Ola said in a statement on Thursday that Ola Cars aims to help customers buy new and used vehicles.
Ola will provide services including car purchase, vehicle finance and insurance, registration and maintenance.
Ola Cars will first be launched with pre-owned vehicles. Over time, it will be opened to new vehicles from Ola Electric as well as other automotive brands.
According to the statement, it will start operating in 30 cities and will expand to 100 by next year.
Bhavish Aggarwal, Founder and CEO, Ola said, “With Ola Cars, we are bringing a whole new experience of buying, selling and overall ownership for both new and owned vehicles.”
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The company also announced the appointment of Arun Sirdeshmukh As Chief Executive of Ola Cars. He will oversee sales and distribution, service, marketing, customer support and strategy for the business to go to market.
“We plan to expand even more aggressively across India and international markets over the next few months.” launch New verticals in this business including pre-owned 2W and new vehicles,” said Sirdeshmukh.
Earlier this week, Ola said that it has
Geospatial service provider Geospoke acquired, without disclosing the size of the deal.
Last week, its electric vehicle manufacturing unit, Ola Electric, said that it has
Raised over $200 million led by Falcon Edge Capital and Japan’s SoftBank, valued at $3 billion. Ola Electric is building its two-wheeler EV factory in Krishnagiri, Tamil Nadu.