Ola Revenue, Valuation, Funding & Investors

Bolt is a Tallinn-headquartered mobility and delivery platform that runs ride-hailing, car sharing, shared e-scooters and e-bikes, restaurant delivery (Bolt Food) and 15-minute grocery delivery (Bolt Market) from a single app. It operates in more than 50 countries across Europe, Africa, Asia and Latin America, serves over 200 million customers and works with more than 4.5 million drivers, couriers and partners. Bolt earns commissions on the rides, rentals and orders booked through the platform; revenue reached nearly EUR 2bn in 2024 and EUR 2.27bn in 2025, when the company reported a small net profit and employed about 4,300 people. The business was founded in 2013 as Taxify by Markus Villig, then a 19-year-old high-school student, and was renamed Bolt in 2019 as it expanded beyond ride-hailing. It has raised equity from Didi Chuxing, Daimler, D1 Capital Partners, Sequoia Capital and Fidelity, among others, and was valued at EUR 7.4bn in its EUR 628m Series F round in January 2022. Bolt remains privately held.

Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore, Indonesia, and Malaysia contributed more than 70% of revenue in 2024. Grab’s main competitors in Southeast Asia are Line Man and Goto. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue.

GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business.

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food couriers, and shippers with carriers. The firm's on-demand technology platform is currently utilized by traditional cars as well as autonomous vehicles, but could eventually be used for additional products and services, such as delivery via drones or electronic vehicle take-off and landing (eVTOL) technology. Uber operates in over 70 countries, with over 202 million users who order rides or food at least once a month.

DiDi Global Inc is a mobility technology platform that provides a range of mobility services as well as other services. It is building four key components of its platform that work together to improve the consumer experience: shared mobility; energy and vehicle services; electric mobility; and autonomous driving. It is a go-to brand in China for shared mobility, providing consumers with a range of safe, affordable, and convenient mobility services, including ride-hailing, taxi-hailing, chauffeur, hitch, and other forms of shared mobility. The company operates in three segments: China Mobility, which mainly includes ride-hailing services to riders, and also acts as an agent by connecting end-users to service providers who provide taxi hailing; International; and Other Initiatives.

Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013 and public since 2019, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft has entered the bike- and scooter-share market to bring multimodal transportation options to users.

Aurora Innovation is a US autonomous driving provider for heavy trucks. The company produces and sells its Aurora Driver system, which includes hardware installed in a vehicle, software to autonomously drive it, and data management to maintain and improve the software. Aurora targets long-haul routes. The company currently offers its trucking-as-a-service model, where it owns and operates the trucks and makes deliveries for customers. The company plans to start selling its driver-as-a-service model next year, where fleet owners will own the trucks and Aurora's software will operate them.

Didi Woya is a Beijing-headquartered autonomous driving unit of Didi Chuxing focused on robotaxi development. The division deploys self-driving vehicles equipped with 360-degree sensors, machine learning, and IoT for ridesharing tests in China. Didi Woya advances commercialization of Level 4 autonomy for efficient urban transport.

Kakao Mobility is a South Korean mobility platform operator headquartered in Seongnam, in the Pangyo technology district. It was set up as an independent company in 2017 when Kakao Corp separated its taxi, driver and navigation businesses and a consortium led by TPG invested KRW 500 billion. Its main product is the Kakao T app, which offers taxi hailing, designated drivers, parking, navigation, bike and shuttle services and delivery to tens of millions of registered users. Kakao Corp remains the largest shareholder, with financial investors including TPG, Carlyle, Google and LG holding the rest. The company has grown partly through acquisitions, including the HD mapping start-up Stryx, the digital signage business Plus TV, the parking operator GS Park24 and, in 2023, the British mobility software company Splyt, its first overseas takeover. It also invests in autonomous driving and mobility start-ups in Korea and Japan.

UCAR is a leading chauffeured car service in China utilizing mobile internet, big data, professional drivers, and vehicles from CAR Inc. It verifies driver backgrounds, vehicle conditions, tracks behaviors, protects privacy, and offers accident compensation. Launched in January 2015.

Carro is a Singapore-headquartered automotive platform providing used car buying, selling, financing, warranties, and roadside assistance across Southeast Asia. Founded in 2015, it uses proprietary pricing algorithms for transparent transactions and operates inspection centers, auction houses, and on-demand recovery services in Singapore, Indonesia, Japan, and Malaysia.

DST Car is a Shenzhen-based new-energy vehicle fleet operator, founded in 2015 by Zhang Haiying, that provides electric truck and van rental and operational services to China's logistics industry. Its digital platform lets clients and drivers monitor vehicle and battery data, plan routes, and manage the EV life cycle, while the company also runs charging, fleet repair, maintenance, and insurance services through a large network of service stations and charging piles. DST has grown into the largest logistics EV operations platform in China, supporting a large fleet across hundreds of cities.

Rapido is a Bangalore-based ride-hailing service launched in 2015 that connects users with bike taxis, auto-rickshaws, and cabs across 200 Indian cities including Hyderabad, Delhi, and Mumbai. The app delivers real-time tracking, upfront pricing, and cashless payments through UPI integration. Rapido holds a leading position in India's two-wheeler segment with over 15 million monthly rides and partnerships with Honda and TVS for electric bikes. It expanded into intercity travel and logistics via Rapido Fleet, serving enterprises for last-mile delivery in e-commerce and groceries.

GO Inc is a mobility-tech company, focused on taxi and transportation services through a digital platform. Its business activities include the provision of dispatch systems for taxi operators, taxi-hailing applications, and other mobility-related services.

Caocao Chuxing is a Hangzhou-headquartered ride-hailing service operating in over 100 cities across China as a Geely Holdings subsidiary launched in 2015. The platform emphasizes electric vehicles for zero-emission mobility, providing premium rides, shared cars, and autonomous vehicle pilots integrated with WeChat for seamless urban transport.

Cabify is a Madrid-headquartered ride-hailing service operating in Spain, Portugal, and Latin American countries including Mexico, Colombia, and Peru. The app offers economy, comfort, and premium vehicle classes with licensed professional drivers. Launched in 2011, Cabify integrates carbon offset options and corporate accounts for fleets. It competes in markets like Santiago and Buenos Aires with fixed pricing during peak hours.

Neutron Holdings Inc is a micromobility company that provides rentals of shared electric scooters (e-scooters) and electric bicycles (e-bikes) through its platform (the Rider App) to be used for short distances in various cities and municipalities around the world.

inDrive (formerly inDriver) is a global, peer-to-peer ride-hailing and urban services platform. It stands out from competitors by allowing passengers and drivers to directly negotiate fares, bypassing traditional surge-pricing algorithms. Operating in over 1,000 cities across 48 countries, it is the world's second most downloaded mobility app.