Ola fails to get ride-hailing license renewed in London


London's public transport authority stripped ride-hailing company Ola of its London operating licence, saying that the taxi app was not "fit and proper" to hold one, having put passenger safety at risk.


Ola entered the London taxi market in February this year. The market is dominated by rivals including Uber, Freenow and Bolt, and traditional black cab drivers who previously blocked streets in protest at what they see as a threat to their livelihoods.


Transport for London (TfL) said in a statement that it refused to grant Ola, a Softbank-backed operator, a new London private hire vehicle (PHV) operator's licence as it "cannot find it fit and proper to hold one after discovering a number of failures that could have risked public safety."

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