Ola Cabs Share Price

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• ANI Technologies Private Limited (referred to as "OLA") together with its subsidiaries (collectively referred to as the "Group") is a leading technology service provider in the emerging cab-hailing market in India, established with the mission of providing mobility to a billion Indians.
• ANI is one of the leading companies which provides internet and mobile technology platforms for cab-hailing by commuters.
• OLA is one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the U.K. OLA offers a wide range of ride-sharing options through taxis, bikes, and Auto. The OLA app connects clients to drivers and a variety of vehicles, including motorcycles, auto-rickshaws, metered taxis, and cabs, allowing hundreds of millions of customers and over 1.5 million driver-partners to enjoy convenience and transparency.
• OLA earns the majority of its revenue as commission income & convenience fees which it charges from the drivers who onboard on the OLA platform. In FY21, 86.5% of its revenues were recorded as commission income & convenience fees.
• In FY21, over 1.5 mn drivers were registered on the OLA platform  
• OLA has its R&D centers located in the United Kingdom (U.K.) The portfolio is supported by technical and engineering teams with product application and development expertise. OLA Electric announces an R&D facility in the U.K., to invest $100 million in the next five years, especially in EVs.
• In the ride-hailing and taxi segment, user penetration is 7.3% in FY22 and is expected to reach 7.5% in FY27
• OLA was founded in Dec 2010 by Bhavish Aggarwal and Ankit Bhati with a mission to build mobility for a billion people.
  
• The Group operates under the brand name "OLA". The Holding Company is a private limited company incorporated and domiciled in India and has its registered office in Bengaluru, Karnataka, India.

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