Ola ebike - Driver Earnings
I tried Ola ebike service for commuting a short distance ~ 5km. The experience was good and the fare was also cheap(50 Rs.). I spoke to the driver about earnings and whether he has to give EMI for the OE bike. Then he showed me the below table - how his earnings are calculated. I got shocked at seeing the high earnings amount - upto 4.5K daily which amounts to 1.35 lac monthly! He told me that Ola ebike is for short distances only - Upto 7-8 kms. And he is able to get average 3-4 rides in 1 hour, and he also doesn't have to pay for the vehicle rent. The Charging is also free at Ola Chargers. I couldn't help but wonder how can Ola sustain with this much spending. If they're giving upto 1lac to every driver and charging the user very less, that's a lot of cash burn.
FancyChino64
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