraw cash from. These mobile ATMs have been set up in Ola cabs across different cities it operates in. People can withdraw cash from these mobile ATMs up to Rs 2,000 and is open to all the banks. Ola has also upgraded its Ola Money allowing people to pay their utility bills and pay for fuel as well. ALSO READ: Ola Money now lets you pay utility bills from the app