This is to provide vehicles on loans to 40,000 driver partners through financing worth $400 mn. Both companies have entered into a strategic alliance to provide “Mahindra-Ola” financing package for drivers. It will offer Mahindra brander cars at separate rates, loans with zero down payment from NBFCs, subsidized insurance premiums, and vehicle maintenance packages.

This can be done for local and outstation travel and has happened through a partnership between Ola Cabs and Via.com. Ola is essentially opening up its services by integrating its API into Via.com, allowing the latter’s customers to access cab booking, availability, estimation and tracking across categories, directly on the Via.com app and website. Ola had opened up its API to developers in September last year.