SUMMARY
While Ola Parcel has been launched in Bengaluru for now, the Bhavish Aggarwal-led startup plans to soon expand the service across India
Ola Parcel service will be available across the city at different price ranges – INR 25 for 5 Km, INR 50 for 10 km, INR 75 for 15 km, and INR 100 for 20 km
Ola said Ola Parcel is aimed at electrifying logistic services in the country and providing an affordable delivery service solution
Bhavish Aggarwal-led ride-hailing platform ola
announced the launch of its all-electric on-demand delivery service, Ola Parcel, in Bengaluru on Friday (October 6) to take on Swiggy Genie and Dunzo’s courier service.
Aimed at electrifying logistic services in India, Ola Parcel will serve as a highly affordable and accessible delivery solution for all, the startup said in a statement.
Ola Parcel service will be available across the city at different price ranges – INR 25 for 5 Km, INR 50 for 10 km, INR 75 for 15 km, and INR 100 for 20 km.
On the other hand, Swiggy Genie’s charges start from INR 60 for the first 2 Km of parcel delivery.
Founder Aggarwal also took to X (formerly Twitter) to announce the launch.
“Launching Ola Parcel today in Bengaluru! Start of an all-electric 2W logistics ecosystem for India!,” he wrote, adding that the service will be available from tonight onwards.
Ola plans to soon expand the service across India.
Meanwhile, an Ola spokesperson said in a media statement that electric two-wheelers will disrupt the logistics ecosystem in India and Ola’s on-demand delivery service will bring in a “paradigm shift” in the intra-city logistics industry.
“Owing to its robust network of services spanning across ride-hailing, digital commerce, logistics and EV manufacturing capabilities, Ola is uniquely placed to bring in this transformation at speed and scale,” the statement said. “We are very confident that this collaboration between Ola and Ola Electric will revolutionise the 2W logistics ecosystem in India.”
Ola, besides building its EV manufacturing entity Ola Electric, has also been bolstering its offerings in the electric mobility segment.
The company recently restarted its ebike services in Bengaluru for everyday travel for the masses.
Ola currently claims to have operations in 200 cities with over 1 Mn drivers on the platform. Recently, Ola is said to have also joined the government-backed Open Network for Digital Commerce (ONDC) to pilot a new food delivery platform.
Ola reported a 1.3X widened net loss of INR 1,522.3 Cr in FY22 , up from INR 1,116.1 Cr in the prior fiscal. Its operating revenue doubled to INR 1,970.4 Cr in FY22.
