Ola Cabs shuts down international ventures, shifts focus to Indian market

Ride-hailing firm Ola Cabs is exiting all of its international markets, which include the United Kingdom, Australia, and New Zealand, as it focuses on the Indian market and growing its electric vehicle (EV) fleet.

An Ola Mobility spokesperson shared in a statement that the ride-hailing business is growing rapidly in India, where they are profitable and are segment leaders.

“The future of mobility is electric – not just in personal mobility but also for the ride-hailing business, and there is immense opportunity for expansion in India,” said the statement.