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India's Ola Gets Green Light For London Launch

The move comes days after Estonia's Bolt, backed by German automaker Daimler, re-entered the London taxi market dominated by Uber and the city's ubiquitous "black cab" taxis.

Photo Credit : TechCrunch

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London's transport regulator has permitted Indian ride-hailing company Ola to launch its service in the city, the company said on Thursday.

The move comes days after Estonia's Bolt, backed by German automaker Daimler, re-entered the London taxi market dominated by Uber and the city's ubiquitous "black cab" taxis.    

Bengaluru-based Ola, which like Uber counts Japan's SoftBank Corp as one of its backers, said the company got a private hire vehicle licence to operate in UK's capital city.

"We are looking forward to building world-class mobility offerings for London, by collaborating with drivers, riders, the government and local authorities," an Ola spokesperson said in a statement.

Financial Times first reported the development earlier in the day and said the company plans to launch the service by September.

(Reuters)


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