Ola gets green light for London taxi business

India’s biggest ride-hailing platform Ola Cabs, which is run by ANI Technologies Pvt. Ltd, has received approval from London’s transport regulator to start private hire vehicles (PHV) in the capital city of the UK.

This would allow Ola to mount a challenge to Uber Technologies Inc., and also take on Daimler AG-backed “Bolt" ride-hailing service, which received a licence from Transport For London (TFL), London’s local government body, in June.

Ola UK Pvt. Ltd has received a one-year carriage licence from TFL to operate “PHV vehicles" across London where drivers themselves are required to apply for a licence and list their vehicle as a privately registered vehicle for hire.