Ola partners Indian Oil to bring multiple benefits for operators and driver partners in Bhubaneswar and Cuttack

Partnership to benefit thousands of Ola driver partners in Odisha

• Operators to get fleet cards – a one point solution to track fuel bills for multiple vehicles & cab accidental insurance coverage upto 50,000
• Drivers to get reward points against every fuel purchase through loyalty cards; points can be redeemed for exciting goodies

Bhubaneswar, September 29, 2016: Ola, India’s largest transportation platform, has partnered with Indian Oil Corporation Limited (IOCL) to bring multiple benefits for operators and driver partners associated with Ola in Bhubaneswar and Cuttack. Fleet Operators will get special fleet cards that will enable tracking of fuel purchase by individual vehicles and drivers through detailed instant SMS and emails. This will help bring in transparency among the fleet through close monitoring of fuel expenditure. These loyalty cards can be used at all Indian Oil fuel stations across India and also include Cab accidental insurance coverage of upto Rs. 50,000 per cab. The partnership also enables driver partners to get reward points against fuel purchase which can be then redeemed t get exciting goodies.

Kiran Brahma, Business Head at Ola said “Fuel is one of the most frequent expenses for driver partners and fleet owners. Through this unique partnership with IOCL, we are not only enabling transparency and efficiency of business for our operator- partners; but also bringing additional benefit through reward points on every litre of fuel purchased. This is yet another driver-partner centric initiative rolled out by Ola as it furthers its mission of building mobility for a billion Indians.”

IOCL, which ranks among the World’s Largest Corporations in Fortune’s 500, has been meeting India’s energy requirements for over half a century. Ola had earlier partnered with Indian Oil to offer cash backs to all driver partners when they fuel up their vehicles at Indian Oil fuel station across the country.

According to the Mr. J.K Jha DGM Bhubaneswar Divisional Office at IOCL “Fleet Card for the DCO/operators of Ola Fleet is a boon to the smart city initiative with users getting access to a secure and easy to use platform. We thank Ola for joining hands in this initiative of ours and look forward to a long and healthy alliance with them.”

Odisha is an important market for Ola; there are thousands of vehicles associated with the platform including multiple cab categories as well as auto-rickshaws. Ola had first launched its services in the state in December 2014 and has since redefined the way people travel here. Today, Ola customers in Odisha can get a cab or an Auto straight from the Ola app within minutes. The added convenience of cashless billing, live ride tracking and others contribute to the overall experience. Ola has also proven to be a boon for thousands of driver partners who have enrolled with us and have seen a sea change in their overall earnings. With a continuous access to a pool of customers along with reduction in idle time running, Ola driver partners have witnessed more than 40% jump in their revenue.

About Ola:

Founded in Jan 2011 by IIT Bombay alumni Bhavish Aggarwal and Ankit Bhati, Ola (formerly Olacabs), is India’s most popular mobile app for personal transportation. Ola integrates city transportation for customers and driver partners onto a mobile technology platform ensuring convenient, transparent and quick service fulfilment. Ola is committed to its mission of building mobility for a billion people. Using the Ola mobile app, users across 102 cities can book from over 4,50,000 vehicles across cabs, auto-rickshaws and taxis.  Ola has also introduced a range of shared mobility services on its platform like Ola Shuttle and Ola Share for commute and ride-sharing respectively. The app is available on Windows, Android and iOS platforms. Please visit www.olacabs.com and https://www.olacabs.com/media for more information.

About IOCL:

Indian Oil Corporation (IndianOil) is India’s largest commercial enterprise, with a sales turnover of Rs. 3,99,601 crore (US$ 61 billion) and profits of Rs. 10,399 crore (US$ 1,589 million) for the year 2015-16. IndianOil is ranked 161st among the world’s largest corporates (and first among Indian enterprises) in the prestigious Fortune ‘Global 500’ listing for the year 2016.

As India’s flagship national oil company, with a 33,000-strong work-force currently, IndianOil has been meeting India’s energy demands for over half a century. With a corporate vision to be ‘The Energy of India’ and to become ‘A globally admired company,’ Indian Oil’s business interests straddle the entire hydrocarbon value-chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas and petrochemicals, besides forays into alternative energy and globalisation of downstream operations.

For media queries:

Surabhi Patodia (Ola) | media@olacabs.com | +91 9741277703