Ola launches its Vehicle Commerce Platform – Ola Cars, appoints Arun Sirdeshmukh as CEO
- Offers a completely digital ownership experience on the Ola app, with doorstep test ride, buying, selling and servicing
- To expand to 100 cities by next year
- Arun Sirdeshmukh named as the CEO of Ola Cars
Bangalore, 7th October, 2021: Ola, India’s largest mobility platform, today announced Ola Cars, its new vehicle commerce platform that will provide a dramatically better vehicle purchase and ownership experience to consumers.
Ola Cars will enable consumers to purchase both new and pre-owned vehicles through the Ola App. It will offer a bouquet of services to customers, beginning with purchase, vehicle finance and insurance, registration, maintenance including vehicle health diagnostics and service, accessories and finally resale of the vehicle back to Ola Cars. It will be a one stop shop for customers looking at hassle-free buying, selling and managing their cars.
Ola Cars will begin with pre-owned and, over time, Ola will open it up for new vehicles from Ola Electric and other automotive brands as well, providing them a seamless, trusted platform with unprecedented reach and understanding of consumers and their mobility needs.
Starting with 30 cities, Ola Cars will soon scale up to over 100 cities by next year.
The company also announced the appointment of Arun Sirdeshmukh as Chief Executive Officer of Ola Cars. Arun brings more than 30 years experience in consumer internet, FMCG, retail and fashion industries, including with Amazon India, Reliance Trends and IBM Global Services. He will oversee the entire sales and distribution, service, marketing, customer support, and go-to-market strategy for the business.
Speaking on the announcement, Bhavish Aggarwal, Founder & CEO, Ola said “Customers are looking for a new way to buy, service and sell their vehicles. They are no longer satisfied with the archaic retail store mode. They want more transparency and a digital experience. With Ola Cars, we are bringing a completely new experience for buying, selling and overall ownership for both new and owned vehicles. I look forward to working with Arun and building this core pillar of our New Mobility vision.”
Announcing the plans for Ola Cars, Arun Sirdeshmukh, CEO, Ola Cars said, “Ola has always been committed to delivering technology driven innovations to enhance consumer’s mobility experience. With Ola Cars, we are completely reimagining not just buying and selling but also vehicle finance, insurance, as well as maintenance – an end-to-end digital-first experience for our customer. We have plans to expand aggressively over the next few months across India and international markets and also launch new verticals in this business including pre-owned 2W and new vehicles.”
Ola Cars is part of Ola’s larger vision of New Mobility that encompasses three key pillars – first, New Mobility Services expanding from 150 to 500 cities and increasing the reach from 100mn people to 500mn people; second, New Energy Vehicles with EVs across existing and new vehicle form factors to bring cleaner, efficient and more affordable transportation to people, and third, New Auto Retail that will dramatically improve the entire lifecycle of vehicle ownership for a customer. With New Mobility becoming mainstream, over a billion people will have access to mobility solutions tailor made for them.
About Ola
Ola is India’s largest mobility platform. Ola revolutionised urban mobility by making it available on demand for over a billion people across 3 continents. Today, Ola continues to move the world to sustainable mobility through its ride hailing platform as well as through advanced electric vehicles manufactured at its Futurefactory, the largest, most advanced and sustainable two wheeler factory in the world. Ola also operates its new auto retail platform with Ola Cars bringing seamless, digital buying, selling and ownership of vehicles to consumers. Ola is dedicated to transitioning the world to sustainable mobility and making the world better than we found it.