Ola, a ride-hailing company, launched its parcel delivery service, Ola Parcel, on October 6 in Bengaluru. The service will use Ola's electric scooters to deliver packages.
Ola CEO Bhavish Aggarwal announced the launch of Ola Parcel, an all-electric 2W logistics ecosystem for India, on Twitter today. Ola Parcel will charge Rs 25 for 5 km, Rs 50 for 10 km, Rs 75 for 15 km, and Rs 100 for 20 km.
Ola will fully roll out its parcel delivery service in Bengaluru in the next few months and then scale it to other cities across the country. Porter, Swiggy Genie, Uber, and Dunzo are the current leaders in the intra-city parcel delivery market.
Last year, Ola's close competitor, Uber, also launched its parcel delivery service offering, Uber Connect. Uber Connect was initially introduced in four Indian cities: Kolkata, Guwahati, Jaipur, and Gurgaon, but it is now available nationwide.
Existing players are also transitioning towards EVs. For example, Porter has onboarded around 3,500 EVs across cities, largely Delhi and Bangalore, and has an EV presence in other large metros as well.
Uber and Ola are both expanding their EV presence. Uber has partnered with Zypp Electric for 10,000 EV two-wheelers in Delhi for its ride-hailing services and with SIDBI to unlock INR 1,000 crore in EV financing. Ola is also expanding its business segments, including its EV delivery service.
Ola has been expanding its business segments beyond ride-hailing. In September, it joined the government-backed Open Network for Digital Commerce (ONDC) to offer food delivery services.
In 2022, it planned to integrate its cloud kitchen business with 10-minute grocery delivery. Ola Cabs also announced the restart of its bike taxi services, which will only use Ola Electric's S1 scooters in Bengaluru.