Ola will face competition from Uber and Daimler-backed Bolt in the London.

In a significant development, London’s transport regulator has permitted Indian ride-hailing company Ola to launch its service in the city.

Bengaluru-based, SoftBank-backed Ola stated it has got a “private hire vehicle license” to operate in UK’s capital city.

“We are looking forward to building world-class mobility offerings for London, by collaborating with drivers, riders, the government and local authorities,” said Ola’s spokesperson in a statement.

According to a report by the Financial Times, Ola plans to launch the service by September 2019.

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