Report: Ola Tempts Bike-Taxi Riders with Potential Rs 70,000 Monthly Earnings

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Ola, led by Bhavish Aggarwal, has relaunched its bike-taxi service in Bengaluru and is reportedly enticing riders with the prospect of earning up to Rs 70,000 per month, as per a Moneycontrol report. Ola reintroduced its bike-taxi service despite ongoing legal disputes between ride-hailing companies and the Karnataka government regarding the service’s legality. Riders will utilize Ola’s S1 electric scooter for this service. The company is also offering electric scooters for rent at a security deposit of Rs 5,000 to individuals interested in becoming e-bike taxi riders.

Bhavish Aggarwal, Founder and CEO of Ola, stated that customers would be charged Rs 25 for a 5 km ride and Rs 50 for a 10 km ride. He further indicated plans to expand this service nationwide over the coming months. Ola’s bike-taxi service seems to have a smoother regulatory path in Karnataka due to the state government’s policy permitting electric vehicles for bike taxis.

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This development occurs against the backdrop of varying state-level regulations on bike taxis in India, with some states like Telangana allowing petrol-run bike taxis. In June, the Supreme Court ruled against the operation of two-wheeler taxis in Delhi until a formal policy was established, which had repercussions for bike-taxi aggregators like Ola, Uber, and Rapido.

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Report: Ola Tempts Bike-Taxi Riders with Potential Rs 70,000 Monthly Earnings

Ola, led by Bhavish Aggarwal, has relaunched its bike-taxi service in Bengaluru and is reportedly enticing riders with the prospect of earning up to Rs 70,000 per month, as per a Moneycontrol report. Ola reintroduced its bike-taxi service despite ongoing legal disputes between ride-hailing companies and the Karnataka government regarding the service’s legality. Riders will utilize Ola’s S1 electric scooter for this service. The company is also offering electric scooters for rent at a security deposit of Rs 5,000 to individuals interested in becoming e-bike taxi riders.

Bhavish Aggarwal, Founder and CEO of Ola, stated that customers would be charged Rs 25 for a 5 km ride and Rs 50 for a 10 km ride. He further indicated plans to expand this service nationwide over the coming months. Ola’s bike-taxi service seems to have a smoother regulatory path in Karnataka due to the state government’s policy permitting electric vehicles for bike taxis.

Exciting news! We’re now on WhatsApp Channels too.  Subscribe today by clicking the link and stay updated with the latest insights in the startup ecosystem! Click here!

This development occurs against the backdrop of varying state-level regulations on bike taxis in India, with some states like Telangana allowing petrol-run bike taxis. In June, the Supreme Court ruled against the operation of two-wheeler taxis in Delhi until a formal policy was established, which had repercussions for bike-taxi aggregators like Ola, Uber, and Rapido.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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