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Uber's Indian Rival Ola Is Launching In Australia

Uber currently dominates Australia but competition is nipping at its heels.

Posted on January 29, 2018, at 11:21 p.m. ET

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Ola, Uberโ€™s largest Indian rival, announced Tuesday that it will launch in Australia in early 2018, marking the first country outside India that the ride-hailing service will operate in.

Uber currently operates in more than 20 cities across Australia and is the dominant ride-hailing service in the country.

Ola, which was started in 2011, claims a network of more than 1 million drivers and 125 million customers across 110 Indian cities.

โ€œWe are very excited about launching Ola in Australia and see immense potential for the ride-sharing ecosystem which embraces new technology and innovation,โ€ said Bhavish Aggarwal, Olaโ€™s CEO and cofounder, in a press statement. โ€œWith a strong focus on driver-partners and the community at large, we aim to create a high-quality and affordable travel experience for citizens and look forward to contributing to a healthy mobility ecosystem in Australia.โ€

Ola said it has already started recruiting drivers in Sydney, Melbourne, and Perth, and is working on getting regulatory approvals from Australian authorities.

Ola wonโ€™t be Uberโ€™s only competitor in Australia. In November, European ride-hailing service Taxify launched in Sydney, and later expanded to Melbourne.