Through the program, the company seeks to raise 500 million rupees through crowdfunding to secure funding for rickshaws, taxis, kaali-peeli and taxi drivers working with Ola
Ola CEO and co-founder Bhavish Agarwal's company will donate Rs 200 crore to drivers who are unemployed as a result of the 21-day blockade imposed by the Narendra Modi government against the corona virus. Agarwal himself will put his annual salary into the Drive Driver Fund program through a taxi app.
Today, millions of drivers and their families find themselves without income. To support them, we are launching a "Drive Drivers" fund. I will provide a salary for next year and Ola and employees will contribute ₹ 20 cr to the fund. https://t.co/bR561tZ7Es 1/2 pic.twitter.com/KUZiOxWaFl
-Bhavish Aggarwal (@bhash) March 27, 2020
Through the program, the company seeks to raise 500 million rupees through crowdfunding to secure funding for rickshaws, taxis, kaali-peeli and taxi drivers working with Ola. Ora currently has 2 million taxis worldwide.
The plan focuses on areas such as emergency support, basic supplies and free medical advice, as these services are essential during times of crisis. "India Today" reported that the ride-hailing giant also plans to take measures to provide drivers with financial assistance for children's education.
According to Anand Subramanian, spokesperson and head of communications at Ola, "The current crisis has made thousands of drivers the backbone of shared travel without any income. The Ola Group has come together to provide initial funding for the fund, Can be used to provide immediate assistance. "
Promoting driver funds is not the first plan Ola announced to support its partner drivers. Last week, Ora announced special COVID-19 insurance for partner drivers and their spouses. The ride-hailing company also waived lease rentals like EMI, which were leased to partner drivers who operate vehicles owned by Ola subsidiary Ola Fleet Technologies.