Ola to launch self-drive service, to invest $500 million
Thursday, March 28, 2019, 9:21 AM
Homegrown ride-hailing platform Ola will invest over $500 million to launch 'self-drive' service aimed at broadening its portfolio of transportation solutions, according to two-people directly aware of company's plans. The investment will come from a mix-of-debt and equity over the next couple-of-years, according to one of persons. Ola will deploy nearly 10,000-vehicles, including luxury sedans and SUVs, in major-cities in coming months, said person.