The new partnership would significantly benefit driver-partners on the platform of Ola
Ride-hailing platform Ola has reportedly announced to have signed a partnership deal with Hyundai Motor Group under which Kia Motors Corporation (Kia) and Hyundai Motor Group will make their biggest combined investment to date. According to a report published by Your Story, Kia and Hyundai are slated to invest a total of USD 300 million in Ola.
Executive Vice Chairman of Hyundai Motor Group, Euisun Chung reportedly noted in a statement that India is the heart of the company’s strategy to attain leadership position in the worldwide mobility industry and the collaboration deal with Ola would certainly fast-track the efforts of Hyundai Motor Group to transform itself into a Smart Mobility Solutions Provider. Chung further added that Hyundai Motor Group would proactively respond to market changes and consistently innovate to ensure that the company delivers greater value to its customers.
Reportedly, the new partnership would significantly benefit driver-partners on the platform of Ola, as the company would work together with Hyundai to build vehicles and solutions that would enable sustainable revenue for millions of them in the times to come.
The Co-founder and Chief Executive Officer of Ola, Bhavish Aggarwal was reportedly quoted saying that the company is delighted with its collaboration with Hyundai as Ola moves forward to build cutting-edge and innovative mobility solutions for a billion populace. Ola and Hyundai Motor Group would together bring a new generation of mobility solutions to the market, as both the firms constantly expand the range of offerings to their customers, Aggarwal further added.
As part of the strategic partnership, Ola drivers would receive various financial services, including instalment and lease payments, alongside vehicle maintenance and repair services. Sources familiar with the development claim that Ola, Kia, Hyundai have also agreed to coordinate efforts to develop vehicles and specifications that reflect the requirements of the ride hailing market.