Ola gets green light for London launch
London's transport regulator has permitted 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 license 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.