Ola signs MoU with Andhra, commits Rs.150 crore investment

Hyderabad, Sep 16 (IANS) Ola, India’s leading mobile app for personal transportation, on Wednesday signed a memorandum of understanding (MoU) with the Andhra Pradesh government, committing Rs.150 crore investment over the next three years.

Partnering with the state for its vision of “smart Andhra”, Ola will enable technology to bring support to over 50,000 vehicles in the state within the next three years to ensure smart, reliable and safe transportation in the cities.

Tourists visiting Andhra Pradesh will be able to avail the benefits of Ola’s technology and best in class service to visit some of the most prominent tourist destinations across the state, with a single tap on their smartphones.

Ola’s chief operating officer Pranay Jivrajka said Ola will use its expertise to provide technology for more than 50,000 vehicles across the state ensuring a convenient and safe experience for users. “Ola will be investing over Rs.150 crore towards skilling, opportunity creation and technology deployment across the state,” he said.

Chief Minister N. Chandrababu Naidu said: “Mobile technology driven transportation apps like Ola can play a major role in creating job opportunities for hundreds of thousands in the state as well as in providing timely and efficient transportation for all. We are confident that this tie up will benefit the entire transportation ecosystem in the state.”

Currently Ola has over 10,000 vehicles on its platform in the state and it plans to increase this number to 50,000 in the next three years. The company will also be rolling out an extensive skill development programme for drivers and will be providing free skill development training to drivers during this time.

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