Ola Group contributes INR 5 crores towards PM CARES Fund and INR 3 crores towards Chief Minister’s Relief Funds of various states to support COVID-19 relief measures
Bengaluru, 9th April 2020: Ola Group, which operates Ola, India’s largest mobility platform, has pledged a sum of INR 5 crores to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund to support COVID-19 relief measures at a national level. The Group has also committed a sum of INR 3 crores towards the Chief Minister’s Relief Funds of various states. The Ola Group includes various business units including its ride-hailing arm, Ola Mobility, Ola Financial Services, Ola Foods and Ola Electric.
Bhavish Aggarwal, Co-founder and CEO of Ola Group said, “The outbreak of COVID-19 is a major global crisis and this is the time for the entire nation to come together to fight this pandemic. Both the Central and State Governments are working round the clock and have taken several proactive steps to contain the threat of Coronavirus in India. We salute the relentless efforts of the Government and humbly extend our contribution of INR 5 crores to the PM CARES Fund and a sum of INR 3 crores to the Chief Minister’s Relief Funds of various states to support COVID-19 relief measures across the country.”
He further added, “From healthcare workers to essential supplies providers, to the hundreds of thousands of officials, law enforcement personnel, and various frontline civil service workers, we are grateful for the services of those who are going beyond their call of duty to help the people of our nation. We at Ola will continue to work towards supporting the Government’s efforts and help our communities in every way possible.”
Ola Foundation, the social welfare arm of the company, had recently launched the ‘Drive the Driver Fund.’ The fund aims to support cab, auto-rickshaw, and kaali-peeli taxi drivers across the country, through contributions from the Ola Group and through a crowdfunding platform for citizens and institutions. The Ola Group and its employees have already contributed INR 20 crores towards this cause, while Bhavish Aggarwal, Co-founder and CEO, Ola has forgone his 1 year’s salary towards the fund. This long term fund will help drivers and their families through and beyond this pandemic, through various initiatives including financial support for medical emergencies as well as essential supplies distribution in driver communities.
About Ola
Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the UK. The Ola app offers mobility solutions by connecting customers to drivers and a wide range of vehicles across bikes, auto-rickshaws, metered taxis, and cabs, enabling convenience and transparency for hundreds of millions of consumers and over 2 million driver-partners.
Ola’s core mobility offering in India is supplemented by its electric-vehicle arm, Ola Electric; India’s largest fleet management business, Ola Fleet Technologies and Ola Skilling that aims to enable millions of livelihood opportunities for India’s youth. With its acquisition of Ridlr, India’s leading public transportation app and investment in Vogo, a dockless scooter sharing solution, Ola is looking to build mobility for the next billion Indians. Ola also extends its consumer offerings like micro-insurance and credit led payments through Ola Financial Services and a range of owned food brands through India’s largest network of kitchens under its Food business.
Ola was founded in 2011 by Bhavish Aggarwal and Ankit Bhati with a mission to build mobility for a billion people. For more details, visit www.olacabs.com/media