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Ola to pilot a self-drive car service in the coming weeks

Ola plans to invest $500 million in debt and equity over the next 2 years in a self drive service, the Economic Times reported, citing sources. It will have a fleet of 10,000 sedans and SUVs with other vehicles in “major cities in the coming months.” An Ola spokesperson told MediaNama that it was piloting Ola Self-Drive with rentals, subscription (for consumers) and corporate leasing via Ola Corporate in select cities over the next few weeks. Ola did not mention the cities in which the pilot would take place. Ola's diversification comes on the heels of its Karnataka cab aggregator license being revoked and reinstated, following the paying of a Rs 15 lakh fee to the Karnataka state transport authority, for violating the conditions of license and plying bike taxis in Bangalore. Ola has already ventured into bike rentals with an investment in Vogo, food delivery through the acquisition of Foodpanda, and payments through Ola Money. It offers car rentals and outstation taxi services. Competition Ola’s Self Drive will compete with Zoomcar, which raised Series C funding worth $40 million led by Mahindra & Mahindra and others a year ago. In November 2017, Zoomcar had entered into a partnership Mahindra Electric Mobility (MEML) to roll out electric vehicles in Mysore, Karnataka etc. Zoomcar also has a car leasing Zoomcar Associate Program and Hop, a one way intercity service. In November 2018, self-drive car and bike rental company Drivezy secured $20 million in a Series B equity financing round. It also…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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