CEO of Ola Has Abandoned His Annual Salary, and Ola Is Now about to Contribute Rs 20 cr to the Drivers


COVID-19 Outbreak in India

Ola, a ride-sharing platform, has boosted the efforts to lift their funds for its allied drivers who will become unemployed due to the lockdown in view of the COVID-19 outbreak. The app has started an initiative “Drive the Driver Fund” under which it will be able to lift approximately Rs 50 cr via crowdfunding to obtain steady funds for taxi drivers, cab, auto-rickshaw, and kaali-peeli that are employed by Ola.

In the context of this initiating, Ola will be contributing Rs 20 cr for this fund. The CEO and co-founder of Ola, named Bhavish Aggarwal, in fact, would abandon his one year salary to contribute the funds.

A spokesperson and Head of Communications of Ola, named Anand Subramanian, in an interview, said that in the moment of COVID-19 outbreak, thousands of drivers have become jobless, and they don’t have any income. He added that the Ola team had come together to donate the capital for this fund that can be utilized to give emergency help.

This action would mainly concentrate on the major areas like the essential supplies as well as emergency support, which are the most important needs of the driver in this current situation. Drivers, along with their families, need to have access to the free medical appointment.

Eventually, the Ola foundation will grab the initiatives to provide sufficient support to the drivers to ensure children’s education amongst the others. Anand Subramanian also said that they invited all the shareholders of the flexible industries to join them in all the possible ways that they could and supported the people who moved them in that tough situation. He concluded by saying that in together, they would be stronger.

The previous week, Ola declared a special insurance cover of COVID-19, which will be exclusive for the driver-partners as well as their spouses.